market: Housing Market: Mid-Third Quarter Snapshot
- 08/17/12 05:32 AM
If you are still looking for reasons to buy a home, look no further. The reports have been released. Real Estate consumers are finally beginning to act on their instincts. A brief comparison of Tampa, Florida’s housing market versus this time last year shows great improvements that will eventually lead to an even more stabilized real estate market.
Home sales have increased about 8% since this time last year. Not a huge increase, but positive activity nonetheless. What is most encouraging when looking at year over reports of Tampa, Florida is the month supply of homes on the market. … (0 comments)
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market: Tampa Real Estate Pulse: SI Real Estate
- 05/23/12 06:01 AM
Continued signs of a market that is in recovery are being brought into light more and more nationally and locally. A recent study conducted by the National Association of Realtors showed improvement in 74 out of 146 areas as it relates to median sales price. The best performing district was in Cape Coral Florida, which is not too far from the Tampa, St. Petersburg, and Clearwater tri-city area. The Gulf Coast of Florida was amid the top performing markets in the U.S. The last quarter of 2011 showed 29 areas that displayed signs of improvement, so the year has started better … (0 comments)
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market: 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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market: 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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market: What is the Pulse of Your Market?
- 02/10/12 02:53 AM
http://www.review.net/section/detail/2-7-2012-tampa-recovers-despite-reo/
Tampa Real Estate Pulse: Our market is again on the move in 2012 and we are reminded that our local market is above national averages. What’s your pulse? We would like to know how the real estate market in your area is doing. Tampa has seen significant increases in the last couple of months in both home sale prices and mortagage applications. With the continous flow of foreign investors coming with cash,Tampa's housing market is sure to pick up in 2012.
… (2 comments)
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market: The State of the Real Estate Market in Tampa Bay, by SI Real Estate
- 01/23/12 05:32 AM
The net sum of a great deal of graphs, much raw data, and more information from economic and industry trends analyzed by experts, and first hand experience of a professional, is that the Tampa Bay Real Estate Market is making a visible turn. There is a obvious uptick in the prices of homes overall, prices per square foot of real estate, days and overall time on the market, and even new construction starts. To recognize this trend and real estate market, it is our opinion that one must have been a vigorous professional when it was trending up, when at the … (0 comments)
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market: Real Estate Tips: Be a Savvy Buyer
- 06/17/11 05:55 AM
In 2011, real estate remains a true buyer's market. In Tampa, prices are the lowest in the last decade and interest rates at historic lows, now is the time to purchase real estate. Whether it is your dream home, a vacation home, or an investment property you need to make sure you are looking at the big picture. Buyers now more than ever need to be savvy to recognize the good value when they see it.
Realty Times just published an article this week, "Savvy Buyers Know Value When They See It". In this PJ Wade, compiles a list that all … (2 comments)
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market: 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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market: 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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market: 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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market: Tampa Real Estate Trends for Buyers/Sellers
- 03/24/11 07:49 AM
The Real estate market is still changing. Homes are selling every day however, buyers have changed their expectations. Keeping you informed on what to expect when buying or selling a property in today's market.
1. Buyers are opting for smaller homes
Constraints on housing market really have made buyers reevaluate what is necessary in their next home purchase. A study conducted by the National Association of Home Builders (NAHB) reveals that homes are expected to be ten percent smaller in the next couple of years. "To save on square footage, the living room is high on the endangered list-52 percent … (0 comments)
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market: Tampa Real Estate Market is Moving, SI Real Estate Seeks New Agent
- 03/09/11 08:15 AM
Over the last couple of weeks, SI Real Estate has been posting updates on what we see in the Tampa real estate market. We have shown trends of Housing Affordability being the highest in 20 years, we have discussed that Tampa, Florida is one of the most searched real estate markets online, and the large increase in Purchases and Multiple offer competitions in the Market. All of this adds up to the conclusion the market is changing and we want to be ready for it. SI Real Estate is front and center in the Tampa Bay real estate market we are … (0 comments)
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market: 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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market: The Affordability of Housing Reaches a 20-Year Peak
- 02/25/11 06:14 AM
We all know that the housing market has had some challenges in the last couple of years. As the real estate market starts to even out, housing affordability is higher than recorded in over twenty years. This means middle income families can comfortably afford to purchase their own home.
