market: 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)

market: A Glimpse Into The Real Estate Crystal Ball: Real Estate Forecast 2017 - 02/02/17 08:21 AM
As the buzz of New Year celebrations have settled down, many people are taking a closer look at the pulse of the real estate market for the year ahead. Whether you are considering buying a new home or selling your existing home, 2017 is looking like a promising year for your potential real estate transactions!
Kicking off 2017, Realtor.com has released their yearly forecast, predicting a sales volume increase of 4.17% across the southern Florida market. Despite South Florida’s strong population growth and stable job creation, 2016 saw a decrease in home and condo sales – making this year’s sales prediction music … (3 comments)

market: Real Estate Pulse 2016: Short Supply Continues to Push Home Prices Up - 03/08/16 03:31 AM
Real Estate Pulse 2016: Short Supply Continues to Push Home Prices Up
 
It’s no secret that for the past 6-8 months the supply of single family homes has been well below average. Here in the Florida market, the lack of homes to purchase is causing a buyer frenzy. Specifically in the Tampa Bay and Miami housing markets, the shortage is readily apparent. Prices have shot up already in the beginning of 2016 as both first time home buyers and move up buyers struggle to find what they want without paying a supply shortage premium. Shoppers are also having to compete with other … (0 comments)

market: Florida’s housing market 2015: Report Card! - 02/22/16 02:22 AM
Now that the Real Estate industry has final numbers from 2015, they are releasing that data and the subsequent results of last year. As we have reported many times throughout the last 12 months, 2015 was a very strong year in the housing market. After reflecting on 2015, FL Realtors President Matey Veissi states “Florida’s economy is in growth mode, more jobs are being created and mortgage interest rates remain at historically low levels which will continue to drive the state’s housing market in 2016.” Let’s see what else the 2015 FL housing market report says and the impressive numbers it … (2 comments)

market: Florida’s housing market 2015: Report Card - 02/19/16 02:35 AM
Now that the Real Estate industry has final numbers from 2015, they are releasing that data and the subsequent results of last year. As we have reported many times throughout the last 12 months, 2015 was a very strong year in the housing market. After reflecting on 2015, FL Realtors President Matey Veissi states “Florida’s economy is in growth mode, more jobs are being created and mortgage interest rates remain at historically low levels which will continue to drive the state’s housing market in 2016.” Let’s see what else the 2015 FL housing market report says and the impressive numbers it … (1 comments)

market: Real Estate and Housing Predictions for 2016 - 02/03/16 01:04 AM
SI Real Estate Tampa Bay is excited to see what 2016 has in store for the housing market.
 
We were pleasantly surprised with the uptick in real estate activity in 2015. Of course everyone is turning the page to the New Year, and consumers are contemplating what to expect in the housing market. The professionals here at SI Real Estate fully believe this year will be an even better one, eclipsing the fantastic turn-around last year that took place throughout the US. Some of the key reasons for this that we are going to talk about: interest rates/lending, inventory, and pricing.
Interest rates … (0 comments)

market: 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)

market: 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)

market: 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)

market: 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)

market: Florida’s economy has only gone up, since 2012! - 10/06/15 03:49 AM
 
 
 
It’s no secret by now that Florida is pushing past the recession this year in 2015. Economists and experts have been optimistic all year, and the data is continuing to back them up. Sean Snaith, a highly respected economist at UCF says Florida’s GDP will continue to climb at least through 2018. Could we really see economic growth lasting that long? Snaith fully believes so, citing average housing prices up, payroll being up and real gross state product steadily rising for a while now. The SI Real Estate team fully agrees, as we are seeing rising home prices as well as … (2 comments)

market: 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)

market: Real Estate Pulse: July New Home Sales up 25%! - 10/06/15 03:21 AM
July New Home Sales up 25%!
 
 
 
 
If you have been following SI Real Estate’s blog this year… we have been tracking the housing market from January all the way through now.  As predicted, the market has been rebounding all year! The most recent news is fantastic, with New Home Sales up 25% in July 2015 versus July 2014.  That is a LARGE rebound in a short amount of time. Another pertinent statistic for tracking the real estate market: we saw an increase of new home sales from June to July, up 5.4% or 26,000 more home sales in July. 
The numbers that were … (2 comments)

market: 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)

market: 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)

market: 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)

market: 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)

market: 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)

market: January Home Sale Data is forecasting a strong 2015! - 02/02/15 12:20 AM

Back in 2008/2009 after the Real Estate market crashed, economic and Real Estate experts were repeatedly forecasting a 6-7 year recovery period. They all highlighted 2015 as the year we would see resurrection in the housing market. Well that prediction seems to be coming to fruition now! We are seeing many positive reports and trends from late 2014 to early 2015.
 
We are starting to see the rebound all around Florida, but extra activity in Tampa Bay. The excitement/enthusiasm is building here and our team here at SI Real Estate is noticing.
Normally home sales in January are expected … (0 comments)

market: August Real Estate Pulse: Existing Home Sales Spike in July 2013 - 08/23/13 02:31 AM

Since 2009, existing home sales have never been so high. July 2013 recorded and increase of 6.5% in comparison to June of the same year. A seasonallyadjusted annual rate of 5.06 million in June went up to 5.39 million in the month of July. This indicates a double-digit year-over-year increase in the real estate market. The median price for existing homes was $213,500 in July which was 13.7 %more than in the previous year at the same time. Also, 15% of the July sales were distressed homes foreclosures and short sales which indicated the lowest share since October 2008.  “The size … (0 comments)

 
Nibal Elsaadi (SI Real Estate Tampa)

Nibal Elsaadi

Tampa, FL

More about me…

SI Real Estate Tampa

Address: 1046 W. Busch Blvd., Suite 100, Tampa, FL , 33612

Office: (813) 631-5144

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