The ever-changing world wind of the real estate market brings on many emotions.
From a sellers market just a few years ago (Sales figures from the Florida Association of Realtors supported that notion) to a buyers market that we are currently experiencing.
Artist: Lina Montes
Emotion a noun, according to Webster; a mental state that arises spontaneously rather than through conscious effort and is often accompanied by physiological changes; a feeling: the emotions of joy, hate, and love.
Joy:
Their is some joy for the international investors because they rank the United States as the most attractive market in the world, according to a first-quarter survey of members by the Association of Foreign Investors in Real Estate (AFIRE), a trade group whose members own about $230 billion of real estate in this country and $700 billion worldwide.
Hate:
Anyone who is selling in this market must hate the fact that they may have to lower their price because of the world wind of short sales and foreclosures. So to sell your property you might have to lower it just like Donald Trump, He recently dropped the price on a Palm Beach mansion by 20 percent, and some market watchers say the U.S. housing woes have finally touched the wealthy.
Love:
You got to Love that the weak dollar draws European visitors. The USA received 1.5 million more visits from aboard last year than in 2006 as the weak U.S. dollar lured more Europeans interested in exercising their increased buying power. South Florida also benefited, last year because it saw visit from abroad jump about 7% over 2006, says Nikki Grossman, CEO of the Greater Fort Lauderdale Convention and Visitors Bureau.
At EWM they target the three major European websites operating out of Great Britain covering the European market, which are mayfairinternationalrealty.com; CountryLife.co.uk; Telegraph.co.uk.
The joy of the international investors will only help the market for the sellers who hate the fact if they don’t sell soon they may face foreclosure. With the increasing European visitors you have to love that you might get to sell your property sooner than you think in this ever-changing world wind of the real estate market of emotions.