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Nesgroup address: alt.real-estate-agents - Date & Time for the message: /

Author of the message: "homan4"

Title of the message:
Re: What is going on with the market?

Text of the message:
Florida is unique in that there is a great influx of people from other parts
of the country who have sold their homes and are looking to buy here.  For
most the house prices are much more moderate than where they came from.
They have pockets full of cash and many buy homes for cash.  Those who
finance the purchase often have enough cash to bring the LTV numbers work
based on an appraisal below sale price.
Interesting note - this was one of the points I made in my first post to
this thread, sadly, rather than focus on all the factors in a balanced
manner some agents postured their arguments rather than to discuss the
issues.
Another factor would be appraisal.  With the rapid market we have here it is
not uncommon for mortgage companies to contact appraisers from other
counties if they are backed up in an area.  Out of area appraisers in my
part of the state tend to be more liberal in their assessment of a



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