home: Tampa Florida Real Estate Makes Top 10 Foreign Hot Spot List
- 07/13/12 06:28 AM
2012 has provided us with many exciting and eye opening real estate headlines. Foreign cash buyers have been in the news and their acquisitions are helping our local Tampa Florida real estate market recovery. The Tampa / St. Petersburg area made the top ten list of most attractive hot spots for international home buyers to purchase real estate. This data was compiled by DataQuick which is a real estate analysis firm in the U.S.
Earlier this year, we saw that foreign buyers accounted for about 8% of U.S. home sales. Florida accounted for 31% of all international home purchases, with … (0 comments)
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home: Home Prices on the Rise
- 06/29/12 02:03 AM
For a few years now, consumers from Florida to California have been hearing more and more that now is the time to buy your home, or real estate in general. Well that time is now quickly passing by as home prices continue to push upward. The S & P home price index showed improvements for the second straight month in 19 of the 20 cities they are tracking. Tampa, Florida is high on the list of cities being tracked. Not only is our local Tampa real estate market our performing most, but as whole national prices rose 1.3% in the last … (0 comments)
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home: Foreign Investors Cashing in on U.S. Real Estate
- 06/18/12 06:03 AM
According to the National Association of Realtors, foreign buyers accounted for $82.5 billion spent in the residential real estate market for the twelve month period ending in the first quarter. That equals about 8.9% of all residential real estate transactions. Investors from Canada, Asia, Europe, and Latin America are all eager to invest their money into U.S. real estate. The weakness of the U.S. dollar compared to some currencies is an additional market factor as to why some investors like the odds of what some claim to be a “risky bet”.
Recently SI Real Estate has seen an increase in … (0 comments)
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home: Prices to Increase for Rentals | Many May Sway Towards Purchasing
- 06/07/12 05:29 AM
A recent study done by Marcus & Millchap, shows that rental prices in Florida may see an increase in the last half of 2012. They cited improving job rates, less apartment inventory, and declining vacancy rates as the main contributing factors to the expected increase in rental costs. Larger cities like Miami, Tampa, and Orlando may feel the increase more so than smaller markets such as Sarasota or Bradenton because the smaller markets usually have somewhat higher vacancy rates. Here in Tampa, Florida, we have seen this trend first hand with our investors and landlords expecting increases in rental rates.
This … (0 comments)
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home: Why Are You Still Waiting?
- 05/10/12 01:35 AM
When the topic of real estate has come up in conversation with friends, family, or coworkers, you may want to listen up and chime in next time it happens. HousingWire reports that fixed rate mortgages have hit a new all time low at 3.84%! Not only is 30 year FRM dropping, but 15 year FRM are too. A popular financing choice by many, 15 year FRM has dipped down to 3.07%. Both rates are lower than previous months and lower than the previous year in that respective month.
Just the facts: Home affordability is also at an all time high, home … (2 comments)
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home: 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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home: 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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home: Home Ownership - Still Preferred Over Renting
- 04/05/12 06:48 AM
Do you ever hear someone say, “One day I wish to rent my very own home”? It doesn’t happen! It simply doesn’t exist. Most people today think owning a home makes far more sense than renting a home! In fact, 70% current tenants believe that home ownership is something they definitely would like to be a part of. Many consumers still value the idea of calling a home their own.
Fannie Mae’s last quarterly National Housing Survey showed that the desire of home ownership among many Americans still strongly exists. Their findings were quite interesting and may be applicable to … (2 comments)
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home: New Homes, Resale Real Estate: Choose Wisely
- 03/21/12 12:21 AM
Ever wondered what it would be like to own a brand new home? Many builders in Tampa such as Lennar, Standard Pacific, DR Horton, and Pulte (to name a few) are turning these thoughts into reality in 2012, and are doing so at a great price for many buyers. New construction is looking like real estate will be “hot off the foundation”. Yes, there remain some consumers out there who have mixed thoughts about buying a new home as opposed to buying a resale home. Many home buyers may have the impression that buying new is far more expensive than it actually is. Builders are loaded with incentives, upgrades, warranties and more. A … (0 comments)
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home: Tampa Florida Real Estate Market: Stability Projected for 2012
- 03/08/12 12:05 AM
As we continue to realize and search for positive signs of a real estate revival, some analysts are pointing to short sales boosting the Florida housing situation. Florida’s bank owned sales and short sales in 2011, hit the national average at 22 percent of all real estate transactions. What’s interesting about this is that the number of short sales has exceeded the number of foreclosures in Florida. State wide, Florida’s bank owned sales were down 32 percent, while short sales inched up 3 percent. This has a tremendous impact on homeowners who are, at times, being presented with great deals to … (0 comments)
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home: Pending Home Sales And Prices Are Up!
- 03/01/12 03:07 AM
The National Association of Realtors reports that existing home sales have hit a 21 month high in January 2012. A total of 8% more contracts were signed by agents during that 21 month period. NAR chief economist Lawrence Yun says job growth and rental rates are somewhat of a cause for this recent spike. He also suggests that once credit availability becomes more regular, home sales will see a significant increase, and home prices will as well. This will in turn reduce the amount of people who are currently upside down on their mortgages.
