SI Real Estate Recaps 2011
It is quite common that around this time every December, end of the year recaps in various markets are released. You may hear a top 20 songs on the radio or see lists of best movie releases in 2011 on the television. Whether you care about what comes in at #1 on any list, it serves as a brief snapshot of what was news worthy that year. Here are a few of the more interesting and significant real estate stories of 2011 for you. Mortgage rates hit an all time low, and dropped to 3.94 this year according to the National Association of Realtors. In some Florida cities, including Tampa, home ownership became cheaper than renting! On the flip side, the unemployment rate made some of those buyers and investors hesitant to go forth with a transaction. Some people may look back on 2011 as the best time in years to buy real estate and make an investment. The Florida Legislature also showed signs of brighter days to come. In November 2012, Florida voters will be able to vote on Amendment 4, “sc