The amount of Tampa real estate sales is still going at record lows. The Greater Tampa Association of Realtors reported Hillsborough county residential sales in August 2008: 944 and In July 2008: 1003.
The amount of short sales has increased in the Brandon, Valrico, Riverview and Apollo Beach. The log jam is with the mortgage companies who sometimes appear to be un-willing, under staffed or just not doing enough to help move those homes. In north Tampa listings like 2005 Blind Pond on the market for about 2 weeks has had several showings no offers ,http://mfr.mlxchange.com/Pub/EmailView.asp?r=530457720&s=MFR&t=MFR gets attention but no offers.
At the higher end 18911 LAKES EDGE WY, ODESSA on the market for 459 days not a short sale , sits as well http://mfr.mlxchange.com/Pub/EmailView.asp?r=1076854734&s=MFR&t=MFR
The first time home market is the most active with the luxury end seeming un-affected. Mortgage companies could help this crisis by establishing acceptable transaction pricing early in the process. This will help break the log jam in all markets.
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