foreclosure: Boomerang Buyers: Home Buyers who went through financial distress - 09/11/13 04:55 AM

There is new hope on the horizon for those who lost their homes due to the recession. The current administration has created a new rule regarding the waiting period for obtaining a new real estate mortgage backed by the Federal Housing Administration.   Previously, home owners who experienced a foreclosure or bankruptcy had to wait for three years before they could apply for a new mortgage. The new regulation makes it possible for those who have repaired their credit score, can prove their income, and have gone through a full recovery, to be eligible for a new mortgage loan in as little … (0 comments)

foreclosure: Tampa Florida Real Estate Market: Stability Projected for 2012 - 03/08/12 12:05 AM
As we continue to realize and search for positive signs of a real estate revival, some analysts are pointing to short sales boosting the Florida housing situation. Florida’s bank owned sales and short sales in 2011, hit the national average at 22 percent of all real estate transactions. What’s interesting about this is that the number of short sales has exceeded the number of foreclosures in Florida. State wide, Florida’s bank owned sales were down 32 percent, while short sales inched up 3 percent. This has a tremendous impact on homeowners who are, at times, being presented with great deals to … (0 comments)

foreclosure: Tampa Real Estate Market on the Move: February Update - 02/15/12 06:42 AM
Every once in a while we like to examine data compiled from Trulia about the local Tampa Bay real estate market.
Real Estate Facts: Tampa has seen a 6.1% increase in median home sale prices from November 2011 to January 2012 compared to this time last year.  Also increasing is the price per square foot in Tampa which is up 19.3% from this time last year.  High demand and popular communities that are seeing more activity than others are Tampa Palms, Bayshore Beautiful, Old Seminole Heights, Hunters Green, and Ballast Point.
Increases are nice to see in areas such as the ones listed … (2 comments)

foreclosure: Real Estate Trends | Spring has Sprung - 04/21/11 02:49 AM
As the flowers and trees start to blossom, there is another change in the air. With drops in foreclosure filings and a rise in the buying market, could Spring bring a new season for real estate?
According to an article published by Housing Wire, Housing starts rise 7.2 % in March 2011. This is after a long decline of months. The data is collected from Department of Commerce, U.S. Census Bureau, and the Department of Housing and Urban Development every month to compare to previous months and previous years. March reached the highest peak in 16 months.
Another noteworthy statistic to … (0 comments)

foreclosure: Tampa Real Estate Trends for Buyers/Sellers - 03/24/11 07:49 AM
The Real estate market is still changing. Homes are selling every day however, buyers have changed their expectations. Keeping you informed on what to expect when buying or selling a property in today's market.
1.       Buyers are opting for smaller homes
Constraints on housing market really have made buyers reevaluate what is necessary in their next home purchase. A study conducted by the National Association of Home Builders (NAHB) reveals that homes are expected to be ten percent smaller in the next couple of years. "To save on square footage, the living room is high on the endangered list-52 percent … (0 comments)

foreclosure: Real Life Real Estate...New Construction vs. Foreclosure - 03/17/11 06:49 AM

A hot topic for potential homebuyers is, should I look Foreclosures, existing older homes, or New Construction?  The hype lately seems to be on Short sales and Foreclosures. Bank owned properties are being snatched up by cash investors and we hear of bidding wars everyday in Tampa over bank owned properties. Investors have money to spend, and no desire to occupy the property personally, they can fix any issues that arise with no problems. It is very enticing for a buyer to see large discounts foreclosed and short sales but what else does a buyer need to consider when deciding … (0 comments)

foreclosure: Fewer People Behind on Home Loans - 02/24/10 06:02 AM
Experts tell us, the end of the foreclosure crisis is finally in sight.  This is good news indeed for the real estate market in Tampa, Florida.  "Housing is on a path to recovery," said Mike Larson, a real estate analyst with Weiss Research in a FloridaRealtors.org News and Events article titled Fewer People Behind on Home Loans.  Jay Brinkmann, the trade group's chief economist added the figures probably mark "the beginning of the end" of the crisis. 
In an effort to bring some relief to homeowners who are experiencing problems with their mortgage payments, the Obama administration's $75 billion mortgage-relief effort … (3 comments)

 
Nibal Elsaadi (SI Real Estate Tampa)

Nibal Elsaadi

Tampa, FL

More about me…

SI Real Estate Tampa

Address: 1046 W. Busch Blvd., Suite 100, Tampa, FL , 33612

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