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June 4th, 2008 8:11 AM by David W. Welch
I am just sorting through what this could mean for real estate in Orlando. Generally speaking, the international community should respond, and has already, positively to this statement. Bernanke's statement about inflation is probably the clearest signal from the Fed that they will not cut rates any further. This should give other countries greater confidence in the US economy. By holding the line on rates, the Fed is making a statement that they do not feel the economy needs additional stimulation (plus). It says that they will take actions necessary to hold off inflation (plus). This also keeps dollars out of the market, making the dollar more valuable (plus). The dollar being more valuable should curb oil prices (plus).
All of this should catch the interest of off shore investors. Buy property in Orlando now, while the dollar is still cheap. Prices have dropped here making our real estate even a better deal, but they may be stabilizing. Sales are increasing each month. Orlando has continued to add jobs, regardless of the economic slowdown. While prices may remain somewhat stagnant for a while, the exchange rate may be poised to move in the other direction. If offshore investors agree with this, look for some of our inventory here in Orlando to get picked up again by investors. That could actually speed up the real estate recovery.