Update on current market trends in Fernandina Beach

Buyer traffic is definitely up in the last 90 days. Whether the market has bottomed out is anybody guess. The old adage is: the only way we will know we are at the bottom is when it is passed us. Many buyers are seeing the advantages of first time buyer tax credits, mortgage rates of under 5%, an abundance of home inventory, and prices down 20 to 25% below 2006 level as a sign it is a great time to buy.

Here is a link to Current Real Estate Market Trends in Fernandina Beach
http://www.trulia.com/real_estate/Fernandina_Beach-Florida/