homes: 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)

homes: 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.
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homes: 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)

homes: Why We Advertise Our Listings Exclusively On The Internet......... - 12/13/10 04:18 PM
Internet usage has grown 121% in the past five years. So what are people doing less? Listening to the radio and reading things like newspapers and magazines.  Did You Know ...
...For more than one-third of home buyers, the first step in the home-buying process was looking online for properties.
...90% of homebuyers used the Internet as an information source when buying a home...77% of Internet homebuyers drove by or viewed a home they saw online...36% of buyers first found the home they purchased on the Internet
...Americans spend nearly a quarter of their time online on social networking sites and … (3 comments)

homes: 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)

homes: 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)

homes: Luxury Homes Outperforming The General Market - 09/01/10 04:42 AM
Early last week NAR released the national numbers for July sales.  Overall sales saw a large drop 27% from June and 25% year-over-year from July 2009. While the pundits debate whether the sharp drop in overall sales was a meaningful indicator of market activity or just a product of the expiration of the home-buyer tax credit and artificially time-shifted demand, they all seem to have missed the fact that while overall sales were sharply down, sales in the $1M+ price segment were UP in every region across the country and more than 6% nationally:

"Luxury homebuyers have been buying this summer," … (2 comments)

homes: Florida Gulf Coast Video Relocation Series - Greater Sarasota And The Beaches - 05/12/10 03:26 PM
In our effort to help home buyers relocating from different areas of the country, we have developed an 11 part video series to highlight the various cities we cover on the Gulf Coast of Florida. This is our second video and it highlights the Greater Sarasota area.

CLICK ON THE PICTURE TO START THE VIDEO
CLICK HERE TO DOWNLOAD A PDF RELOCATION GUIDE
Most of Florida was inhabited Native Americans were the first inhabitants of the area that is now Sarasota, Bradenton, and the beaches, including the violent Timucuan tribe. Prehistoric mounds and shell middens can be found along the … (0 comments)

homes: Wealthly Investors Plan To Increase Their Real Estate Holdings - 12/02/09 12:43 AM
A recent report commissioned by Barclays Wealth and written by the Economist Intelligence Unit shows a renewed confidence in residential real estate.  The United States was ranked as the most attractive global real estate market with China and India close behind.  Despite economic and financial turbulence, high-net-worth individuals have confidence in real estate as an investment and plan to increase their residential real estate portfolio allocations in the near term.
We are seeing this trend play out in the coastal markets around the Sarasota and Tampa Bay regions.  Properties on the water that would have commanded upwards of $5 to $8 million dollars … (1 comments)

homes: August Home Sales - 09/28/09 06:35 AM
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.SearchForTampaHomes.com to have listings delivered directly to your e-mail.
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homes: Tampa Bay & Sarasota Home Sales Were Up 30 Percent In July - 08/23/09 04:17 AM
Both the Tampa & Sarasota MSA's reported a 30% increase in sales for July 2009 compared to July 2008 numbers. The median sales price in Tampa was down 19% from a year ago to $143,100 and the median sales price in Sarasota was down 22% from a year ago to $179,500. Full statewide statistics are available from The Florida Association of Realtors.
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homes: Hillsborough (Tampa area) population growth flat - 08/10/09 08:51 AM
Read the article in the Tampa Bay Business Journal - http://ping.fm/5J4w8
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homes: Luxury Home Update For Greater Tampa and Sarasota Florida - 08/09/09 12:41 PM

Sales of million dollar homes increased significantly for the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas.  In the 5 county area the number of homes over $1 million that sold in July increased to 61 compared to the 42 homes that were sold in June.  While newspapers and the media continue to report luxury homes are "languishing" on the market, demand through 2009 has remained relatively stable (January 33 sold, February 29 sold, March 48 sold, April 59 sold, May 54 sold, June 42 sold, July 61 sold).  That being said, we still have over a 42 month supply … (0 comments)

homes: Luxury Market Statistics For Tampa Bay & Sarasota/Bradenton - 02/06/09 03:36 AM
Sales of million dollar homes took a dive in 2008 for both the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas.  The scarcity of jumbo loans, falling investment portfolios, and economic pessimism all contributed to the slow sales in the luxury home market.
The following statistics are taken from the Mid Florida Regional MLS and cover single family homes over $950,000.  The Greater Tampa Bay area statistics cover Hillsborough, Pinellas, and Pasco counties.  The Greater Sarasota/Bradenton statistics cover Sarasota and Manatee counties.
Greater Tampa Bay Area
492 homes over $950,000 sold in 2008 vs. 601 homes in 2007.  The drop of … (0 comments)

homes: Getting Out In The World & Looking For The Positive - 11/17/08 05:39 PM
Last week I took a few days to attend the National Association Of Realtors Show over in Orlando.  The NAR Convention and trade show is the largest conference for Realtors held every year.  It runs about a week and features educational opportunities, motivational opportunities and the chance to network with Realtors from across the United States and real estate professionals from all over the world.  I was lucky enough to meet two new international delegates this year, one from Canada and one from Norway.  I have already set plans to follow up with the Canada representative and the Norway delegate made … (2 comments)

homes: Luxury Homes In The Tampa Bay Area - 11/12/08 08:21 AM
Real Estate on the Gulf Coast of Florida by any measurement is a great investment in 2008.  The equity markets are on edge.  The price of similar luxury homes on the East coast of Florida run 20% to 40% higher than in the Tampa Bay area. 
U.S. Census data for the Tampa Bay area showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year between 2000 and 2006. The combined Greater Tampa Bay region experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million mark on April … (0 comments)

homes: Luxury Real Estate In The Tampa Bay Area Will Continue To Be A Good Investment - 11/02/08 04:00 PM
Last month I was talking to a CFO of one of the large regional banks in the Tampa Bay area and we were comparing notes on the state of the market here in the Tampa Bay area.  While we both agreed that the real estate market had taken a hit, both of our companies had discovered a bright spot in the current economic downturn.  MILLIONAIRES.  IRS data that was released back at the beginning of September showed that the number of people with a net worth of greater than $20 million dollars was up 62% from just ten years ago. In … (0 comments)

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

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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