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Real estate: Buy now? Or buyer beware?

By WINK News

Naples - A well known real estate analyst came to Naples today in an attempt to bring some hope to the slow housing market.

Dr. Lawrence Yun is the Senior Economist for the National Association of Realtors. He says real estate agents, as well as the public should not be disturbed by the lack of sales in Collier County. He believes things will pick up in the next year, and even more in the distant future.

Some real estate agents tell WINK News the market just keeps getting worse.

Yun says, if you buy now you'll be better off later.

"It looks like over the long term, twenty years from now it looks like Naples will be commanding very high price in the country," said Yun

Yun also predicts renters beginning to buy once they realize the cost of rent is just about as much as a monthly mortgage payment.

Some renters tell WINK News once you add in the cost of association fees, it's just not affordable.
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