Here is the most recent housing market report for Tampa. If you are want to know how HOT the real estate market is in Tampa watch this video.
Visit our website for more information on the housing market and homes for sale.
Here's the latest housing market report for Tampa. If you have any questions please contact me.
Here's the latest housing market update for Tampa.
If you have any questions please call or text me.
Visit our Tampa Bay real estate website. Click here.
The housing market data provided has been pulled from the MLS, regarding single family homes in the Tampa/Hillsborough county areas in Florida. This month in real estate news: we are still in a Sellers’ market and it’s hot! Active listings are a little down, while pending & completed sales are higher and looking up. From the supply and demand point of view, the inventory rate has dropped and it’s low. So if you are looking for a home in the $100K – 300K range, it will be a tight housing market because of that. It’s tough for buyers right now, because there is a good chance that they will run into multiple offers due to the low inventory of homes out there. At the moment, most of my listings currently are receiving multiple offers, which exemplifies just that. The buyer that usually wins a multiple bid situation has all their ducks in a row lending-wise and as long as they have hired a good & aggressive realtor who knows what they’re doing. Not all agents are the same, so be particularly selective when it comes to choosing the best Tampa realtor to represent your interests. Informing yourself of real estate market reports and housing market trends at the start of your search will come in handy and prepare you for the home buying process. This housing market update video for April 2016 will generally give you a good idea of how the Tampa real estate market is at this time.
Visit www.tampa2enjoy.com to view all homes for sale in Tampa Bay including Free home buyer and seller webinars. Plus – check out my real estate educational YouTube Channel at www.youtube.com/tampa2enjoy.
Here's some great real estate news on the housing market in Tampa for March.
If you have any questions about the Tampa housing market or general residential real estate please contact me. My website is www.tampa2enjoy.com.
Learn how to market your home the right way to sell your home faster and get more value. Whether you're selling your home in Tampa or elsewhere, these tips will work.
Over the past 5 years the mortgage, appraisal and real estate industry has seen regulations cripple the housing market. Our politicians are over regulating the real estate industry due to their incompetence and deregulation that occurred in 1999.
Mortgage Credit Availability Decreased Slightly in November
“A significant number of loan programs allowing for more than 95 LTV and low-to-mid range minimum FICOs were either discontinued in November, or transitioned into programs with lower LTV maximums and/or higher minimum credit scores. Investor pull-back from programs with greater than 30 year terms and Interest-Only programs continued as the industry prepares for new regulations coming into effect in January 2014.
Some decreases to the index were offset by investors increasing their cash-out offerings to well-qualified borrowers.”
Senator Byron Dorgan warned us about the risks posed by the Gramm-Leach-Bliley Act that deregulation of the banking system.
Hopefully we can all put our thinking caps on and vote for our public servants that actually know something and have experience in business and real estate. The politicians can point the finger at everyone else, but if they want to know who is responsible all they need to do is look in the mirror.
If you are looking for real estate in Tampa click here. We have a lot of very educational videos on buying and selling a home.
If you live in a rural area the government shutdown can end up having a sizeable impact on you selling your home. Since a lot of potential home buyers don’t have much money saved up for a down payment and mortgage closing costs they rely on the USDA loan. The loan allows buyers to get 100% financing and the seller can pay a percentage of the buyers closing cost. With the government shutdown the Department of Agriculture will not make or guarantee any loans.
Government shutdown will freeze USDA mortgage operations
“One of the biggest questions regarding the shutdown and how it will affect housing has revolved around the mortgage market, specifically prospective buyers’ access to new home loans. After all, more than 90% of all loan activity is underwritten, insured, or owned by the government and its affiliated entities.
Initially at least, the mortgage market is likely to be only minimally impacted. New loans will continue to push through most government agency pipelines. What will change is how long the process takes, as many agencies expect to experience delays.”
If the shutdown last for more than 10 days you will not only see potential buyers and seller get hurt, but consumer confidence will start to drop and that will hurt the real estate market in the long term. Let’s hope that our public officials can put their differences aside and do what is best for the American people.