Real estate experts say the worst is over for the Sarasota real estate market
By Marc Rasmussen, Sarasota Real Estate
(DWELL Real Estate)
Two real estate experts went on record last week saying that the worst is over for the Sarasota real estate market. Lawrence Yun, the Managing Director of Quantitative Research at the National Association of REALTORS stated that the current softness in the Southwest Florida real estate markets will only last another 6 to 12 months. "Do not bet against this region," he said. "In the long term, Sarasota will have faster home price growth than the rest of the country." Sean Snaith, director of the University of Central Florida's Institute for Economic Competitiveness, issued a report stating in the opening sentence: "For those with a house on the market, there's good news, the worst is over." I agree with these experts. The Sarasota real estate market really hit the wall about July of 200...
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