rent: Real Estate Rewind: 2016
- 12/16/16 12:49 PM
Now twelve months into 2016, we’ve had a big year in real estate! Between the Olympics, the elections and of course, real estate, many changes and trends have emerged.
Rent Vs Buy: Always a hot topic! Typically, consumers have assumed that renting is more affordable than buying a home. But, numerous factors have changed home buying in 2016, including credit reporting!
Have you checked your credit score lately? You may have seen an increase thanks to the new FICO 9 reporting system. Historically, the weight of medical bills negatively impacted consumer credit reports, but now, “A person’s credit score, with medical conditions, will … (2 comments)
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rent: Real Estate Pulse: Recapping 5 years!
- 12/31/15 01:27 AM
Real Estate Pulse: Recapping 5 years!
Active Housing Market keeps persuading buyers and now sellers
The last 5 years of the real estate market has been a wild ride to say the least. In 2010, first time home buyers increased dramatically over the norm due to the large tax credit given out by the federal government. That triggered the highest number of first time buyers ever. While this group accounted for half of the homes purchased in 2010, the other key players were the international (cash) investors who were purchasing the rock-bottom-priced inventory. This same group of investors and first time home buyers … (1 comments)
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rent: Real Estate Pulse: Tampa’s Rental market is on fire! Act on it.
- 06/12/15 06:49 AM
Real Estate Pulse: Tampa’s Rental market is on fire!
Act on it or the property will be gone in a flash!
SI Real Estate is a full service real estate boutique in Tampa Bay, including property management. We have seen a significant increase in rental activity since February, 2015. As the year has progressed, so has the interest in Tampa’s rental market! Right now, our agents are finding that rental listings are gone in a New York minute. We are receiving calls and emails from an abnormal amount of new residents relocating to our area, causing the demand to drastically outweigh the … (1 comments)
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rent: Proud to Serve Tampa Bay
- 01/24/14 04:36 AM
The Tampa Bay area is a very high-paced growing metropolitan area, and it is home to many major corporations, health centers, and educational institutions. Whether you live in Tampa, St. Petersburg, Clearwater, or Sarasota, there are many intriguing business opportunities for hard-working people of all ages. Here at SI Real Estate, we proudly support local business and we diligently work with people from all parts of the greater Tampa Bay area.
In the past we have had the privilege to work with professors, students from the University of South Tampa and the University of Tampa, and many others purchasing their first … (0 comments)
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rent: The Next Real Estate Boom: Buy-To-Rent
- 08/02/13 12:58 AM
The year of 2013 has been proven to be an eventful time for the real estate market, especially here in Tampa, Florida. So far this year, we have discussed: the impact of international investors on the recovery of the housing market, the significant presence of Millenials as first-time home buyers, the recent mortgage rate activity with predictions of what to expect, the low housing inventory levels, and the encouraging signs of home value increases. So what can we expect to see as the next big move in real estate?
The latest headline to grab the attention of the Tampa market … (0 comments)
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rent: Foreign Investors Cashing in on U.S. Real Estate
- 06/18/12 06:03 AM
According to the National Association of Realtors, foreign buyers accounted for $82.5 billion spent in the residential real estate market for the twelve month period ending in the first quarter. That equals about 8.9% of all residential real estate transactions. Investors from Canada, Asia, Europe, and Latin America are all eager to invest their money into U.S. real estate. The weakness of the U.S. dollar compared to some currencies is an additional market factor as to why some investors like the odds of what some claim to be a “risky bet”.
Recently SI Real Estate has seen an increase in … (0 comments)
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rent: 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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rent: Pending Home Sales Up in March
- 04/30/12 07:05 AM
Pending home sales see a 4.1% increase from February to March 2012. These figures have increased 12.8% since last year at this time, which is also the highest it has been since April 2010. Lawrence Yun, chief economist for the National Association of Realtors, says, “The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions… which also means home prices will be rising in more areas as the year progresses.”This information is simply information, unless you use it to your benefit when mapping out your Real Estate Goals. Call SI today … (0 comments)
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rent: Homes Are Now More Affordable Than Ever
- 04/24/12 02:01 AM
A recent study conducted by the National Association of Realtors shows that housing affordability has been at an all time high thus far through 2012. The Housing Affordability Index is relative to median home prices, median home income, and average home mortgage rate. Buying power is the result of a higher index. Here in the Tampa, Florida market, the Housing Affordability Index is higher than most cities in the country.
President of the National Association of Realtors, Moe Veissi, says the most recent study highlights the opportunities that more and more people are ready to buy, and some may not … (2 comments)
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rent: Home Ownership - Still Preferred Over Renting
- 04/05/12 06:48 AM
Do you ever hear someone say, “One day I wish to rent my very own home”? It doesn’t happen! It simply doesn’t exist. Most people today think owning a home makes far more sense than renting a home! In fact, 70% current tenants believe that home ownership is something they definitely would like to be a part of. Many consumers still value the idea of calling a home their own.
Fannie Mae’s last quarterly National Housing Survey showed that the desire of home ownership among many Americans still strongly exists. Their findings were quite interesting and may be applicable to … (2 comments)
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rent: Real Estate Truths: Rent vs. Buy
- 05/04/11 03:42 AM
There is so much news on the health of the real estate market every day. Many people are waiting until the market fully recovers before investing in real estate but some are not waiting. What if experts suggested however that buying a home is actually cheaper than renting?
The newest studies of 50 of the largest cities in America are suggesting that it is a smart decision to buy and cheaper than rent in the same area. Trulia just released a new chart with varying factors that show which of the 50 largest cities is better to buy vs. rent a … (3 comments)
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rent: Four Most Important Qualities in Selecting a Real Estate Agent
- 03/04/11 04:56 AM
When it comes to buying, selling or renting real estate it is important you find the best representation to work alongside you. What qualities are the most important when selecting a Real Estate Agent to help you:
Trust In making the decision to purchase, sell, or rent a property the most important quality to look for in your real estate agent is whether you trust them. They will be advising you on what the best home prices in the local market, they will be drafting legal contracts for you and you need to know they have your best interest at … (2 comments)
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rent: Why Rent in Tampa, Florida When You Can Buy?
- 06/18/10 08:08 AM
Many people have yet to take full advantage of the buyer's real estate market that still exists today in Tampa, Florida. While renting seems to be an easy option for many individuals, the benefits of home ownership far outweigh the benefits of renting. Drastically reduced home prices combined with historically low interest rates make this a fantastic time to buy.
Take a moment to consider the real estate facts. When renting a home, every monthly payment is going to pay off your landlord's mortgage. Not one dime is going into paying off anything for you. By making the sound investment decision, … (4 comments)
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Now twelve months into 2016, we’ve had a big year in real estate! Between the Olympics, the elections and of course, real estate, many changes and trends have emerged.
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