Well the end of the world has not yet hit us and since we led the nation into the foreclosure/credit crisis, there appears to be many people taking advantage of the deals in Tampa Bay.
As the news gets updated you are going to see some interesting trends:
* Home buyers picking up short sale and foreclosed properties as investments and as homes
* Less available choices for homes as less people list their house unless they have to.
* People realizing that interest rates cant stay this low for long based upon how the federal government is subsidizing our economy.
*Condo towers converting to rentals absorbing a lot of inventory...examples in downtown Tampa--Element, The Place, Grand Central which amounts to over 700 Condos off the market in one year.
Accelerating trends like you see in the news are just the beginning of this:
Then nationwide this: http://www.cnbc.com/id/28854489
Of course the national economy is the big question and how our new government handles it. 2009 could be an interesting year in real estate....is it the bottom of the market or just a temporary stop?
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