Real estate blog entries tagged with buyers by Nibal Elsaadi (SI Real Estate Tampa)

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buyers: Real Estate Pulse: Recapping 5 years! - 12/31/15 01:27 AM

Real Estate Pulse: Recapping 5 years!
Active Housing Market keeps persuading buyers and now sellers

The last 5 years of the real estate market has been a wild ride to say the least. In 2010, first time home buyers increased dramatically over the norm due to the large tax credit given out by the federal government. That triggered the highest number of first time buyers ever. While this group accounted for half of the homes purchased in 2010, the other key players were the international (cash) investors who were purchasing the rock-bottom-priced inventory. This same group of investors and first time home buyers … (1 comments)

buyers: Florida’s Housing Market Stays Hot! Here's why.. - 12/14/15 04:08 AM

All year long we have been watching the real estate market heat up in Florida. There are many reasons why we are seeing a different resurgence this year! A few of the key catalysts are: the Florida Legislature, interest rates and PMI insurance reductions. Each of these played a high valued role in the 2015 housing market. Combining all three, we can see housing is more affordable and there are a lot more people looking for housing!

Florida Governor Rick Scott is very enthusiastic about the housing market citing this past month as another remarkable one for the state. He is particularly … (3 comments)

buyers: Florida’s Housing Market Stays Hot! Here's why.. - 12/04/15 02:34 AM

buyers: We have missed you guys, active rain community! - 10/08/15 02:44 AM

We are back!
Due to the changeover from trulia url's and such, SI Real Estate been absent on here for the past two months. We could not get logged into our account or even connect to the site without a bunch of security flags! As such, our blog posts were not able to be seen by our viewers unless they had our blogspot information. Happy to say that SIRE is back in action, and we are going to bring you the real estate updates we are known for. We love what we are seeing in the housing market and can't wait to share … (4 comments)

buyers: Real Estate Update: Pending Home Sales reach highest level in 9 years! - 07/13/15 07:10 AM

It’s no secret the housing market is making a strong comeback. Inventory is incredibly scarce. Buyers are confident enough in the economy to be actively searching for real estate to purchase. This is leading to a shortage of ready-to-move-in homes. When there is a housing shortage, buyers need to act quickly and sellers are now stepping in. This has been the driving force behind skyrocketing pending home sale statistics. Probably the most positive statistic (there are many this month) is “45% of homes sold within 30 days of being listed”. That is a staggering number compared to what we were seeing … (0 comments)

buyers: Real Estate Pulse: Tampa’s Rental market is on fire! Act on it. - 06/12/15 06:49 AM

Real Estate Pulse: Tampa’s Rental market is on fire!
Act on it or the property will be gone in a flash!
SI Real Estate is a full service real estate boutique in Tampa Bay, including property management. We have seen a significant increase in rental activity since February, 2015. As the year has progressed, so has the interest in Tampa’s rental market! Right now, our agents are finding that rental listings are gone in a New York minute. We are receiving calls and emails from an abnormal amount of new residents relocating to our area, causing the demand to drastically outweigh the … (1 comments)

buyers: Big gains in March Home Sales, Florida and National Market heating up! - 05/08/15 03:08 AM

Big gains in March Home Sales
Florida and National market is heating up in 2015
SI Real Estate has been monitoring and reporting the increased activity in the housing market this year. Last month we reported about skyrocketing first quarter new home sales. This month all of the home-sales reports, including both new homes and resale homes echo those same sentiments.

Some of the markets reporting sharp rises in March 2015 home sales include the following: Minneapolis, Washington D.C., Atlanta, San Antonio, Jacksonville, Houston, and Seattle. The Real Estate market in Florida has been scorching hot, especially in Miami, Boca Raton and Tampa … (0 comments)

buyers: Florida is on the rise again. Maybe you should move here too! - 03/09/15 01:14 AM

Almost everyone over the age of 20 has said the phrase “that’s it, I’m moving to Florida” at some point during their life. Usually it is said out of frustration with the weather, or another popular reason being high taxes elsewhere. In the 90’s and early 2000’s, Florida was an incredibly popular destination to move to. The younger crowds flocked to Miami or Tampa, the wealthy to Miami and Fort Lauderdale, and then the retirees to Naples or Fort Myers. Since 2007 though we have been lagging behind…. Until recently.
Sean Snaith, director of the Institute for Economic Competitiveness … (0 comments)

buyers: Don’t Forget About Your Rental Clients - 02/21/14 04:20 AM

When working diligently, it is often disheartening for a Realtor to hear from clients, “I think I’m just going to rent for a while longer.” The hard work and countless miles traveled over the last month seem wasted, but is this really a waste? It is most definitely not. You never know what that relationship could develop into.
Some of the most successful real estate agents are those with strong interpersonal communication and networking skills. Those who provide an unsurpassed level of quality service for clients do not go unrecognized. Success in this industry is highly dependent on one’s ability to … (0 comments)

buyers: Where are the Millennial Homebuyers? - 02/14/14 05:43 AM

Millennials refer to those born between 1980 and 2000, and they make up the second largest segment of homebuyers according to a study on generational housing trends conducted by the National Association of Realtors. So where have they gone? The weight of student loans has significantly affected the rate at which Millennials are making home purchases, with many college graduates struggling to keep up with the hefty payments after graduation. The tough job market and current economic conditions are also contributing factors to Millennials renting homes rather than purchasing.

