buying: Strike While the Real Estate Iron is Hot: Mortgage Rates for 2017
- 03/02/17 12:59 PM
By and large, we saw a healthy housing market last year – but what should we expect as we embark on a new real estate journey in 2017?
For home buyers, this is your que to strike while the iron is hot! If you’ve been waiting for the right time to buy your new home – your wait is over! Increase your buying power by taking advantage of these lower mortgage rates before we see an increase between 2017 and 2018. As Bill Dallas, CEO at Cloudvirga explains, “We expect GDP [gross domestic product] to increase 2.1% in 2017 and 2.0% … (0 comments)
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buying: Real Estate Rewind: 2016
- 12/16/16 12:49 PM
Now twelve months into 2016, we’ve had a big year in real estate! Between the Olympics, the elections and of course, real estate, many changes and trends have emerged.
Rent Vs Buy: Always a hot topic! Typically, consumers have assumed that renting is more affordable than buying a home. But, numerous factors have changed home buying in 2016, including credit reporting!
Have you checked your credit score lately? You may have seen an increase thanks to the new FICO 9 reporting system. Historically, the weight of medical bills negatively impacted consumer credit reports, but now, “A person’s credit score, with medical conditions, will … (2 comments)
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buying: Tampa: Ranked Top 6 in Nation for Real Estate Investors
- 10/27/15 01:16 AM
Tampa Bay investors are finding out how hot the area is lately, ranking #6 among the top 50 cities for Real Estate investing. Everyone likes generating wealth, especially if the return (ROI) is on a real estate investment. It is extremely satisfying when you put your money to work for you. Real Estate investors look all over the place searching for the best property to invest their money in. Their money has been working extra hard here in Tampa. Over the past 12 months, Tampa’s investors have averaged 16.7 percent gross return on their investment. That is incredibly high, a very … (3 comments)
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buying: Hot Home Sales in Tampa Bay. Nearly as hot as the summer weather!
- 10/06/15 03:42 AM
2015 has been a pleasant year for the Tampa Bay real estate market, marking a full resurgence. Normally sales fall off during the summer vacations, but not this year!
Homes listed for sale are continuing to seek out higher prices, while buyers are actively finding properties to put contracts on. A local North Tampa homeowner listed their house at $450,000 3 weeks ago and had a pending contract 8 days later, including backup offers. SI Real Estate has also participated in this high level of activity, selling three different properties in less than 10 days recently. While we normally see soft interest … (0 comments)
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buying: First-Quarter Homes Sales surge in Tampa Bay. Prices rise..
- 04/24/15 07:19 AM
SI Real Estate has been watching the market in Tampa Bay closely this year. We have reported several times since the beginning of 2015 that the market is on the upswing, with statistics to back it up. Hillsborough County just released more first quarter data, and the real estate market is continuing to surge! Housing data released Monday by Florida Realtors showed 3,213 single-family homes sold, 28.6 percent more than February 2014.
Buyers are finding that inventory is still thin, causing prices to rise. The Tampa Tribune interviewed Thomas O’Bryant, executive director of the Greater Tampa Association of Realtors. “Home prices are … (1 comments)
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buying: Millenials: Real Estate’s Largest Consumers
- 06/13/13 03:42 AM
We are hearing more and more about Millenials in the news, and how this new group of 90 million “Generation Y-ers” is finally reaching the time to consider homeownership. While many will point out that student debt and credit standards may keep these potential homebuyers on the sideline, even more hold high expectations that the largest demographic in the nation’s history will continue to be a major player in today’s real estate market.
Encouraging signs that timing is working in favor of the Millenials show that median debt of households made up of people ages 35 and below … (0 comments)
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buying: International Real Estate Buyers | Vital Role in Real Estate
- 06/07/13 06:22 AM
International consumers have always played a vital role in American economy. Today, more than ever, internationals from neighboring and distant countries are contributing to our real estate recovery both on a local and national level. Individuals from a variety of countries have homeownership increasing to around 36% from 2000 to 2010 and by 2020, it is expected that 50% of all home buying will be fueled by international home buyers. If those numbers don’t seem significant, consider 100 billion worth in mortgage loans!
