Why Tampa Real Estate Remains a Solid Investment
If you have been sitting on the
side-lines waiting for
Tampa real estate
to hit rock bottom now might be a better time to buy
than you think. Learn why Tampa real estate remains
a solid long-term investment with these fast facts:
1. Baby Boomers. Demographics
matter and the biggest cohort is comprised of Baby Boomers
that love sun and fun. Unlike older generations of yesteryear,
Baby boomers are one of the most economically advantaged
groups in the nation and consistently list Florida among
the top retirement destinations.
2. Top Three. According to
research conducted by the U.S. Census, Florida, California
and Texas will account for 46 percent of total U.S.
population growth by the year 2030.
3. Continued Growth. Florida
is adding over 1,000 people each and every day, month
after month, year after year and is expected to continue
to do so...for the next 25 years!
4. Inflation. The stock market
is down 20 percent (not adjusted for inflation), fuel
is at historic levels and the dollar is plunging against
other currencies; by comparison Tampa homes for sale
have experienced similar downturns making them more
affordable than they have been in years however, inflation
is expected to increase the cost of raw materials which
will eventually drive up the price of homes.
5. Interest Rates.
Interest rates remain at historic lows creating
a buying opportunity for those seeking to save a bundle
by purchasing Tampa foreclosures or new homes for sale
throughout the greater Tampa area.
6. Long Term Price Increases.
Long term demand coupled with declining housing starts
will create long term upward pressure on prices. Additionally,
the falling dollar and rising rate of inflation are
simultaneously creating upward pressure on everything
from the cost of raw materials to transportation; although
the current movement of
Tampa real estate
has been a reduction in selling price, most experts
expect prices to stabilize and then move upward as inflationary
pressures make homes more expensive and the inventory
of existing homes shrink.
7. Tightening Lending Standards.
The sub-prime mortgage situation has resulted in banks
beginning to tighten lending standards and the Federal
Reserve is already talking about raising interest rates
to tackle the problem of inflation.
Saving money on a home is only half of the equation;
all the money you save on the purchase price of the
house could be more than offset by increased interest
rates, larger deposits and increased closing costs.
I would sincerely like to help
you with all your real estate needs. My extensive knowledge
of real estate investing, 1031 exchanges, quality of
home construction can save you thousands of dollars
when buying a home and dozens of hours looking for the
wrong home. Please do not hesitate to give me a call
813-317-4009. - Lance Mohr
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