Brevard County Mortgage and Brevard County Real Estate Market Data For February 2010
It is a great time to be involved in the Real Estate industry; home prices are great, interest rates are at historic lows, and there are 
still government incentives to purchase a home. The government incentives are set to expire, and you will need an executed contract by the end of April to take advantage of the tax credit. There is still time to get in on this once in a lifetime deal, so do not delay, act now! 
The trend of lower price listings selling continues into February. With almost 80% of the transactions in Brevard County under $200,000, there seem to be great deals out there, with buyers purchasing value. These low prices are allowing those who were not able to purchase what they where looking for a few years ago, to get into the right home at the right price now.
While 50% of homes are still being financed, this February 2010 we had 254 cash Transaction which accounted for 49% of the market. With almost 50% of all homes in Brevard county being purchased 
with cash, following January’s trend, it appears as though Cash is still ruling the market. This is a sign that people see no better place for their money than in real estate. This is a true signal that we are at or near the bottom.
While we have almost returned to a “normal” market, it has been shown that homes are selling. If the home is priced right, it will 
sell in a reasonable amount of time. New listings that are aggressively priced are quickly sniffed out by those looking to buy, and usually have offers in on them in a short amount of time. If you find a home that you love, and it is priced right, then you have to act fast. With interest rates as low as they are, government incentives still on the table, and homes aggressively priced – It is a great time to be a buyer. If I can help you discover your purchasing power, or take a look at your financing options, please contact me today!
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