investors: A Glimpse Into The Real Estate Crystal Ball: Real Estate Forecast 2017
- 02/02/17 08:21 AM
As the buzz of New Year celebrations have settled down, many people are taking a closer look at the pulse of the real estate market for the year ahead. Whether you are considering buying a new home or selling your existing home, 2017 is looking like a promising year for your potential real estate transactions!
Kicking off 2017, Realtor.com has released their yearly forecast, predicting a sales volume increase of 4.17% across the southern Florida market. Despite South Florida’s strong population growth and stable job creation, 2016 saw a decrease in home and condo sales – making this year’s sales prediction music … (3 comments)
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investors: Don’t Forget About Your Rental Clients
- 02/21/14 04:20 AM
When working diligently, it is often disheartening for a Realtor to hear from clients, “I think I’m just going to rent for a while longer.” The hard work and countless miles traveled over the last month seem wasted, but is this really a waste? It is most definitely not. You never know what that relationship could develop into.
Some of the most successful real estate agents are those with strong interpersonal communication and networking skills. Those who provide an unsurpassed level of quality service for clients do not go unrecognized. Success in this industry is highly dependent on one’s ability to … (0 comments)
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investors: Millenials: Real Estate’s Largest Consumers
- 06/13/13 03:42 AM
We are hearing more and more about Millenials in the news, and how this new group of 90 million “Generation Y-ers” is finally reaching the time to consider homeownership. While many will point out that student debt and credit standards may keep these potential homebuyers on the sideline, even more hold high expectations that the largest demographic in the nation’s history will continue to be a major player in today’s real estate market.
Encouraging signs that timing is working in favor of the Millenials show that median debt of households made up of people ages 35 and below … (0 comments)
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investors: International Real Estate Buyers | Vital Role in Real Estate
- 06/07/13 06:22 AM
International consumers have always played a vital role in American economy. Today, more than ever, internationals from neighboring and distant countries are contributing to our real estate recovery both on a local and national level. Individuals from a variety of countries have homeownership increasing to around 36% from 2000 to 2010 and by 2020, it is expected that 50% of all home buying will be fueled by international home buyers. If those numbers don’t seem significant, consider 100 billion worth in mortgage loans!
Florida is a “gate way” state in which many internationals choose to invest. Our close proximity … (0 comments)
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investors: Tampa Real Estate Pulse | Discounts Are Gone
- 03/13/13 02:59 AM
As we continue to witness the real estate recovery and its effect on our Tampa market, many home buyers and investors are scratching their heads and wondering where all the “great deals” went? Tampa, Florida has seen inventory fly out the window. Along with that inventory went most of the homes that investors and home buyers were seeking out. The FNC has recently reported that the price between homes’s foreclosed value and original market value is finally beginning to close. The average price discount for a distressed property was around 25% of the homes market value. By the end of last … (2 comments)
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investors: Prices to Increase for Rentals | Many May Sway Towards Purchasing
- 06/07/12 05:29 AM
A recent study done by Marcus & Millchap, shows that rental prices in Florida may see an increase in the last half of 2012. They cited improving job rates, less apartment inventory, and declining vacancy rates as the main contributing factors to the expected increase in rental costs. Larger cities like Miami, Tampa, and Orlando may feel the increase more so than smaller markets such as Sarasota or Bradenton because the smaller markets usually have somewhat higher vacancy rates. Here in Tampa, Florida, we have seen this trend first hand with our investors and landlords expecting increases in rental rates.
This … (0 comments)
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investors: Florida to Reap Benefits of Real Estate Owned to Rental Investors
- 04/13/12 04:58 AM
Florida’s abundance of REO inventory could be a blessing in disguise for national and international real estate investors. According to Core Logic, the single family home rental market is stable and shows a good amount of activity. This has the potential to give these investors return on investments that are far above most in the country. The predictions come from examining the capitalization rates amongst many different markets nationwide, and Florida, coupled with a few states in the mid-west, are at the top of the list. The rates are calculated by assessing the annual cash flow relative to the price at … (0 comments)
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investors: Real Estate Tampa: One of Top Ten Cities for Rental Properties
- 07/22/11 07:58 AM
More good news in the Tampa real estate market this week, Tampa ranks in the top ten cities for rentals. This information was provided by CNN Money.
