new homes: 2020’s Effects on Tampa Bay Real Estate
- 12/29/20 12:38 PM
A Reflection on How the Unprecedented Events of 2020 Changed Our Real Estate Market
If someone told us in 2019 what was to happen the following year, we would not have believed them. From second graders learning through Zoom to one-way arrows in supermarket aisles, all aspects of our everyday lives have been impacted. The lockdowns in early spring especially affected those in the service industry. Restaurants relied on curbside pick up and hotels adopted new cleaning processes and precautions.
The real estate industry was no different. Masks, gloves, and sometimes shoe … (1 comments)
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new homes: Florida Real Estate Sales Double Compared to Last Year
- 09/25/20 12:39 PM
When Florida comes to mind, many used to think of a vacation spot or a place to eventually retire. This has all changed over time, but especially in 2020. Florida has become one of the hottest places to relocate due to the Coronavirus. According to the Daily Mail, around 950 people move to the Sunshine State each day. According to a Douglas Elliman August report, new contracts for single-family homes and condominiums continued to rise in Pinellas and Hillsborough County — after having doubled in July.
The Coronavirus lockdown resulted in many people reflecting on their lifestyles, especially work from home orders … (0 comments)
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new homes: How the 2020 Pandemic is Affecting Homebuying Trends
- 09/04/20 12:49 PM
Buyer Preferences Shift as COVID Changes Our Daily Lives
After months of lockdown, many homebuyers are rethinking what they want in their next home. Although the pandemic will not continue forever, it will have some long-term effects on our lifestyles and how we feel about public gatherings. During the quarantine, many people’s homes became their office, gym, and restaurant. The changes we made to our lifestyles during this time have changed what we want out of our living spaces.
When restaurants closed, we were limited to our homes to indulge in some good food. Luckily, many local restaurants opted for takeout options, even … (1 comments)
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new homes: Real Estate Pulse from Tampa Bay
- 07/24/20 09:15 AM
New Home Sales on the Rise Due to Pandemic
New stats have come in via LinkedIn that shows an interesting real estate market trend. New home sales have jumped a whopping 55% since last year.
This is a HUGE increase! We are observing that more and more people are taking a preference towards less congested areas with their own living space. This is not only due to COVID and the lockdown, but many millennials have begun to settle down and have families. The mortgage rates also have increased buyer interest in homes of all types!
New construction homes are gaining more … (1 comments)
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new homes: Why Use A Realtor for Your New Construction Purchase?
- 11/18/16 02:08 AM
Searching for a home to purchase? You’ve probably noticed the increasing inventory of new construction homes available. Builders are developing new communities all over Florida, especially in the greater Tampa Bay area. If you’re ready to start exploring the option of purchasing a model or builder home, don’t go it alone! There are countless advantages of having an agent with connections to builders and the community, along with new construction experience, by your side for a new home purchase… Always use a Realtor ®
As you admire the freshly built model home, you may be surprised to learn that the “new home … (3 comments)
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new homes: Why Use a Realtor in a Competitive Real Estate Market
- 05/27/16 03:23 AM
With the housing demand exceeding the supply in markets across the U.S., homebuyers may be facing quite the challenge to find the perfect home this spring. The total housing inventory at the end of February 2016 was 1.88 million, 1.1 percent lower than last year leaving us with an unbalanced market between home buyers and sellers. In Tampa, there are less homes than buyers and clearly we are in a seller's market.
In competitive markets such as these, it is incredibly important that homebuyers and sellers work with a Real Estate Professional. Realtors who have the National Association of Realtors Accredited … (0 comments)
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new homes: Tampa Real Estate & Builder Pulse: New homes abound around Tampa
- 10/27/14 06:22 AM
A New Home may be the very best option for you to review!
“Thousands of new homes are under construction in the Bay Area.” According to the WFLA and the Tampa Bay Builders association, Tampa Bay has been booming with constructions. Since 2011, the housing market has been steady, and new home building has been slowly increasing. This could be due to the continuously low interest rates on mortgages over the past 2.5 years. There are at least 3,000 new home construction starts in Tampa Bay this year, and there are still more coming.
