Home sales in the Pinellas and Hillsborough county areas are increasing and that increase has taken place 8 straight months in a row! According to the Florida Association of Realtors the Tampa Bay/St Petersburg area sold a total of 2,326 single family homes in April which is up 11% from April 2008 when the sales where 2087. The median sales price in April was $135,200 which is a drop of 23 percent from last year's $176,000 partly due to the low listing prices from the large amount of foreclosed home sales flooding the market. There is a hopeful sign in the numbers as the median home price in Jan was 122,400. Even a slight increase to the current 135,200 in April's median home sales is a positive sign for the St Petersburg area. With the new bill from the State of Florida allowing First Time Buyer's to borrow their tax credit for their down payment until next year's tax refunds the St Petersburg housing market should have an excellent 3rd quarter!
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Click here is you need more information on the most popular mortgage loan with the easiest qualifications and lowest down payment, the FHA Mortgage Loan
First time buyers that are in the Military or are Veterans can also take advantage of the down payment assistance loan utilizing the VA Mortgage Loan
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