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)
tampa realtor: The Amazing Benefits of the VA Loan Program
- 12/03/20 12:54 PM
Unbeatable Perks that Help Our Veterans Purchase their Dream Home The VA Loan Program is one of the best mortgage options out there. VA Loans are designed to make homeownership affordable for veterans and active-duty military members. There are millions of veterans and service members that are eligible, but only a few use their benefit. If you qualify for this type of loan, here are a few reasons to take advantage now!
VA Loans are relatively easy to qualify for. VA Loans are backed and guaranteed by the U.S Government. Because there is less risk involved for the bank, there is a higher chance … (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)
tampa realtor: Florida Real Estate Sales Double Compared to Last Year
- 09/25/20 12:39 PM
When Florida comes to mind, many used to think of a vacation spot or a place to eventually retire. This has all changed over time, but especially in 2020. Florida has become one of the hottest places to relocate due to the Coronavirus. According to the Daily Mail, around 950 people move to the Sunshine State each day. According to a Douglas Elliman August report, new contracts for single-family homes and condominiums continued to rise in Pinellas and Hillsborough County — after having doubled in July.
The Coronavirus lockdown resulted in many people reflecting on their lifestyles, especially work from home orders … (0 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)
In the past few years, we have watched the once sleepy bay area transform into a vibrant city with pockets of lively neighborhoods. A variety of creative restaurants and rooftop bars emerged as well as chic residential dwellings.
A billion-dollar investment from Bill Gates attracted technology and consulting companies like ConnectWise and PriceWaterhouseCoopers. Multiple new Amazon facilities and the possibility of becoming the headquarters for Space Force is also sparking interest in the Tampa Bay Area. Many neighborhoods have been brought to life such as Channelside, Hyde Park, and the southernmost point at Tampa’s Marina … (0 comments)
Do you prefer the charm of a home with history or the idea of a bright and shiny untouched single-family home in a new community? One of the first decisions you will make as a homebuyer is whether new construction or resale home is for you and your family! Below we explore a few pros and cons of both options. Remember that you’ll want to hire an experienced real estate agent that has experience with both scenarios to help guide you in making an informed decision. The best part? Your real estate professional will … (2 comments)
tampa realtor: Real Estate Pulse from Tampa Bay
- 07/24/20 09:15 AM
New Home Sales on the Rise Due to Pandemic New stats have come in via LinkedIn that shows an interesting real estate market trend. New home sales have jumped a whopping 55% since last year.
This is a HUGE increase! We are observing that more and more people are taking a preference towards less congested areas with their own living space. This is not only due to COVID and the lockdown, but many millennials have begun to settle down and have families. The mortgage rates also have increased buyer interest in homes of all types!
New construction homes are gaining more … (1 comments)
tampa realtor: 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)
The Tampa Bay Real Estate Market remains a hot seller's market!
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