It is my contention that the RE buyer that is currently in control of the market is the well-capitalized, cash buyer. Someone who can come to the closing table and scratch a check, unencumbered by low credit ratings or excessive debt.

For that type of buyer (and they are relatively few), there are opportunities to negotiate terms and purchase properties at very favorable prices, when viewed over the long term.

That said, there is quite possibly more room on the downside in prices for properties where the sellers have refused to acknowledge the reality of the current market.

What most RE market watchers know is that calling yet another major market bottom for the broad spectrum of local real estate is probably premature.

Just one person’s opinion, as always.

As long as you have been trumpeting the notion that “it’s always a great time to buy Sarasota real estate”, etc., making another “bottom” call is quite premature, at best.

Buyers who have CASH are in control of the RE market. Contrary to what you proffered, (“lenders are back in their comfort zone lending again”), banks are NOT lending to the extent that just anyone can get a loan. Nor should they be.

The markets and governments are grappling with excessive debt that has been built up over many years. The chicken has now come home to roost.

Only those well-capitalized buyers who have cash can operate in this market. And it is for that VERY select group of buyers where the best values are negotiated.

Given the backdrop of bad economic news that is now a reality, you may be better served (and gain some respect) if you toned down the shtick.

Just one person’s opinion, as always.