05.08.08

Vacation Time!

Posted in Colorado Springs Real Estate at 7:31 am by Angela Byrne

Florida is perfect in May.  Weather is warm with cloudless skies.  Pool water is just right.  We spent time over the weekend visiting Disney’s Magic Kingdom and Disney’s Animal Kingdom.  What a hoot!  Our daughter, who just turned 4 this year is at a great age for enjoying these sorts of trips. 

We also fished yesterday.  This time, our four year old lasted all of five minutes.  You can see that playing in the water and rolling in the sand and seaweed was a much stronger attraction. 

Since I have family in Florida we are there to visit once per year.  I noticed this time that some of the homes that have been on the market for sale FOREVER are now occupied by new owners.  This is a refreshing thing to see.  There market has been the pits for a long time now.  Values were overinflated, property taxes continued to climb and (with hurricane activity) homeowner’s insurance was either denied or cost prohibitive.  I’ve talked to several people who say the inventory of homes in Florida is starting to come down.  This is good news.  I think they started into a tough market before we started to see changes in Colorado Springs.  The fact that they are starting to see the sun after the storm is good news for everyone.

My sister also mentioned that waits at restaurants aren’t quite as long now (perhaps a sign that people are lying low and curbing spending until things turn around?).  I didn’t see a lot of obvious signs of this.  Both of the Disney parks we went to were packed…although I’m not sure what percentage of visitors are Florida residents, folks from other states, or those visiting from other countries. 

Anyway, some of the things I heard suggested a strenthening of the housing market in Florida.  I would hope this same is applicable for Colorado Springs real estate.  While we didn’t see the changes that many other parts of the country did….we are still not a balanced market.

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