Rising rental rates may be boosting … (0 comments)
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home: Tampa Real Estate Market on the Move: February Update
- 02/15/12 06:42 AM
Every once in a while we like to examine data compiled from Trulia about the local Tampa Bay real estate market.
Real Estate Facts: Tampa has seen a 6.1% increase in median home sale prices from November 2011 to January 2012 compared to this time last year. Also increasing is the price per square foot in Tampa which is up 19.3% from this time last year. High demand and popular communities that are seeing more activity than others are Tampa Palms, Bayshore Beautiful, Old Seminole Heights, Hunters Green, and Ballast Point.
Increases are nice to see in areas such as the ones listed … (2 comments)
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home: Real Estate Super Bowl Commercial: What Do You Take from It?
- 02/08/12 04:46 AM
If you were one of the 111.3 million people who watched the Super Bowl, I’m sure you have an opinion on which commercial you enjoyed most. Whether you liked the punches being exchanged by auto makers, or dancing M & M’s, you may have noticed one that was out of the ordinary. The Century 21 thirty second spot was the first real estate commercial to be aired on Super Bowl Sunday in 21 years! The commercial featured Donald Trump, Deion Sanders, and Apolo Ohno. You may ask yourself, “is this really going to make people pick up the phone and … (2 comments)
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home: Florida Ranks Highest In Foreign Investors Buying Real Estate
- 01/16/12 07:02 AM
When it comes to foreign investors searching for a lucrative real estate return, Florida ranks number one in the US, especially among Cubans, Haitians, and Colombians. The National Association of Realtors data shows that almost a third of all home purchases in Florida, come from foreign residents. With the constant struggles of qualifying for mortgages these days in the US, many of these foreign investors are in a better position because they are cash buyers. Many Cubans see investing in Florida as a safe bet because the concept of owning real estate is still a novelty to them. Now that direct … (0 comments)
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home: SI Real Estate Recaps 2011
- 12/30/11 08:00 AM
It is quite common that around this time every December, end of the year recaps in various markets are released. You may hear a top 20 songs on the radio or see lists of best movie releases in 2011 on the television. Whether you care about what comes in at #1 on any list, it serves as a brief snapshot of what was news worthy that year. Here are a few of the more interesting and significant real estate stories of 2011 for you.
Mortgage rates hit an all time low, and dropped to 3.94 this year according to the National … (0 comments)
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home: Tis’ The Season for Buying Real Estate and Property Investments
- 12/02/11 08:15 AM
Real estate investors and buyers are continuing to make property purchases that fuel the Florida real estate market. The third quarter boasted an increase in home buying and investing of 13% from last years numbers. Many of these new purchases and investments are viewed as long term and are helping stabilize our Tampa Bay real estate market. Even though Florida’s median sales price is lower than last year by a small amount, the volume of sales are significantly up. According to the National Association of Realtors, the foreclosures and sales of other distressed properties make the median sales price seem … (0 comments)
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home: Real Estate Truths: Rent vs. Buy
- 05/04/11 03:42 AM
There is so much news on the health of the real estate market every day. Many people are waiting until the market fully recovers before investing in real estate but some are not waiting. What if experts suggested however that buying a home is actually cheaper than renting?
The newest studies of 50 of the largest cities in America are suggesting that it is a smart decision to buy and cheaper than rent in the same area. Trulia just released a new chart with varying factors that show which of the 50 largest cities is better to buy vs. rent a … (3 comments)
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home: Real Estate Trends | Spring has Sprung
- 04/21/11 02:49 AM
As the flowers and trees start to blossom, there is another change in the air. With drops in foreclosure filings and a rise in the buying market, could Spring bring a new season for real estate?
According to an article published by Housing Wire, Housing starts rise 7.2 % in March 2011. This is after a long decline of months. The data is collected from Department of Commerce, U.S. Census Bureau, and the Department of Housing and Urban Development every month to compare to previous months and previous years. March reached the highest peak in 16 months.
Another noteworthy statistic to … (0 comments)
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home: 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)
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home: Tampa Real Estate Sales Still Rising
- 04/08/11 04:24 AM
Although there has been a high number of a sale in the Tampa Bay real estate market the last couple of months, the industry is sending some mixed signals. What is happening in our changing market?
According to The Tampa Tribune, "Homes sales are climbing, up 16 percent from a year ago and 24 percent from last month". However since there is such a high number of bank owned and distressed properties, the median sale price is only $111,100.
Of the 2,375 real estate sales in Tampa in February 2011, a large majority were bought by investors. They see properties in … (2 comments)
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2012 has provided us with many exciting and eye opening real estate headlines. Foreign cash buyers have been in the news and their acquisitions are helping our local Tampa Florida real estate market recovery. The Tampa / St. Petersburg area made the top ten list of most attractive hot spots for international home buyers to purchase real estate. This data was compiled by DataQuick which is a real estate analysis firm in the U.S. 
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