Friday, October 23, 2009

Featured Property of the Week - 1694 Palace Dr. Clearwater, FL

This spacious three bedroom three bathroom single family home is located in the desirable neighborhood of Woodridge Estates in Clearwater, Florida. Situated on a large corner lot, the single story home features beautiful details and upgrades throughout including new custom oak cabinetry in the kitchen, ceramic tile and new bamboo flooring, and French doors that open to a separate den.

The foyer opens to the large living room and formal dining room. The spacious kitchen has been upgraded with all new appliances, sparing no detail whatsoever. Accessible from the kitchen is an additional large dining room with built-in computer niche and back yard access. New home owners will love this fresh and updated house.

A hall leads to a full the beautiful master suite with large closet and attached bathroom. The two guest bedrooms are also furnished with large closets and bamboo flooring throughout. A fully functioning laundry room is located off of the two car garage and features full-sized washer and dryer, sorting table, drying shelves, wash basin, and additional bathroom.

A large, low maintenance backyard is an excellent value to this Clearwater home. Privacy fence, mature trees, tree house, and patio makes this yard a wonderful Florida retreat. The home also features a shed and private cement pad ideal for boat, RV parking or additional car parking.

The concrete block house in Pinellas County has hurricane shutters and a new Genex 18KW propane generator capable of providing two weeks of electricity for the entire house, making it a solid residence. The home is conveniently located just minutes from ample shopping and dining and just fifteen minutes from the pristine Clearwater beaches and SR60 - allowing for an easy commute throughout Clearwater and Tampa Bay. This house is a must-see and is currently listed at $285,000 with no improvements needed.

View a virtual tour of the home:

Wednesday, October 21, 2009

Positive Real Estate News | Positive Home Builder Growth

Economists Annouce that the Three-Year Housing Slump is Coming to an End

The positive real estate and economic recovery news is hard to ignore these days. Although there may still be some mixed signals, overall economy and real estate trends look encouraging. Some of the most recent upbeat news this week was from one of the country's top group of forecasters. The National Association of Business Economists declared that the 22 month recession is finally over!

After its latest survey of members, the NABE stated "The good news is that the deep and long recession appears to be over, and with improving credit markets, the U.S. economy can return to solid growth next year without worrying about inflation." The association also said that the three-year downturn in the housing market appears close to an end.

As reported by BusinessWeek, more than 80 percent of economists believe the recession is over and an expansion has begun, though it is expected that the recovery will be slow as worries over unemployment and high federal debt persist.

The consensus forecast from the business economists is for the Gross Domestic Product (GDP) to grow by 2.9 percent, and for new housing starts to jump by an impressive 38 percent. Home resales tend to be closely tied with the GDP, meaning that positive growth for the GDP will result in positive growth for the national and local Tampa Bay real estate market.

Additional positive news for the real estate market is that home prices in many major metropolitan markets are continuing to bounce back. Although some are still seeing a decline, cities such as Boston and New York are reported to have experienced more than a 1 percent increase. Tampa has also been witnessing its own signs of price increases.

Even more positive news - the real estate market right now continues to enjoy mortgages at sharply discounted interest rates. Fixed 30 year rates averaged 5 percent last week, and 15 year rates came in at 4.4 percent.