According to their report, the labor market is on the rise, down a point in the last 12 months to 10.5% and this coupled with demand is expected to raise rent 12% over the next three years.
What does this mean to consumers? If you are in a position to purchase a home, now is the time! Prices are increasing, our last blog, Tampa Bay Housing Prices on the Rise we shared that … (0 comments)
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investors: Tampa Real Estate Market is Moving, SI Real Estate Seeks New Agent
- 03/09/11 08:15 AM
Over the last couple of weeks, SI Real Estate has been posting updates on what we see in the Tampa real estate market. We have shown trends of Housing Affordability being the highest in 20 years, we have discussed that Tampa, Florida is one of the most searched real estate markets online, and the large increase in Purchases and Multiple offer competitions in the Market. All of this adds up to the conclusion the market is changing and we want to be ready for it. SI Real Estate is front and center in the Tampa Bay real estate market we are … (0 comments)
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investors: THE TIME TO BUY IS NOW!
- 01/05/11 05:15 AM
Real estate conditions in Tampa, Florida make it genuinely a "Buyer's Market" now. Whether you are a first-time home buyer, a move-up home buyer, vacation or second home buyer, or a real estate investor, THE TIME TO BUY IS NOW!!!
Take into account the fact that interest rates are hovering at near record lows. For those buyers are able to take advantage of interest rates at or below 5%, it is simply a smart business decision. The combination of fantastic interest rates bundled with record affordability of property prices makes it a no brainer.
Right now appears to be the best … (0 comments)
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investors: SI Real Estate Wishes You a Happy New Year!
- 12/31/10 05:03 AM
2010 has been an exciting year for the real estate market in the Tampa Bay area. SI Real Estate has reported the year's real estate events on our weekly blog to keep our readers abreast of our ever changing real estate market. Major notable factors in the real estate market came into play producing a fast paced year of sales. The extension of the 2009 First Time Home Buyers Tax Credit into 2010 fueled the market for the first portion of the year. REO (bank owned) properties sold just as quickly as they came on the market, many seeing multiple offer … (3 comments)
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investors: Foreign Investors Not Scared of Housing Market At All
- 10/28/10 06:04 AM
The word is out...real estate in Tampa Bay and around Florida is a hot commodity for foreign investors! Not only is the weather hot in Tampa, Florida, so is the real estate market. International investors from Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuala are swarming to Florida for what they see as irresistible real estate deals.
According to msnbc.com's recent article, Foreign Investors Not Scared of Housing Market, "For the international investor class, the United States' bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer's market."
Peter Zalewski, founder of Condo Vultures, a … (0 comments)
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investors: Foreign Investors Buying Up Property in the U.S.
- 10/13/10 04:52 AM
The real estate market in Tampa, Florida and is seeing an increase in sales to foreign investors, and we aren't the only city witnessing this spike in foreigners purchasing real estate. Florida and many states across the nation have become target markets for international investors looking for a place to invest their money. Who can blame them? Real estate prices are phenomenal, interest rates are maintaining in the low 4% range, and the strength of foreign currency in relation to the dollar make this a smart investment choice for many.
Interestingly, this swarm of foreign investors could very well be what … (1 comments)
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investors: International Real Estate Investors Find Florida Real Estate Irresistible
- 09/21/10 06:38 AM
International buyers of real estate are purchasing homes, townhomes and all types of properties here in Tampa, Florida, and around the state. Tampa has long been known to be a destination city due to the abundance of sunshine, beautiful beaches, a world-renowned international airport, and world-class entertainment and amusement parks. Florida has a history of attracting European, Canadian and South American buyers due to its proximity to these countries. According to International Interest in U.S. Homeownership Increases, Realtors® Report, a recent article published by the National Association of Realtors®, "International buyers were reported in 39 states in 2010, but a slight … (0 comments)
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investors: Real Estate Statistics Greater Tampa Bay | Just the Facts!
