As the Market Turns

There are areas where Sales Associates are claiming that the market is down, it's in Foreclosure heaven, yada yada yada. 

Every market is different!  A downturn in one area may or may not affect another.  Even regions have different economies and different home markets.  A city that has just laid off it's factory workers, which may be the majority of its population, will see a change in the marketplace much sooner than the area that just picked up a factory or business that shut down in another area.

When it comes to cities, you can see the same shifts.  Flagler county has just picked up manufacturing at its Sea Ray plant, and Edgewater (in Volusia county, just lost their plant).  It will be a slow turn (as real estate does not flow with the economy, but has a delayed reaction) but you can bet that homes in Flagler will receive a benefit in the next six months and homes in Edgewater, or around that area, could suffer. 

Want to know what's going on in an area you're looking to buy or sell in?  Ask a local Realtor®.  Keeping up with the changes in the local economy is important to anyone who has a need to buy or sell in a certain area!