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January 28th, 2008 2:53 PM by David W. Welch
My economic stimulus package involves people buying homes. Quite frankly the best way to stave off the possibility of a contracting economy involves selling some homes. I have been in Orlando real estate for over eleven years now, and every single year there were economists predicting a downturn in the market. Ten out of eleven years the economists quoted in the various media have been wrong. If you give the same prediction long enough, eventually you will be right. If you want to know the reason for our current economic woes look no further than your local paper. Bad news sells. My best friend reminded me recently that economists have predicted ten of the last three recessions correctly. That is a joke, so it is OK to laugh. I believe that if the buyers that are concerned about the market would get off the fence and buy a home, our inventory would drop by a third within three months. I honestly believe there is that much pent up demand. In the meantime, pending sales are continuing to climb. I would not wait too much longer, because eventually the market will improve despite all the doom and gloom in the news. www.davidwelch.com/orlandobuyers