The National Association of Home Builder/Wells Fargo records a Housing Opportunity Index (HOI) every year. This index compares the median income of families in a specified area compared to the income needed to comfortably afford a home purchase. This year they report, "73.9 percent of all new and existing homes sold … (1 comments)
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market: SI Real Estate Has Its Finger on the Pulse Of The Real Estate Market in Tampa Bay
- 02/15/11 05:03 AM
Pulse 1 ~The Buyers Real Estate Market
Local, national and international buyers are purchasing real estate here in the Tampa Bay area and around Florida like there is no tomorrow. The real estate market is booming with sales. Real estate prices are fantastic, mortgage interest rates are great, and people are taking advantage of the opportunities that are available.
At this point in time, it is becoming more the norm to have multiple offers on properties for sale, indicative of the swarm of buyers into our real estate marketplace in Tampa Bay. First-time home buyers, along with move-up … (2 comments)
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market: Owners and Renters Agree: Owning a Home is a Smart Decision
- 01/28/11 05:41 AM
People in Tampa, Florida know that home ownership is a smart decision. It is not just here either. According to a recent survey by the National Association of Realtors®, "A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term."
"Home owners and renters agree that home ownership benefits individuals and families, strengthen our communities, and is integral to our nation's economy," said National Association of Realtors® President Ron Phipps. He added, "The results of this survey illustrate just how important issues related to home ownership are to … (4 comments)
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market: THE TIME TO BUY IS NOW!
- 01/05/11 05:15 AM
Real estate conditions in Tampa, Florida make it genuinely a "Buyer's Market" now. Whether you are a first-time home buyer, a move-up home buyer, vacation or second home buyer, or a real estate investor, THE TIME TO BUY IS NOW!!!
Take into account the fact that interest rates are hovering at near record lows. For those buyers are able to take advantage of interest rates at or below 5%, it is simply a smart business decision. The combination of fantastic interest rates bundled with record affordability of property prices makes it a no brainer.
Right now appears to be the best … (0 comments)
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market: SI Real Estate Wishes You a Happy New Year!
- 12/31/10 05:03 AM
2010 has been an exciting year for the real estate market in the Tampa Bay area. SI Real Estate has reported the year's real estate events on our weekly blog to keep our readers abreast of our ever changing real estate market. Major notable factors in the real estate market came into play producing a fast paced year of sales. The extension of the 2009 First Time Home Buyers Tax Credit into 2010 fueled the market for the first portion of the year. REO (bank owned) properties sold just as quickly as they came on the market, many seeing multiple offer … (3 comments)
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market: Tampa Bay Real Estate Market in 2010 The Year in Retrospect
- 12/17/10 06:59 AM
This has been an exciting year in the real estate market in Tampa, Florida. The real estate market moved at a fast pace in the first half of the year when the federal government decided to extend the 2009 Homebuyer Tax Credit. Originally, the tax credit was to end on November 30, 2009. However, the 2009 First Time Home Buyer Tax Credit was extended so that those with a binding contract on or before April 30, 2010 and closing on or before June 30, 2010 would be able to take advantage of this fantastic opportunity to become a homeowner. This fueled … (0 comments)
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market: REALTORS® in Tampa, Florida Gain New Perspective On Global Real Estate Market
- 11/19/10 05:01 AM
SI Real Estate has specialized in working with international real estate clientele for many years, and it appears that many other REALTORS® in Tampa, Florida and around the nation are learning the importance of understanding this sector of the real estate marketplace. The real estate market continues to enjoy a large international investor pool of buyers. This is great for the real estate market and the economy as a whole as it helps to reduce inventory of properties for sale and will lead to housing price stabilization.
The 2010 REALTORS® Conference & Expo in New Orleans that was held in the … (0 comments)
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If you are still looking for reasons to buy a home, look no further. The reports have been released. Real Estate consumers are finally beginning to act on their instincts. A brief comparison of Tampa, Florida’s housing market versus this time last year shows great improvements that will eventually lead to an even more stabilized real estate market. 
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