Kooliks Optimistic for 2009!

Every four years, the race for the Presidency brings a unique feeling of both opportunity and uncertainty. This upcoming year is forecasted to be one of many changes in all areas of the economy. "Right now, we are seeing the government work hard to bring forth new mortgage programs. says Elliot Koolik.

With plans to create future jobs, salary increases and the possibility of a new stimulus package, the housing market has a lot to look forward to. Recently, the government has discussed possibly using $50 to $100 billion of the remaining $700 billion Troubled Asset Relief Program to use towards reducing foreclosures and an $825 billion stimulus package.

“We’ve seen an increase in activity lately with a lot of foreign investors continuing to show their confidence in the U.S. real estate market.” says Elliot Koolik. According to a survey released by the Association of Foreign Investors in Real Estate, foreign investors are planning to spend significantly more this year than 2008. Foreign lenders are planning to increase loans by 58% in U.S. according to transactions completed in October.

Mortgage rates are now at a record low and buyers in Florida are taking advantage of the tremendous opportunity offered in the real estate market. The median sales price in Palm Beach county rose between October and November 2008 and the same is expected to come in the future months.

“Elliot and I know that the economy will continue to push through and begin to turn around. says Wendy Koolik. Florida is one of the most popular states and it’s a fact that tourists, both local and foreign, flock to Boca Raton to partake in our beautiful weather, sandy beaches and our wonderful cultural community.” “The fundamentals of why people want to live in the Boca Raton area have not changed. We always seem to have a constant flow of people, between the baby boomers, young families, relocations, and international buyers who want to live and visit our warmer weather. says Elliot Koolik. I believe that the Boca Raton area will be able to bounce back a lot faster than other communities.”

The Kooliks believe that it is important that we as a community have a positive attitude and remain optimistic. “We should not allow the media to create a “self-fulfilling” prophecy and paint a picture of our real estate market as doom and gloom. Deals are being done everyday when realistic buyers and sellers come together.” says Elliot Koolik.

“The reality is that it’s easy to be optimistic about the future when you think about the fact that there is no denying that the Greater Boca Raton/Delray Beach area is still and will always remain a top destination.” says Wendy Koolik.