florida: Jumbo Mortgage Rates Fall To Record Lows - 12/08/11 03:03 PM
The jumbo 30-year fixed mortgage rate fell to a new historic low of 4.68 percent, according to Bankrate.com’s weekly national research. The average jumbo 30-year fixed mortgage loan has an average of 0.4 discount and origination points.According to Bankrate’s survey, the average conforming 30-year fixed mortgage inched lower to 4.24 percent while the 15-year fixed mortgage held stable at 3.48 percent. Adjustable rate mortgages were generally lower, with the (blank) 5-year ARM dropping to 3.18 percent and the 10-year ARM inching down to 3.8 percent.Mortgage rates are very low, but based on the ultra-low levels of benchmark interest rates such as … (2 comments)

florida: Foreclosures In Florida Drop 59% - 05/13/11 07:15 AM
Foreclosures in April were a whopping 59 percent lower in Florida than a year ago according to statistics compiled by RealtyTrac.  Nationwide, foreclosure proceedings in April 2011 dropped 34 percent from April 2010.

florida: Florida's Existing Home Sales Surged In March - 04/21/11 02:06 AM

Florida's existing home sales surged in March, recording the single biggest month since late 2005. Sales of condos and homes jumped 36 percent from February to March, surpassing the national rise of 3.7 percent, according to figures from the Florida Realtors and the National Association of Realtors.  Seventeen Florida regions reported higher sales last month, and it's the fourth consecutive month that statewide sales have exceeded the same month in the prior year.  The study also noted that a full 35% of buyers were CASH BUYERS. 

florida: More Florida Buyers Are Paying Cash - 02/09/11 01:02 PM

With condos and homes selling for up to 60% off their all time highs, investors, move-up home buyers, and luxury home buyers are finding value in Florida real estate.  In December 2010, almost half of all buyers paid cash in the major markets in Florida. In the Tampa Bay area, over 44% of all buyers paid cash.  In Miami, over 54% of buyers paid cash.
Last year about 28 percent of all sales in the U.S. were cash transactions, according to the National Association of Realtors®. In 2008, the rate was only 14 percent.   In the last week, Zillow, The Wall Street … (0 comments)

florida: Brookings Economic Recovery Ranking Shows Tampa Surpassing Miami and Orlando - 12/11/10 03:46 PM
The city of Tampa is showing its strength in recovering from the recession. In a study of the economies of 150 cities worldwide before, during and after the recession, Tampa ranked 74th in terms of economic growth from 2009 to 2010. This was a huge improvement from its 120th ranking over the 2007 to 2010 period. its ranking was even better during the 1993 to 2007 period, when it ranked 83rd.
The 150 cities studied by Brookings Institution in its Global Metro Monitor were chosen not by their per capita income, but by their positions as areas of high-value and high-impact economic activity in … (0 comments)

florida: Homestead Exemption… Now’s the Time to cash in! - 11/08/10 02:10 PM
Now is the time to purchase a new home if you plan on taking advantage of Florida's homestead exemption next year!!  You will want to make the most of this Buyers Market in the next couple of weeks to benefit up to $50,000 in tax exemptions in 2011.
Realtor friend Maria Norton reminds us that technically part of the Florida Homestead Exemption, the Save Our Homes Amendment goes one step further in protecting homeowners by limiting the annual increase in tax assessment to 3 percent per year for properties that qualify. That means that even if the value of your home … (2 comments)

florida: Florida's Population Grows Again After Taking A One Year Hiatus - 09/03/10 04:07 PM
In the years 1950 through 2008 Florida grew by more than 125,000 residents every year.  But, for the year April 2008 through 2009, Florida lost residents for the first time in over 61 years.  Last year's population decline, a result of the economic slump, was the first since 1946, when military personnel left the state at the end of World War II.  It seems as if that slump has come to an end after just one year.
In the latest report from April 2009 to 2010, Stan Smith, director of The University Of Florida's Bureau of Economic and Business Research, estimates that … (4 comments)

florida: Wave Of Foreclosures Has Begun In The Greater Sarasota Area - 08/12/10 03:23 AM
According to data released by California based RealtyTrac Inc., total foreclosure filings in the three-county region surrounding Sarasota jumped to 3,349 during July, a 40 percent increase from a month earlier and a 10.6 percent increase from July 2009.  While much of the reason for the rise stems from resets on adjustable-rate loans, market watchers are also seeing an increase in commercial foreclosures.  Records also show a steady flow of luxury properties going into foreclosure. At least eight homes in the million-dollar-and-over range fell into foreclosure in July. The largest was a $2.08 million loan on a 5,569-square-foot house on Osprey Point Drive.

florida: NAR: International Interest In U.S. Homeownership Increases, Florida and California Remain The Top Two Destinations - 07/08/10 09:59 AM
WASHINGTON - July 8, 2010 - International homebuyers are increasingly attracted to property in the U.S., according to the National Association of Realtors®' 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country."While all real estate in the U.S. is local, the same is not true for property owners," said NAR President Vicki Cox Golder. "The U.S. continues to be a top destination for international buyers from all over the world. … (1 comments)

florida: Flood Insurance Program Reinstated - 07/01/10 05:30 AM
Great news for our customers purchasing waterfront properties in Greater Tampa Bay, Clearwater, & Sarasota.  Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted. 
Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182

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florida: Florida’s Existing Home And Condo Sales Rise In April - 05/24/10 06:31 AM
Sales of existing homes in Florida rose 27 percent in April, which means that sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors®.  Florida Realtors also reported a 55 percent increase in statewide sales of existing condos in April compared to the previous year's sales figure.
Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182

