Steve Eckhardt's Tampa Bay Area Luxury Real Estate Blog

Real Estate Broker/Owner - Cornerstone Properties International
Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home.



For the second time in less than 3 months, Fannie Mae announced changes to its mortgage guidelines.  The updates are meant to reduce the mortgage firm's overall risk. The first major change is with respect to credit scoring.  All Fannie Mae loans -- whether underwritten electronically or manually...
Sales of homes for more than $1 million are 50 percent lower than their all-time high, in July 2005, according to the firm MDA DataQuick. That's twice as bad as the downturn for housing of all price tags in the same time period.  There's a definite flip side to that market statistic, though: If y...
Tampa Bay home sales rose 17 percent between August 2008 and August 2009, but slowed from their relatively brisk pace in July. Realtors reported 2,370 sales in August, up from 2,029 a year earlier. The median sales price declined 17 percent the past year from $173,900 to $144,600. Visit www.Searc...
Are you looking at homes for sale in Tampa Bay and feeling overwhelmed by the choices? Back in the Dark Ages before the Internet (1986 or so), if you wanted to look at a house, you had to call a real estate agent, find out the address and then physically drive to the house. Thanks to the Internet...
Contract activity for pending home sales has risen for six straight months, a pattern not seen since the index began in 2001, according to the National Association of Realtors®.  The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2% to 97.6 fr...

Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker
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