Why new homes? There are … (1 comments)
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new homes: Flood Insurance Affordability Bill has been passed!
- 03/14/14 12:56 AM
Great News for Real Estate Market
On March 4th, 2014, the Homeowner Flood Insurance Affordability Act was passed overwhelmingly by the U.S. House! Thousands of realtors across the United States have already expressed their excitement about this newest development. Since the beginning of 2014, over 40 000 home sales have been lost because of unreasonable premiums on flood insurance. Once again, the housing market became once again more affordable. Homeowners and home buyers no longer have to be afraid of once again increasing flood insurance rates.
Here at SI Real Estate, we had our own experience with the flood … (0 comments)
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new homes: Realtors and Home Builders Working Together
- 12/20/13 02:04 AM
New home sales are an integral segment of the continual stabilization of the real estate industry, especially in recent years, and the relationships between home builders and Realtors are allowing for the increased volume of sales.
E.J. Atchner, Senior Vice President of Bank of America, notes that ‘many builders, regardless of their size, are taking a much more collaborative view of partnering with Realtors than in the past.’ An incredible 66% of all new homes sold in 2013 were original prospects of Realtors that were introduced to home builders, according to the National Association of Realtors’ 2013 Buyer Profile Survey, … (3 comments)
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new homes: New Homes in East Tampa for Sale! The Claypool starting at $205K!
- 11/28/12 12:01 AM
Come home and enjoy this community of newly constructed homes which are conveniently located in Tampa Bay. This community provides the perfect blend of amenities such as resort style pools, playgrounds, and wetland preserves and is conveniently located only 10 miles from the downtown Tampa business district.
If you are looking for a luxurious home with space to grow and stretch, look no further. Upon entering the home, you are treated to a flex room which would be great for office space or a play room. The kitchen and living area provide great open space for a large gatherings or … (0 comments)
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new homes: The National Association of Home Builders Fights to Extend the $8,000 First-Time Home Buyer Tax Credit
- 08/12/09 08:19 AM
An Extension Could Mean More Jobs and Stronger Economic Stabilization
Home builders, finally seeing positive movement in the housing market, are fighting to extend the $8,000 first-time home buyer tax credit for an additional year. As members of Congress return home for the August congressional recess, the National Association of Home Builders is urging its more than 200,000 members to contact their lawmakers, asking them to help create more jobs and set the stage for a strong recovery by extending the credit program.
"If Congress acts to extend the tax credit program, it would spur 383,000 additional home sales, including 80,000 housing … (2 comments)
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new homes: Home Builder Housing Market Index at Highest Level in Nearly a Year
- 07/20/09 10:27 AM
The National Association of Home Builders (NAHB) announced that its July housing market index climbed to the highest level it has been in nearly a year, as improved sales conditions boosted confidence in the market for new single-family homes. The index rose to 17 points, two points above last months index and the highest it has been since September of 2008.
"Builders are seeing slightly better sales conditions this month as consumers take advantage of the first-time buyer tax credit, low interest rates and attractive home prices," said NAHB Chairman Joe Robinson.
A rise in the home builder index is a … (0 comments)
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new homes: Consumer Confidence on the Rise
- 06/19/09 08:30 AM
Consumer confidence recently saw its most dramatic rise in eight months, showing Americans are regaining their confidence in the U.S. economy. According to the Conference Board Consumer Confidence Index, which had improved considerably in April, May saw an even larger increase. The Index now stands at 54.9, up from 40.8 in April. May's level is the highest since last September's level of 61.4
According to Lynn Franco, Director of The Confidence Board Consumer Research Center, consumers are considerably less pessimistic than they were earlier this year, and expectations are that business conditions, the labor market and incomes will improve in the … (3 comments)
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A Reflection on How the Unprecedented Events of 2020 Changed Our Real Estate Market
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