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florida: Sarasota Posts 38% Home Sales Increase For March - Luxury Sales Increase 30% - 04/22/10 01:48 PM
The Sarasota-Bradenton MSA reported a total of 1,055 homes sold in March compared to 765 homes a year earlier for a 38 percent increase. The market's existing home median sales price last month was $163,800; a year earlier it was $150,000 for an increase of 9 percent. A total of 382 condos sold in the MSA in March compared to 226 units sold the same month a year earlier for an increase of 69 percent. The existing condo median price last month was $146,400; a year earlier, it was $129,000 for a gain of 13 percent.
39 homes over $1,000,000 sold … (2 comments)

florida: Rare Opportunity To Purchase 3.78 Acres on Longboat Key, Florida - 03/07/10 02:22 PM
Just Listed - $2,499,900.  This 3.78 acre parcel off Gulf Of Mexico Drive and Bay Isles Road lies just North of Longboat Key Club on beautiful Longboat Key.  Initially zoned commercial, the property was rezoned to accomodate 12 residential units.   Contact Steve Eckhardt, Broker, Cornerstone Properties & Investments, Inc. at (813) 765-1182 for more information.


florida: Sarasota Florida the #1 Buyer's Market, St. Petersburg Ranks #6 - 10/06/09 04:10 PM
The Today Show's Al Roker talked to real estate guru Barbara Corcoran about the US cities where you can get the biggest bang for your buck. Together, they reviewed the 10 Biggest Markets on Sale across the country, cities where prices have dropped the most, and the areas with the greatest real estate values.
Visit www.SearchForTampaHomes.com to have listings delivered directly to your e-mail


florida: Pending Home Sales Up For The Sixth Straight Month - 09/02/09 01:58 AM
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 from a reading of 94.6 in June, and is 12.0% higher than July 2008 when it was 87.1.  The index is at the highest level since June 2007 when it was 100.7.  In the South, pending home sales activity rose 3.1% to an index of 103.8 in July and is 12.0% above July 2008.
Read … (0 comments)

florida: Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 - 08/13/09 04:35 PM
Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors® (FAR).  Sales of existing condominiums statewide in the second quarter rose 29 percent compared to the same time the previous year. This marks the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.  http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221418

florida: 3 Major Things to Look at When Buying Tampa or Sarasota Foreclosures - 08/01/09 12:57 PM
If you're looking to get a good deal by buying a Tampa or Sarasota foreclosure, keep in mind that many of the homeowners not only didn't have money for the mortgage, they probably didn't have money for the upkeep of the house either.  If you've found a home you're interested in, here's a short checklist to follow even before you decide to contact a home inspector.
For some Tampa or Sarasota foreclosures, structure is a definite issue.  Pay close attention to the following, as they may indicate more severe problems:
Are the interior walls in good condition?  Any cracks and stains? Are the floors … (0 comments)

florida: Sarasota Equestrian Estate Reduced $150,000 - 01/26/09 03:24 PM

Take A Video Tour
Situated on almost seven acres, this luxury residence is a one of a kind masterpiece with over 4800 square feet of living space. As you step into the foyer, you are drawn to the soaring 30 foot coffered ceilings and a dramatic curved staircase. Travertine floors are found throughout the entire foyer, great room, kitchen, and dining room. This custom floorplan also features 4 bedrooms, 4 baths, a $100,000 media room, custom cabinetry, a study, an upstairs flex area, and all of the adornments you would expect in a prestigious estate home. Step outside the French … (1 comments)

florida: Sarasota Luxury Estate Reduced $250,000 - 01/26/09 03:16 PM

1655 BAY HARBOR LN, SARASOTA - $5,749,900 - Beauty and craftsmanship go hand in hand in this splendid Mediterranean masterpiece. In addition to the incredible full bay views, this exclusive residence features five spacious bedroom suites, study, loft, six and one half bathrooms, library, family room, formal living and dining rooms. The master suite has its own laundry room and wet bar. An oversized four car garage, brick paver motor court, authentic clay tile roof, and decorative hand carved stone fountain are striking enhancements to the exterior. The gourmet kitchen is a chef's delight with granite countertops, custom cabinetry with under … (0 comments)

florida: My Internet Advertising Has Been Validated! - 12/17/08 12:40 PM
For the last 3 years I have been telling my agents, my customers, and anyone else that would listen that print advertising for real estate is on it's way out.  The listings were old, the ads didn't contain the newer listings, and you weren't able to get a feel for the home like you can with virtual tours and online video.
Apparently, I was right.  A new study conducted by Harris Interactive and sponsored by Intel Corp. finds that 65 percent of adults feel they cannot live without Internet access. Additionally, 71 percent consider it important or very important to have Internet-enabled … (94 comments)

Steve Eckhardt, Tampa, St Pete, and Sarasota Luxury Broker (Cornerstone Properties International)

Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker

Tampa, FL

More about me…

Cornerstone Properties International

Address: 8875 Hidden River Parkway, Suite 300, Tampa, FL, 33637

Office: (813) 929-3900

Mobile: (813) 765-1182

Email Me

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. Steve Eckhardt is the Founder, President, & CEO of Cornerstone Properties & Investments. He has been recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s preeminent purveyors of luxury homes. His company, Cornerstone Properties & Investments, is a full service luxury boutique firm listing and selling some of the most expensive properties in Greater Tampa Bay and the Sarasota Gulf Coast Regions. His skilled team is committed to providing legendary client service with an unparalleled standard of integrity and expertise. Known for high-profile properties and clients, Steve can provide access to the most exclusive neighborhoods with complete confidentiality. His high regard for client's privacy is what keeps them referring friends and colleagues. We serve the Greater Tampa Bay, Clearwater, St. Petersburg, Sarasota, Siesta Key, and Longboat Key markets.




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