Pt.1 It's time to buy Real Estate again, the most attractive asset class in America.
Mike Castleman, who calls himself a "dirt road economist" has not seen a shortage of new construction in the last 35 years like what he is seeing today. He believes in most markets the price of new homes will begin to rise this year, not fall. And as founder and CEO of Metrostudy, he is in a unique position to know. His company tracks data on the country's inventory of new homes. They cover around 65% of the US housing market, and the key figures they collect are the number of vacant and "For Sale" homes and how many months it would take to sell all of them. This measures inventory and determines if a market has a surplus or shortage of new housing. The numbers are 1/4 of what they were just a few years ago.
So we have a historic drop in new construction and prices that have declined 30 to 55% across the country. The affordability will lure Americans back to buying homes and the shortage will start raising prices in many markets this year. To take advantage before the prices and/or interest rates start up, call Bonnie Fagoh at 813-390-7606. Or click here to search the best Tampa Bay properties as they hit the market. http://www.TampaCoastalHomes.com
In Pt.2 I will address today's tight credit standards and the effect on the market, as well as the cost of owning vs renting.
Saturday, May 14, 2011
Wednesday, May 11, 2011
Monday, May 9, 2011
Friday, May 6, 2011
Monday, May 2, 2011
Sunday, May 1, 2011
They say Islamorada is the fishing capitol of the world but I think it should be Tampa Bay. April was a great month and I would have to say my best April ever. That says a lot when you consider the state of our Snook fishery. There were a few slow days and one of those came with kids on the boat and that kept me awake a little that night. If you really know me then you know how much I like seeing kids catch fish. There were a few other minor bumps in the road but for the most part April was a big success as I was on the water 26 days. I look for May to be just as good maybe even better. The weather is getting to the point already that the shallow water fish are slowing down a little mid day but that has just pushed me to deeper water where it will not make as much of a difference. May should be good across the board with everything chewing. The Redfish and Tarpon are the species that I expect to get even better. With the crab flush starting on the full moon, the poons should take center stage. I hope to top last years 2 biggest Tarpon at about 175 lbs. The Kingfish are the specie that I expect the bite to get weaker as the smokers continue their migration north. It does not matter what you pleasure I think May has something for you. Not trying to pressure anyone but if you are considering a trip with me for May I am booking fast. Until next time, good luck and be safe on the water. Remember: don't let your kid be the one that got away, take them fishing.
If anyone is interested I have a couple of singles that are looking to share a trip with another angler.
Bob Strozinski - Tarpon trip
Ray Kress - Grouper trip
Let me know and I'll put it together.
Capt. Ric Liles
REEL SIMPLE FISHING ADVENTURES
K9 FISHING RODS ~ feel the bite!
Host - Tampa Fishing Outfitters Radio Show, CBS