The real estate market has been a real struggle for those who got in the game late 05 early 06.Are you are holding on to properties hopping for things to turn around this year? You may want to look at the amount of holding costs you will incure while holding the property over the next 2-5 years for prices to turn around. Unless there is a tax benefit it would be best to drop the price and sell the property nd take the loss this year. Check with your accountant about the tax benefit of selling now and spreading the loss over the following years.

We hear it in the news from CNN to CNBC, what is going to happen with the real estate market and what are going to be the effects on the market due to the Sub-prime market and the increase in the foreclosures?We hear from the bubble masters and the doom and gloomers that the end is at hand, and on the other end of the spectrum things are turning around! I can say that both sides have good points and I would personally take a middle position. With the numbers I look at everyday in Port St lucie Fl, we have 1 yr to 18 months until the bottom and we may see 5 - 10% reduction in price if we have NO hurricanes! As my mentor says, if you hear it in the news it is over about the Sub-prime problem.I look at the numbers on the ground and see too much inventory with more coming on due to foreclosures and less buyers due to the tightening of the lenders.I do believe Port St Lucie is set for some great growth and enjoy living in Sunny Florida.We have issues with the taxes and insurance that have held people back from buying. Florida is in the almost impossible struggle to change things in the insurance industry and the property taxes.Altough I do not see how they can change anything, it may be enough to encourage people to buy and or downsize.In the end, this is all a distraction from the real important thing that is a relationship with God thru His Son Jesus Christ, so do not get too worried about all these temporary things!