Outlook for Keys real estate is on the upswing

June 2, 2012 - PRLog -- The Upper Keys Newspaper, the Keynoter, published the real estate sold list for the week ending May 5, which showed sales volume 38 percent ahead of last year for the same one-week snapshot.

This reflects several factors all working at once:
* interest rates are at historic lows, making it easier for borrowers to qualify
* banks have begun moving off their books those properties hanging in limbo, including short-sales and foreclosures
* sellers have become more realistic on prices. When that happens, buyers are enticed back into the market, figuring they don't want to miss that hypothetical "bottom"
* As rental rates increase, the formula for determining if it's better to rent or buy begins to signal owning as a better financial choice, especially if the buyer is not planning to move anytime soon
The Zillow Home Value Index, which tracks real estate price movement in virtually every community across the country, reported home prices on the upswing in South Florida.
Both Miami and Phoenix were singled out for year-over gains. Stan Humphries, chief economist for Zillow, said: "We're seeing home value appreciation rates which are quite frankly surprising at this stage of the recovery."

June 2nd, 2012, Per Islamorada’s Top producing Realtor Kim Bagnell Thaler, This is great news for the Upper Keys and Islamorada area.

When asked how this has affected Real Estate, Kim remarked, “We are definitely seeing an increase in home sales in all price ranges. In fact, people that want the Keys lifestyle have been snapping up the lower priced properties as well as the luxury homes ,due to their value. In addition, foreclosure listings are getting fewer and fewer.

Part of this is fueled by International buyers plus people that just want to get away from the bad weather and hectic lifestyles of the larger cities in the Northeast and Midwest.

Bottom line is due to mortgage rates and pricing there’s never been a better time to buy Real Estate in the Keys.

Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service. With her vast knowledge, 20 years experience and commitment to the highest ethical standards, Kim remains a standout among other Florida Keys Real Estate companies