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 buyers are actively entering the housing market in search of great real estate values. The Tampa Florida market is seeing an increase in activity sooner than other cities in Florida. Tampa Bay has seen an increase of about $5000 on average listing prices from last year as well. Many listings are being sold for well above the listing price. Trulia reports that New Tampa communities such as Tampa Palms, Hunters Green, and Live Oak are among the most active real estate communities and most popular right now. Also ranking high in activity and popularity are Ballast Point and Old Seminole Heights.
So I ask you again, why are you still waiting to get back in on this unprecedented market? Whether you are an investor looking for great ROI, or are in need of a single family home for yourself, the time to wait is over! Don’t be one of those home buyers who look back and say to themselves, “I wish I would have purchased sooner”. By that time it is too late, and you would have missed the most opportune time to reap what the market is currently offering.
If you would like to search for homes for sale in the Tampa Bay market, click this link and you will be directed to the Tampa Bay ListingBook page where you can create a free account and take charge of your real estate search. See what your agent sees by looking through the mid- Florida listings and have automatic updates sent to an agent who can help you achieve all of your real estate needs.
SI Real Estate offers highly personalized, multilingual, full-spectrum real estate purchase and sales services. We are a boutique for sophisticated investors, select owners or renters who may be upgrading locally, or those making traditional relocations. We also provide turnkey landlord and tenant management. Blending comprehensive insight into the Tampa Bay area with international perspectives for a worldwide clientele, we like to think that “SI Real Estate is Global Real Estate in Every Way!”