Major Florida Mortgage Broker: Slowing Housing Market Will Speed Up Again

In Palm Beach, the housing market has seen much better days. There’s even controversy swirling over who’s to blame for the slowdown in Florida home mortgage demand. Newspapers? Sellers? The economy?

Budge Huskey, however, president and chief operating officer of Coldwell Banker Residential Real Estate, says there’s no reason to assign blame at all. How come? Because the state’s largest Florida mortgage broker has a sanguine view of what he considers “a correction” in this area’s once-blistering housing market.

After all, Huskey says, 36 percent annual appreciation (over the past five years or so) was more an anomaly than a birthright. And while he acknowledges that the slowdown in recent months hasn’t exactly been fun, he says once-ballooning inventories are beginning to shrink a bit.

“We think it’s moving in the right direction,” Huskey says of the all-important supply-and-demand equation. Those searching for a Florida mortgage loan are beginning to make their voices heard again.

As for beleaguered agents, Huskey tells them this is the sort of market that weeds out the serious agents from those who flocked to real estate because it was the hot industry. So keep your financial chin up! Buyers will soon return, applications for Florida home loans will be pouring in and, as this expert puts it:

“This is the very best time to build your business,” Huskey says.