- 07/23/10 09:35 AM
June 2010 real estate statistics compiled by the Greater Tampa Association of Realtors are in... The news is positive for our local real estate market in Tampa, FL. The number of properties that sold in June 2010 was at a phenomenal level of 2,069 - the best month for sales since December of 2006, the very peak of our market.
The statistics provided by the Greater Tampa Association of Realtors also showed the current inventory is at a multi-year low of only 13,514 homes, which translates to 6.5 months of inventory remaining.
One of the factors influencing this was the number of … (0 comments)
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investors: Real Estate Investors Just Know
- 06/21/10 04:29 AM
Now Is the Time to Buy Property in Tampa, Florida
Although U.S. real estate prices have taken a hit during the troubled economic conditions, there are reasons to cheer if you are looking for diversity in your investment portfolio. While the discounted prices may not be good for short-term investors who wish to purchase real estate in a booming economy and then immediately resell it for a profit, investors with a long-term vision see bigger opportunities. With the ever changing conditions of the U.S. real estate market, right now appears to be the best time for bargain hunters to grab cheap … (0 comments)
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investors: Foreign Buyers are Flocking to Florida Condos Again
- 06/11/10 07:18 AM
The Florida real estate market is enjoying a real boom in condo sales and many of the buyers are coming from abroad. International investors are showing their confidence in our real estate market and are snapping up condos, sometimes in bulk. A recent article in the Miami Herald titled, Foreign buyers are flocking to Florida condos again discusses this trend saying, "Lured by rock-bottom prices, international buyers are now flocking to buy Florida properties. It's especially true in countries where the currency is strong against the dollar."
Recent increases in real estate sales over the past several months have been in … (0 comments)
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investors: Mortgage Rates Fall to Lowest Level of the Year
- 05/25/10 04:49 AM
Tampa Bay real estate homeowners, sellers, buyers and investors - take note! There is good news today for anyone involved with real estate. MSNBC.com reported in an article titled Mortgage Rates Fall to Lowest Level of the Year that mortgage rates have fallen to the lowest level of the year.
Both 30-year and 15-year mortgage rates have dropped this past week. "The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent this week from 4.93 percent a week earlier. The average rate on a 15-year fixed-rate mortgage was 4.24 percent, down from 4.3 percent last week."
Home … (0 comments)
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investors: Housing Inventory Drying Up!
- 03/03/10 02:32 AM
An interesting thing is happening in the Tampa Bay real estate market. Have you tried to put a contract out on a house that is unbelievably priced only to find that there are already several offers on the table? If so, you are not alone. Housing inventory is drying up. The drastic dip in supply is due to several factors. With fewer foreclosures, bargain basement prices on homes for sale, and incredible tax incentives being offered, investors and first-time home buyers are gobbling up Tampa housing inventory. Current demand has definitely reduced available housing supply.
The National Association of Home Builders … (2 comments)
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investors: FHA Has Lifted the 90-Day Seasoning Requirement!
- 01/22/10 02:01 AM
The Tampa housing market has been hit hard with a glut of foreclosed properties that have forced home prices to spiral downward, along with most areas in Florida and the rest of the nation. HUD Secretary Shaun Donovan has announced a temporary policy to ease FHA 90-day seasoning guidelines to facilitate the sale of foreclosed properties, which should bring price stabilization to the real estate market in Tampa, Florida and other areas across the country.
FHA has prohibited insuring mortgages on a home owned by a seller for less than 90 days. This has slowed the sale of many foreclosed … (0 comments)
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As the buzz of New Year celebrations have settled down, many people are taking a closer look at the pulse of the real estate market for the year ahead. Whether you are considering buying a new home or selling your existing home, 2017 is looking like a promising year for your potential real estate transactions!
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