It's Not Always as Bad as the Press Describes.

The negativity in the press related to the real estate and building industry continues to make a difficult situation worse. The latest example of this was the article in the Monday Edition of Business Weekly, of the Herald Tribune, titled “Gloom Town”. It depicts North Port in a very negative light related to the commercial vacancy rates. It lists several new construction buildings as 100% vacant. What it doesn’t tell you is that some of those buildings have not been permitted yet. So how can you count a non-existent building as 100% vacant? As usual, a negative spin is placed on a story to sensationalize it. In a time when sales are difficult to come by, these types of articles that are distributed to thousands of people and businesses make potential buyers even that much more nervous. Where is the article that states what a great time to buy this market currently presents? Interest rates are still low, greater inventory presents more options for buyers, and prices have come down.