Tampa's real estate market has had a flood of out-of-state buyers looking for more space, better weather, and a lower cost of living. Specifically, residents from California, New York, Connecticut, New Jersey, and Washington DC are fleeing from high taxes and cold weather. This influx was sparked by the pandemic and workers' ability to work from home. Below are the most recent statistics:
-There is still currently ONLY 1 month of resale inventory. This is the lowest we've had thus far making it a competitive seller’s market. -The average sales price has … (1 comments)
homebuyer: Navigating the New Home Construction Process
- 02/04/21 09:58 AM
4 Helpful Tips When Buying Your New Home New construction homes come with countless perks! The process is more straightforward than traditional home buying and everything is brand new as well as customizable! Buying new has skyrocketed in popularity in the past year around Tampa Bay. Low home inventory has led homebuyers to forgo the competitive resale market and choose to buy and build in new communities. Although new construction homes have many perks, there are a few things you should do during the process to make the most out of your new home and avoid costly mistakes. Shop Around with Your Real Estate … (0 comments)
Making the decision to buy a home can be a daunting one. Many people rule out purchasing a house, as it can feel intimidating and they don’t think they qualify. In reality, many renters have the qualifications and ability to become homeowners. It is a major financial decision but is also extremely rewarding and empowering to be able to own where you live. Here are 4 signs you may want to consider becoming a homeowner.
You love where you live and plan to stay for a while.
Renting is great for people that are new … (1 comments)
After months of lockdown, many homebuyers are rethinking what they want in their next home. Although the pandemic will not continue forever, it will have some long-term effects on our lifestyles and how we feel about public gatherings. During the quarantine, many people’s homes became their office, gym, and restaurant. The changes we made to our lifestyles during this time have changed what we want out of our living spaces.
When restaurants closed, we were limited to our homes to indulge in some good food. Luckily, many local restaurants opted for takeout options, even … (1 comments)
2020 has sent every industry on a rollercoaster, especially residential real estate. During the lockdown, sellers pulled their homes off the market and buyers postponed their showings. The economy cautiously reopened and pent up buyers were ready to resume their house hunt.
Besides the 6-foot distance rule and normalizing face masks, the pandemic brought on a major reduction in mortgage rates. When we say major, we mean major. The average rate for the past five years was 4.05%, right now you can get a mortgage rate as low as 2.6%. This is the lowest we … (0 comments)
homebuyer: Why Use a Realtor in a Competitive Real Estate Market
- 05/27/16 03:23 AM
With the housing demand exceeding the supply in markets across the U.S., homebuyers may be facing quite the challenge to find the perfect home this spring. The total housing inventory at the end of February 2016 was 1.88 million, 1.1 percent lower than last year leaving us with an unbalanced market between home buyers and sellers. In Tampa, there are less homes than buyers and clearly we are in a seller's market. In competitive markets such as these, it is incredibly important that homebuyers and sellers work with a Real Estate Professional. Realtors who have the National Association of Realtors Accredited … (0 comments)
homebuyer: Good News for Real Estate in the Sunshine State
- 04/02/14 06:47 AM
Good News for Real Estate in the Sunshine State: As the 1st quarter of 2014 comes to a close, it is a great time to monitor the good news published across the Sunshine State in real estate headlines. In a recent report from Freddie Mac, utilizing its Multi-Indicator Market Index, analysts discovered that Florida’s housing market showed the most improvement in the entire country during 2013. It also continued to show the most improvement month-to-month in January. The goal of the market index is to effectively measure the market’s stable range, proximity to “normal” and current trends. In an article … (0 comments)
homebuyer: Life of Real Estate Agents in Tampa, Florida
- 08/27/11 03:52 AM
In the blogging world, we try to provide facts and interesting articles for our viewers so that you might find helpful information to satisfy your interest in following us. SI Real Estate’s expertise is in real estate here in sunny Tampa, Florida. We feel it is important to inform our clients, associates, and customers that the real estate market in Tampa has a new trend, we no longer have over a year’s worth of inventory. As a buyer client, if you find a home you like, buy it before others start bidding. Instead of quoting a good article … (0 comments)
The Tampa Bay Real Estate Market remains a hot seller's market!
;)
;)
;)