Florida is a “gate way” state in which many internationals choose to invest. Our close proximity … (0 comments)
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buying: New Homes: Best Choice for Tampa Bay Home Buyers
- 03/21/13 11:46 PM
Tampa, Florida has seen the home market react to trends throughout the real estate. While we are still finding our way back to “normal” we are noticing a new trend catching fire.
New construction home interest and purchases have spiked at rates that new home builders cannot keep up with. Homebuilder Lennar Corp. posted first quarter results that showed a 40% increase in revenue from this time last year! CEO of Lennar, Stuart Miller recently stated, “Our first quarter results clearly reflect continued improvement in the marketplace. Current market conditions are driven by strong demand resulting from low interest rates … (0 comments)
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buying: Tampa Real Estate Pulse | Discounts Are Gone
- 03/13/13 02:59 AM
As we continue to witness the real estate recovery and its effect on our Tampa market, many home buyers and investors are scratching their heads and wondering where all the “great deals” went? Tampa, Florida has seen inventory fly out the window. Along with that inventory went most of the homes that investors and home buyers were seeking out. The FNC has recently reported that the price between homes’s foreclosed value and original market value is finally beginning to close. The average price discount for a distressed property was around 25% of the homes market value. By the end of last … (2 comments)
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buying: Pending Home Sales Up in March
- 04/30/12 07:05 AM
Pending home sales see a 4.1% increase from February to March 2012. These figures have increased 12.8% since last year at this time, which is also the highest it has been since April 2010. Lawrence Yun, chief economist for the National Association of Realtors, says, “The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions… which also means home prices will be rising in more areas as the year progresses.”This information is simply information, unless you use it to your benefit when mapping out your Real Estate Goals. Call SI today … (0 comments)
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buying: Homes Are Now More Affordable Than Ever
- 04/24/12 02:01 AM
A recent study conducted by the National Association of Realtors shows that housing affordability has been at an all time high thus far through 2012. The Housing Affordability Index is relative to median home prices, median home income, and average home mortgage rate. Buying power is the result of a higher index. Here in the Tampa, Florida market, the Housing Affordability Index is higher than most cities in the country.
President of the National Association of Realtors, Moe Veissi, says the most recent study highlights the opportunities that more and more people are ready to buy, and some may not … (2 comments)
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buying: Owning a home is Still Cool | Here are the Real Estate Reasons
- 03/30/11 04:52 AM
• Long term Investment
According to Realty Times," An average appreciation rate during normal times is around 6.5 percent a year. That means if you buy a home for $100,000, in just ten years you will have a home that could feasibly sell for around $174,000"
• Personal and Community Stability
Owning a property creates a sense of community and accomplishment. People take better care of property; have higher graduation rates and lower crime rates in more stable communities with large percentages of homeowners.
• Tax-Breaks
Tax benefits are a huge asset to many Americans, you can deduct mortgage … (3 comments)
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buying: Four Most Important Qualities in Selecting a Real Estate Agent
- 03/04/11 04:56 AM
When it comes to buying, selling or renting real estate it is important you find the best representation to work alongside you. What qualities are the most important when selecting a Real Estate Agent to help you:
Trust In making the decision to purchase, sell, or rent a property the most important quality to look for in your real estate agent is whether you trust them. They will be advising you on what the best home prices in the local market, they will be drafting legal contracts for you and you need to know they have your best interest at … (2 comments)
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buying: Positive, Positive, Positive Real Estate News! The Recovery Continues.
- 08/21/09 08:29 AM
Excellent news - the U.S. real estate market is rebounding faster than expected. For the first time in five years, existing home sales have increased for four consecutive months, the National Association of Realtors reported today. Existing home sales, including single-family homes, townhomes, condos and co-ops rose 7.2 percent to a total of 5.24 million in July. An NAR survey showed that 30 percent of the homes purchased in July were by first-time home buyers, as home buyers have started to come off the fence and take advantage of the $8,000 tax credit.
The National Association of Home Builders/Wells Fargo Housing … (5 comments)
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By and large, we saw a healthy housing market last year – but what should we expect as we embark on a new real estate journey in 2017? 
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