real estate: 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’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)

real estate: $1.4 Billion In Tampa Bay Real Estate Sales To Foreign Investors Over The Last Year - 11/04/11 10:14 AM
Over the last year an estimated $12.7 billion dollars in real estate was purchased in Florida by foreign investors. Over 86% of those investors bought these properties with cash.  Factors that influenced these investors include a weaker dollar, discounted costs for property and increasing rent prices. The Tampa/St.Pete/Clearwater market came in at number 3 with approx. $1.4 billion in sales.
Read more about our huge influx of foreign investment in The Tampa Bay Business Journal.

real estate: 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.

real estate: Tampa Home Sales Up 17% - 05/11/11 10:30 AM
Tampa had the most active existing home sales market in the state with 7,710 sales, up 17% for the first quarter of 2011.  Florida existing home sales increased 13% and existing condominium sales increased 29% over the first quarter 2011, according to the Florida Association of Realtors

real estate: 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. 

real estate: 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)

real estate: 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)

real estate: 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)

real estate: 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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real estate: Florida Gulf Coast Video Relocation Series - Clearwater, St. Petersburg And The Beaches - 05/13/10 02:32 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. These are our third & fourth videos and they highlight Greater Clearwater, Saint Petersburg, & the Beaches.
Most of Florida was inhabited by Native Americans long before white explorers first set foot on its shores. The Timucuan tribe gave Spanish … (0 comments)

real estate: 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.

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)

real estate: Florida Gulf Coast Relocation Video Series - Tampa Bay Area - 05/12/10 10:54 AM
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. Our first video highlights the Greater Tampa Bay area.

The Tampa area is one of the world's most desirable areas in which to live, boasting a booming employment rate, year-round festivals and activities, and a climate that is consistently pleasant and sunny. As a vibrant metropolitan area on Florida's … (0 comments)

real estate: Attorney General McCollum Warns Of ‘Massive’ Commercial Foreclosures In Florida - 03/23/10 12:16 PM
TALLAHASSEE, Fla. - March 23, 2010 - Attorney General Bill McCollum wrote to legislative leaders on Friday urging them to take note of the potential for "massive" foreclosures on commercial real estate, as more than $1 trillion in commercial real estate loans from Florida's most recent big boom all reach the end of their terms about the same time. "As I learn more about the potential for massive commercial real property mortgage foreclosures, I am convinced that swift legislative remedial action this session would avert some of the more devastating consequences of such foreclosures," McCollum wrote. "As one of the largest … (0 comments)

real estate: Snell Isle Landmark Estate For Sale - Price tag: $18 million - 12/14/09 07:12 AM
A St. Petersburg waterfront mansion that was once home to Perry Snell, a prominent developer in the early 1900s, has been listed for sale for $18 million.

View The Listing Information By Clicking Here
Read The Tampa Bay Business Journal Story About The Home By Clicking Here
If you are searching for luxury homes and estates in the Greater Tampa Bay (Tampa, St. Petersbug, Clearwater) or Sarasota, please contact Steve Eckhardt at (813) 765-1182.
Listing Information Courtesy of Realty Executives

real estate: The Market, Not Realtors, Determines Housing Prices - Funny - 08/29/09 06:00 AM
The Secretary of the Treasury, Timothy Geithner, apparently doesn't understand that the market determines home prices. Great video from the Daily Show mocking Geithner and Robert Shiller (Case-Shiller Housing Index).  VERY FUNNY!

real estate: 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.

real estate: 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.

real estate: Home prices and sales surge in Sarasota / Bradenton - 08/13/09 04:14 PM

Housing prices in the Sarasota-Bradenton market posted a nearly 10 percent increase during the second quarter when compared with the first three months of the year, and sales rose 20 percent.

real estate: University Of Florida - ‘Cautious optimism’ for Florida real estate - 08/12/09 04:54 PM
Florida real estate won't rebound until the job market improves, but investor confidence in the outlook for business and availability of money are reasons for cautious optimism, according to the latest University of Florida (UF) survey.

real estate: Hillsborough (Tampa area) population growth flat - 08/10/09 08:51 AM
Read the article in the Tampa Bay Business Journal -

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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