PAGE 3 - October 1, 2008
The Newscaster/Nature Coast News
Citrus Sheriff Department Working Home Buyers Standing On The Sidelines
With Teen Drivers
Guest Commentary by Nancy Lewis
In the past week there were 64 news listings and 21 closings. The average selling
By Newscaster Correspondent
price, $167,431.00. The average days on the market, 236. When I started in real estate the
deaths. According to the Insurance Institute
Sally Price
average sales price was $150,000.00 with the average days on the market, 110. The average
for Highway Safety reports that 54% of mo-
sales price has gone up 9%, the days on market have increased by over 100%. 26 homes
Citrus County Sheriff's Office Ser-
tor vehicle crash deaths occur on Friday, Sat-
went pending over the past week, pending sales show an average list price of $173,358.00.
geant/School Resource Officer Ron Frink is
urday and Sunday nights between 9:00 PM
With lending tightening it will be interesting to see how many homes actually make it to
working with the CCSO program called Teen
and Midnight. The state of Florida is one of
closing. Banks are scared of taking on any new loans that might end up in foreclosure.
Driver Challenge. The program consist of 2
the highest in the nation for teenage vehicle
Banks are finally getting smarter. At a time when our country is getting ready to vote on a
training days, 4 hours of instruction and then
collision deaths. 62% of the teenage deaths
$700,000,000,000.00 bail out package, banks are scrutinizing peoples credit and making
a full day of vehicle operation. According to
are actually the passengers in a car with a
decisions on the buyers ability to repay on time. Too bad they weren't doing this over the
the National Highway Traffic Safety Admin-
teenage driver. When a teenager is involved
past 9 years. The housing boom started in 1999, people started asking the question, when is
istration teens are involved in 3 times as
in a fatal crash, 38% of the fatal victims are
the bubble going to burst in the middle of 2005. It took 3 years for the housing market to
many fatal crashes as all other drivers. Spe-
in the other vehicle that are struck.
implode from the strain of the weight of bad loans.
cific behaviors associated with the high fa-
For those who have been here a fairly
Buyers have been standing on the side lines waiting for prices to hit bottom, caus-
tality rate are inexperience combined with
long time, Ron is the son of former 13 year
ing homes to linger on the market longer and longer. I am currently working with more
speed, alcohol-related driving, not wearing
Yankeetown residents Art and Peggy Frink.
buyers at one time right now that I have in a long time. These buyers realize that if they don't
safety belts, distracted driving (cell phone
Ron reports his parents are doing well since
make a decision now they are going to see prices starting to rise as we see the market start
use, other teen passengers, etc), drowsy driv-
moving to Pine Ridge and traded sailboating
to turn upward over the next few months.
ing, nighttime driving and drug use and con-
for RVing. They just returned from an ex-
No matter what we think about the bail out, there truly is no choice. This is not a
tribute to this high percent of preventable
tended trip to Canada.
wall street issue, it is a main street issue. It is an issue that is going to affect each and
I Stand Corrected
everyone of us right here on the Florida's Nature Coast, if not passed. The depression of the
When the check was presented by Big Oaks to the fire department I used Inglis Fire Depart-
1930's will pale in comparison to what we will see today if the bail out is not passed. We
ment instead of their accurate name of Inglis Fire Rescue. I did not verify the year 1971 I
have much more at stake today than we did 78 years ago. The 1930's were a much simpler
was told which was a later date for the IFR forming. I also left Inglis Fire Commissioner
time. We have become EXTREMELY spoiled over the past 78 years.
Edward Michaels name off who was on the far right in the picture. Sally Price
We are the longest surviving democratic society in history. The past democratic
societies have failed because the people realized they could vote money into their own
NICE, NEAT & CLEAN 3 bed-
coffers causing the society to collapse. You have to ask is that what we are doing now.
However if we don't do the bail out, we face certain economic collapse.
room with newer flooring and ap-
If you want to know what is happening in the market, Don’t watch stocks…stock
pliances, carport & fenced back-
traders almost always get it wrong in the short run. Watch the credit/bond markets. To
yard. Lease with option to buy at
receive my newsletter, email me at nancylittlelewis@aol.com, or call 352-302-6082.
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