Florida Real Estate is booming according to Home Depot.

**realestatefla1** · 06-08-2007, 03:05 PM

I don`t know about you, but in our area there are 5 Home Depots within a 10 mile radius.
They all seem very busy each one is jam packed with cars. The one near my home in Davie is especially crowded on the weekends with people like myself who enjoy gardening.
That being mentioned how does this benefit or effect the Real Estate market? After all isn`t there a major correlation between the two?
I decided to conduct an impartial survey this morning as I traveled to two Home Depots in search of lockboxs. In one store there were none and better yet,they wouldn`t receive a shipment until next Thursday, the manager of the store explained that they normally receive 40-45 a week and they fly off the shelves!
How many uses are there for lockboxes except to place on a door knob?
One the second try we got lucky,there were 3 lock boxes which i snapped up immediately. I asked to speak to the store manager and he was kind enough to give me 10 minutes of his time.
The conversation is as follows:
Me: It appears that there are alot of construction workers in your stores buying windows,doors,paint,and lumber. Is it always this busy?
Manager: It`s slow today, we sell 10 palates of 4x8 ply every two days,which is nothing in comparison to the other stores...
Me: So, the construction work is still very lucrative in spite of what we`re hearing from the media,huh?
Manager: Building supplies are rocking and rolling roof supplies are almost equal to last years sales. We`re still very active, for this time of the year.
Me: I don`t understand, the media keeps telling the public that "Home Sales" are at a halt.
Manager: I don`t know anything about the media, nor do i care, it does seem that more people are investing in their homes and business is steady seven days a week. Paint supplies,carpet,window treatment,and lawn supplies are moving rapidly. We just started placing generators in the front of the store, this time of year people are slowly starting to buy.
Me: How do you see the Real Estate market? Many Floridians are scared that home sales are dead.
Manager: I can`t predict the Real Estate market,but HOME DEPOT is certainly looking to expand in the South East. They`re goal is to put a Home Depot on every street corner if they had it their way!
We shook hands and he smiled. It seems Home Sales are indeed moving faster than how the media percieves.It does appear that the worst just maybe over.Why else would anyone be purchasing all these supplies?

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**Codythebest** · 06-08-2007, 04:37 PM

Automatic transmission business is booming. I know, I'm a Real Estate agent....I mean...C'mon...

**realestatefla1** · 06-09-2007, 04:33 AM

Some of you have no concept of the use of words. Do you understand what a satire is? It`s a play on words. Nothing more.

**leadsearchsolutions** · 06-20-2007, 07:09 PM

Up in Asheville things are booming. And 3 of the top ten cities searching for real estate online are from florida. Maybe they want to fix up their place before they move here?

**Codythebest** · 06-21-2007, 05:15 AM

Same here. 50% of buyers are Floridians...

**Rich_in_CT** · 06-25-2007, 12:16 PM

Lockboxes are only flying off the shelves because the inventory is 3 times what it used to be.......

**roofline** · 07-21-2007, 06:41 AM

It's true, people are fixing up there homes, down here and getting ready to put on the market, I just lost a couple of sub contractors to S.C.

It is getting too expensive here.

**Shaune** · 07-30-2007, 02:06 PM

I'm in Southwest Florida. I believe Home Depot's success may stem more from refinances... Existing home sales are still fairly stagnent, my appraisal orders are pretty consistantly for refi's right now. I did do a sale on a condo recently originally listed at $279, under contract for $173, similar floor plans currently listed at $149... 4 sales in 6 months, 28 similar listings... Competition is fierce!

**roofline** · 07-31-2007, 09:04 AM

Competition is fierce, appraiser's you to can check out worldhomes4sale.com. on the internet. As for home sales, there are still many homes for sale on our street in south florida, listed for over a year now, nothing is moving, but re-finances in our area per neighbors are making the economy move, especially at home depot, lowes etc. plus people are getting out of town and moving, even if the house is for sale.

**REbuyersgroup** · 07-31-2007, 12:52 PM

The last time I was in Home Depot you could hear a pin drop. Hardly anyone in the store.

I was actually able to walk right up to a checkout counter and not have to wait in line.

No this was not 3:00am.

More like 2:00pm on a Tuesday.

All the major DIY places are getting killed in the stock market. I guess we can wish all was well.

There is no reason for a poor Real Estate economy with low interest, low unemployment, currently lower home prices, decent stock market.

I think the problem may be the banks fault but lending more money than people could afford (Savings and Loan Scandal, remember RTC) Forclosures create over supply and reduce values of the surrounding properties.

If everyone can just hold on, and not panic, we will be just fine. This is not 1929.