"Oh God said to Abraham "kill me a son"

"Abe say, "man you must be puttin' me on"  Highway 61 revisited, Bob Dylan

We usually talk about Condos but the inventory of waterfront homes on the beachside is actually at a lower point than waterfront condos.  As of this writing there are only 26 waterfront homes in Cocoa Beach/Cape Canaveral, this includes ocean, river and canal front homes.   Usually the most sought after homes are canal homes priced between $300K to $500K, these usually go quickly and multiple offers are becoming common.  This is a great time for the seller and the buyers have to be ready to buy.

For those of you who saw the President's last speech, you probably heard him mention the dissolution of Fannie Mae and Freddie Mac.  This, if passed, will take about 5 years to take place and a lot of people think this is a good thing.  I am on the fence about it for the reason that when completed it will require lenders finding investors to buy these mortgages.  Now as we know this can be a risky investment but with a better chance to make money than to lose.  At the present time about 75% of all mortgages are owned by Fannie Mae or Freddie Mac.

Good news for Florida is so far this year about 50% of all properties sold have been cash sales.

We will hope for the best.

Jim Bagwell