Home > Blogs > Florida > Okaloosa County > Fort Walton Beach > The Real Estate Glass is 3/4 Full!
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Karen Butler- Military Specialist

News You Can Use In And Around Fort Walton Beach

By Karen Butler | Agent in Fort Walton Beach, FL

The Real Estate Glass is 3/4 Full!

You hear it everywhere, on the cable news channels, newspapers and the Internet, that 25% of all American households are underwater with their mortgages.  What does that mean?
 It means that 75% of all American households are:

NOT UNDERWATER  

NOT UPSIDE DOWN

NOT BEING FORECLOSED

This is not to say it doesn't exist, because it does, but, I just want to put it into perspective.  In Fort Walton Beach, there are currently 16 single family homes that have been foreclosed on by the banks, 3 are in foreclosure, and 8 are in pre-foreclosure.

If we took All the foreclosures being reported today, they would fit into the populations of the cities of New York City and Los Angeles, two of our most populous cites.  That would leave the rest of the United States and it's 30,000 + cities functioning and affluent.

The sky is not falling, real estate is putting the nations economy on the road to recovery and people are still buying homes.  There are 107 single family properties under contract in Fort Walton Beach alone right now.  Including the surrounding area within a 50 mile radius there are over 1100 properties that are under contract with new homebuyers just waiting to close!

Real estate is local in nature, FWB cannot be compared to Las Vegas, so always rely on a local REALTOR for your real estate information, and not cable news.


My glass is 3/4 full how about yours?

Got a real estate question you'd like answered? Ask me, I'm here to help.





Karen Butler,  REALTOR   Karen@KarenButler.com   850-830-8780      www.KarenButler.com      
Coldwell Banker United Realtors     Military Specialist        20 Years - USAF Retired   Contract Negotiation Specialist
Trusted Community Advisor   1st Time  Home Buyer/Seller  Counselor      Short Sale & Foreclosure Resource      Senior Real Estate Specialist, SRES  
 Accredited Buyer S
pecialist, ABR   Mortgage Pre Approval Resource

 
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