Steve Eckhardt's Tampa Bay Area Luxury Real Estate Blog

By
Real Estate Broker/Owner - Cornerstone Properties International
Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home.
RECENT BLOG POSTS
In a report released by IHS Global Insight, using statistics from the end of 2009, titled House Prices In America, Sarasota area home prices are 27% undervalued and Tampa area home prices are 20% undervalued. In the report, IHS deemed the country as a whole slightly undervalued.  When all of the ...
03/24/2010
TALLAHASSEE, Fla. - March 23, 2010 - Attorney General Bill McCollum wrote to legislative leaders on Friday urging them to take note of the potential for "massive" foreclosures on commercial real estate, as more than $1 trillion in commercial real estate loans from Florida's most recent big boom a...
03/23/2010
Tampa Bay homes sales for February improved year over year.   2,050 homes sold last month in the Tampa Bay area versus 1,856 in February 2009.
03/23/2010
90% of home buyers used the Internet to search for homes in 2009.  40% used newspapers, and 26% used a home book or magazine.  Real estate classified advertising is being hit especially hard. Mega publisher McClatchy is down 29.4% in real-estate classifieds revenue. Likewise, Gannett's real estat...
03/10/2010
Just Listed - $2,499,900.  This 3.78 acre parcel off Gulf Of Mexico Drive and Bay Isles Road lies just North of Longboat Key Club on beautiful Longboat Key.  Initially zoned commercial, the property was rezoned to accomodate 12 residential units.   Contact Steve Eckhardt, Broker, Cornerstone Prop...
03/07/2010
Fannie Mae, the country's largest mortgage financier, says it needs another $15.3 billion to tide over the current housing crisis. The company posted a loss of over $ 70 billion in 2009 compared to $ 58.8 billion losses in 2008. Fannie's losses were mainly on account of $11.9 billion in credit ex...
03/02/2010
For the second month in a row, homes sales in the Sarasota area bucked a national decline, but the region saw pricing erode for the first time in months.  Sales were up 30 percent in the Sarasota-Bradenton market compared with a year ago.  While January's median sales price in the Sarasota-Braden...
02/27/2010
According a quarterly report from the National Association of Home Builders and Wells Fargo, the typical American family, who makes the nation's median income of $64,000 a year, could afford to buy 70.8% of all homes sold in the United States during the last three months of 2009.   That's off jus...
02/18/2010
Starting early this summer, the Federal Housing Administration (FHA) is tightening lending standards in an effort to bolster its dwindling reserves. The new lending standards will make it tougher for prospective FHA buyers to purchase a home by requiring a higher down payment than the typical 3.5...
02/11/2010
This afternoon I was invited to attend the re-listing of Matt Geiger's (former NBA star and Tampa Bay native) 30,000+ square foot Estate about a half hour North of Tampa in Tarpon Springs.  Initially listed back in May of 2007 for almost $20 million, the new listing brokerage, Engle & Volkers, h...
02/05/2010
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Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker
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