Friday, December 31, 2010

SI Real Estate Wishes You a Happy New Year!

2010 has been an exciting year for the real estate market in the Tampa Bay area. SI Real Estate has reported the year’s real estate events on our weekly blog to keep our readers abreast of our ever changing real estate market. Major notable factors in the real estate market came into play producing a fast paced year of sales. The extension of the 2009 First Time Home Buyers Tax Credit into 2010 fueled the market for the first portion of the year. REO (bank owned) properties sold just as quickly as they came on the market, many seeing multiple offer situations. A huge influx of foreign investors getting into the real estate action here in Tampa and in many places across the country caused an interesting adjustment to the home buyer pool. Interest rates hovered at near record lows for the entire year. Wow! No wonder the year went by so fast.

SI Real Estate hopes you have had a prosperous year, and looks forward to continuing to report Tampa Bay’s real estate news and events to you in 2011.

Happy New Year to our friends, families, colleagues and clients. Be safe, be at peace. May 2011 be your best year yet!