According to the President of the Greater Tampa Association of Realtors, Jack Rodriguez, “These statistics are extremely positive. Hopefully it signals a trend to better things ahead, both for real estate and the economy in general.”
Forecasters at Moody’s www.Economy.com predict that home prices will bottom out at the end of this year nationwide. This prediction is largely based on the assumption that President Obama’s recovery efforts, which includes a 2009 tax credit of $8,000 to home buyers who have not purchased a home within the last three years, will have a huge effect.
If you have any questions about the 2009 tax credit or would like to see some available homes for purchase in the Tampa Bay area, please contact our Real Estate Broker, Nibal Elsaadi in our Tampa office at 813.631.5144 or to schedule an appointment, please email Nibal@SIRealEstateInvestments.com.