Many of us in the industry have been telling people about the current opportunities in the market. Market conditions continue to improve.
What is happening:
1) Inventory is finally starting to shrink
2) Desirable properties are getting multiple offers pusing offers off the bottom.
3) Interest rates are still at historic lows
4) The wild card is our economy which continues to show signs of life.
5) Rental Homes inventory is extremely low in key South Tampa areas.
Dont just take me word, and dont miss out on this historic set of events that have made this the time to buy.
Check this out:
Demand for Housing Will Increase in 2011
Steve Armstrong, Realtor Certifying Agent, Florida Green Builders Coalition Smith and Associates Real Estate http://www.UniqueTampaHomes.com
Showing posts with label Tampa real estate. Show all posts
Showing posts with label Tampa real estate. Show all posts
Tuesday, December 14, 2010
Saturday, July 24, 2010
Tampa Real Estate market is changing
After reading Stephanie Streeter's blog on the Smith Web Site about a recent example of how the real estate market continues to evolve, I too have stared to see a trend in investors looking for deals. I even have a collection of buyers still waiting for that special home and wanting something of quality at a reasonable price.
One of our latest listings was a burned out house had more interest than any other property that we have listed.
While the condo market shows little less promise, single family homes show great opportunity. Mortgage rates are even lower now than they were during the First Time Home Buyer incentives making homes an even better deal.
I have even gotten the bug this summer and bought a vacation home in the North Carolina Mountains....
Steve Armstrong, Realtor Certifying Agent, Florida Green Builders Coalition Smith & Associates Real Estate http://www.UniqueTampaHomes.com
One of our latest listings was a burned out house had more interest than any other property that we have listed.
While the condo market shows little less promise, single family homes show great opportunity. Mortgage rates are even lower now than they were during the First Time Home Buyer incentives making homes an even better deal.
I have even gotten the bug this summer and bought a vacation home in the North Carolina Mountains....
Steve Armstrong, Realtor Certifying Agent, Florida Green Builders Coalition Smith & Associates Real Estate http://www.UniqueTampaHomes.com
Friday, January 1, 2010
2010 More Great Buying Opportunities in Tampa Bay!
As 2010 rolls in, many of us are looking for opportunities for in real estate for investments, homes, offices and vacation homes.
On a positive note for buyers, prices have dropped in the Tampa Bay area further than other major metropolitan area according to the Case Shiller Index.
Case Shiller shocker: Tampa Bay is biggest monthly home price loser
Sellers will continue to struggle with the challenge of foreclosures and short sales consuming the market.
When buying property, always be aware that there are challenges when working with a Short Sale or REO (Real Estate Owned) property. It is in your best interest to work with experience representation, mortgage bankers, and title companies in the Short Sale or REO arenas. Short Sales and Foreclosures can be frustrating but also can be profitable!
Happy 2010!
Steve Armstrong, Realtor
Certifying Agent, Florida Green Builders Coalition
Smith & Associates Real Estate
http://www.UniqueTampaHomes.com
On a positive note for buyers, prices have dropped in the Tampa Bay area further than other major metropolitan area according to the Case Shiller Index.
Case Shiller shocker: Tampa Bay is biggest monthly home price loser
Sellers will continue to struggle with the challenge of foreclosures and short sales consuming the market.
When buying property, always be aware that there are challenges when working with a Short Sale or REO (Real Estate Owned) property. It is in your best interest to work with experience representation, mortgage bankers, and title companies in the Short Sale or REO arenas. Short Sales and Foreclosures can be frustrating but also can be profitable!
Happy 2010!
Steve Armstrong, Realtor
Certifying Agent, Florida Green Builders Coalition
Smith & Associates Real Estate
http://www.UniqueTampaHomes.com
Monday, August 17, 2009
Tampa Bay Real Estate trend
It is hard to believe that I have not posted to here in a while.
As you read the news you will see some great trends in real estate sales specifically in the 200K to 400K range where homes are selling!!!!
why is this? I would say the $8000 tax credit is driving first time home buyers into the market and the deals are amazing.
It is harder and harder to find a short sale or foreclosure property on something that is a good property. Jump in now!
Steve Armstrong, Realtor
Certifying Agent, Florida Green Builders Coalition
Smith & Associates Real Estate
http://www.UniqueTampaHomes.com
As you read the news you will see some great trends in real estate sales specifically in the 200K to 400K range where homes are selling!!!!
why is this? I would say the $8000 tax credit is driving first time home buyers into the market and the deals are amazing.
It is harder and harder to find a short sale or foreclosure property on something that is a good property. Jump in now!
Steve Armstrong, Realtor
Certifying Agent, Florida Green Builders Coalition
Smith & Associates Real Estate
http://www.UniqueTampaHomes.com
Monday, January 26, 2009
Homes Sales up in Tampa 2008 over 2007
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?
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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