The good news, however, is that consumer confidence about the potential … (2 comments)

buyers: Housing Industry On a Steady Rise - 07/24/13 01:01 AM

In the last two years, there has been an unstoppable positive turn in demand for real estate. This resulted in increased home buyer’s motivation to purchase. In addition, this newest trend boosted builder’s confidence in the real estate market as well. According to Mr. Jay McCanless, an analyst for Sterne Agee, “Housing demand, whether its rental or ownership, is a positive indicator,” the main reason for this is a steady job creation over the past three years which especially helped the private sector. Tampa Bay area is no exception; there has been a larger demand for multi-family and single family rentals … (0 comments)

buyers: Home Prices Turning the Corner: Are You? - 10/31/12 05:14 AM

Tampa’s premier home builder, Standard Pacific has recently published an article that sheds light on market conditions and trends in our area. The article is based on a report done by Barclays Capital that forecasts home prices rising as much as 5% – 7.5%!
The article also reveals some significant factors that are pushing home prices in an upward direction and how this is being done in two different types of markets. It gives an interesting look into the prime “A and B” markets, and also tells why the “C, D and F” locations will soon become more desirable. … (0 comments)

buyers: South Americans Surge Florida Real Estate Market - 11/18/11 03:49 AM

Recent studies have shown that Florida’s real estate market is continuing its upward path in part by attracting South American international investors. The Brazilian real holds a 45 percent gain against the U.S. dollar and is continuing to drive South and Central Florida’s real estate markets to new heights. Recent oil discoveries off the coast of Brazil have spiked real estate prices in those South American regions which are nearest to this discovery. Both of these forces are driving investors and buyers to Florida beach cities like Miami and greater Tampa Bay.
While Miami may be the most culturally diverse … (4 comments)

buyers: Younger Generation Predicted to Turn Real Estate Market Around - 04/14/11 04:08 AM

Since the slump in the real estate market started everyone has wondered where and when relief would be found. There is a new group of people that are drawing confidence in the housing recovery.
A new study was released in March by the National Association of Home Builders states that, "Generation X -young families and adults ages 31 to 45 - are likely to lead the home buying recovery as it gets underway". Gen X as they are referred to makes up 32% of the home-buying age population. They are not the largest group (Baby boomers make up 41%) but … (4 comments)

buyers: Real Life Real Estate...New Construction vs. Foreclosure - 03/17/11 06:49 AM

A hot topic for potential homebuyers is, should I look Foreclosures, existing older homes, or New Construction? The hype lately seems to be on Short sales and Foreclosures. Bank owned properties are being snatched up by cash investors and we hear of bidding wars everyday in Tampa over bank owned properties. Investors have money to spend, and no desire to occupy the property personally, they can fix any issues that arise with no problems. It is very enticing for a buyer to see large discounts foreclosed and short sales but what else does a buyer need to consider when deciding … (0 comments)

buyers: International Real Estate Investors Find Florida Real Estate Irresistible - 09/21/10 06:38 AM

International buyers of real estate are purchasing homes, townhomes and all types of properties here in Tampa, Florida, and around the state. Tampa has long been known to be a destination city due to the abundance of sunshine, beautiful beaches, a world-renowned international airport, and world-class entertainment and amusement parks. Florida has a history of attracting European, Canadian and South American buyers due to its proximity to these countries. According to International Interest in U.S. Homeownership Increases, Realtors® Report, a recent article published by the National Association of Realtors®, "International buyers were reported in 39 states in 2010, but a slight … (0 comments)

buyers: Real Estate Statistics Greater Tampa Bay | Just the Facts! - 07/23/10 09:35 AM

June 2010 real estate statistics compiled by the Greater Tampa Association of Realtors are in... The news is positive for our local real estate market in Tampa, FL. The number of properties that sold in June 2010 was at a phenomenal level of 2,069 - the best month for sales since December of 2006, the very peak of our market.
The statistics provided by the Greater Tampa Association of Realtors also showed the current inventory is at a multi-year low of only 13,514 homes, which translates to 6.5 months of inventory remaining.
One of the factors influencing this was the number of … (0 comments)

buyers: Foreign Buyers are Flocking to Florida Condos Again - 06/11/10 07:18 AM

The Florida real estate market is enjoying a real boom in condo sales and many of the buyers are coming from abroad. International investors are showing their confidence in our real estate market and are snapping up condos, sometimes in bulk. A recent article in the Miami Herald titled, Foreign buyers are flocking to Florida condos again discusses this trend saying, "Lured by rock-bottom prices, international buyers are now flocking to buy Florida properties. It's especially true in countries where the currency is strong against the dollar."
Recent increases in real estate sales over the past several months have been in … (0 comments)

buyers: Mortgage Rates Fall to Lowest Level of the Year - 05/25/10 04:49 AM

Tampa Bay real estate homeowners, sellers, buyers and investors - take note! There is good news today for anyone involved with real estate. MSNBC.com reported in an article titled Mortgage Rates Fall to Lowest Level of the Year that mortgage rates have fallen to the lowest level of the year.
Both 30-year and 15-year mortgage rates have dropped this past week. "The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent this week from 4.93 percent a week earlier. The average rate on a 15-year fixed-rate mortgage was 4.24 percent, down from 4.3 percent last week."
Home … (0 comments)

buyers: Real Estate Update | Mortgage Principal Forgiveness - 04/02/10 04:05 AM

Life after April 30, 2010
The clock is ticking for first-time home buyers and move-up/repeat home buyers wishing to take advantage of the generous federal tax credit. April 30th is the drop-dead date to get a binding contract in place with June 30th being the date these deals must be closed by in order to qualify for these incredible tax benefits. As realtors rush to find that home for their buyers to purchase and lenders work to get those deals closed, many wonder what real estate life will be like after April 30, 2010. Will there be another wave of aid … (3 comments)

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