"You can't be distracted"

"by the noise of misinformation"  James Daly

It is not quite as cold today as London, we have clients in shirt sleeves but not me.

Did you know that the Florida Association of Realtors reported that the inventory of resale homes have risen to 4.7 months of inventory.  The normal healthy quantity is usually around 6 months.  This has never been more untrue than with oceanfront condos.  In the 4 complexes we have talked about, Windrush, Windward East, 2100 Towers and The Diplomat,  there are only 9 active listings.  These listings range in price from $129,900 all the way to $499,999.  They include the front buildings in The Diplomat and Windrush which are the lowest priced to a 12th floor in 2100 Towers which is the highest.

I do know however that on March 22, 2013 Freddie Mac announced that the average 30 mortgage rate is down to 3.54% and the 15 year mortgage is down to 2.72%.  For individuals with good credit the monthly payment is more affordable than it has been in a long time even including taxes and high cost of insurance.

A good time to buy!

Jim Bagwell