Third Quarter 2009 Real Estate Assessment

Foreclosures have yet to show any signs of decreasing despite the government intervening to help homeowners avoid foreclosure. The commercial sector is starting to really feel the effects of the recession with many small businesses failing and unable to pay rent or mortgages. We expect there will be an abundance of commercial foreclosures to come in 2010. Distressed properties are still the majority of all real estate sales and will continue to be throughout next year. Many investors who have positioned themselves well in this market by liquidating during the real estate boom are anxious to get their money back into real estate due to low interest rates banks are giving them on their cash. However, these investors are still being patient realizing this market will probably not increase within the next couple of years and interest rates may soon be on the rise to avoid inflation.

The overall economy has shown signs of life in the 3rd quarter with retail sales slightly increasing but lenders are still very tight with money and the unemployment rate continues to increase. Some are fearful that there has been a small bump in the economy due to the stimulus money that has been trickling down and the economic rise is not sustainable after the federal money dries up. Real estate still seems to be the best investment in this economy and there will continue to be ample opportunities in the real estate industry during 2010.

Even though there is an abundance of property on the market right now, keep in mind we have yet to find a way to reproduce or manufacture real estate. Call us today at (863) 382-3887 or visit www.HeartlandRE.net for more real estate information.

HREC Welcomes New Agent Mikey Colding

Heartland Real Estate Corp. (HREC) is pleased to announce our newest agent, Mikey Colding.
Born and raised in the Hardee County, Colding began his real estate career five years ago. During that time he has generated more than $16 million in real estate sales while also operating a citrus caretaking business. His knowledge of agricultural and recreational properties compliments HREC’s experience and expertise in this area.
Whether your interest is in agriculture, commercial, conservation, recreation, residential or development real estate, we have the background and knowledge to help you. Please join us in welcoming Mikey to our terrific team. You can contact Mikey at (863) 781-1698 or MikeyC@HeartlandRE.net.

Marty Wohl Launches Marmer Construction

Marmer Construction & Development, Inc. is a newly formed company by Heartlands Real Estate Corp.s' Marty Wohl who has more than seven years experience in construction and land development. Brian Radonksi, who has more than six years experience in management for commercial and residential construction, serves as Marmer’s construction manager.

Based in Sebring, FL, Marmer has the expertise and capacity to meet every customer’s specific needs, including bonding capabilities. We offer more than typical construction firms because we want to be involved from the projects inception and see it through to the completion.

We can assist our customers throughout the entire development and construction process, such as:
*Site selection to ensure development
*Assistance in the permitting process with the engineering firm
*Assistance in design of the structure with the Architect of Draftsmen
*Provide value engineering ensuring customer meets budget parameters

With more than 13 years of combined experience in construction, Marmer takes pride in offering high quality construction at affordable prices and will completely stand behind our work. We look forward to helping you construct your next project, and feel confident we will build a relationship for future endeavors.

Contact Marty today at (863) 314-9851 for all your building, construction and development needs.