Wednesday, July 25, 2012

Real Estate Pulse: Continued Growth for 2012

Fannie Mae chief economist Doug Duncan recently stated that the U.S. will continue to see economic growth through 2012. He noted that although the growth may not be as fast paced as the beginning of the year, it will be heading in the right direction, none the less. The housing sector has shown positive signs thus far in 2012, and while mortgage rates remain at an all time low, more and more real estate consumers are starting to cash in and take advantage. Compared to the same time last year, home sales are up by 9 percent. Duncan also pointed out that residential home investments are expected to increase this year and should help contribute to the general economic growth that has been thirsty for such activity since 2005. Homeowners are showing greater levels of confidence in regards to the housing market and more specifically to home price expectations and outlook.

A more local real estate report for Tampa, Florida also shows optimistic signs of progression. Median home sale price is up almost 15% compared to this time last year. The average listing price saw only a small increase and is at $308,425. Tampa Florida’s most popular communities include Old Seminole Heights and Tampa Palms. The New Tampa area which encompasses Tampa Palms, Hunters Green, and Live Oak are showing higher sale prices than other parts of Tampa Florida which makes it an attractive market for both single family home buyers, as well as investors looking for a high return on their money. For more information on New Tampa homes, visit our website and leave an inquiry.

SI Real Estate offers highly personalized, multilingual, full-spectrum real estate purchase and sales services. We are a boutique for sophisticated investors, select owners or renters who may be upgrading locally, or those making traditional relocations. We also provide turnkey landlord and tenant management. Blending comprehensive insight into the Tampa Bay area with international perspectives for a worldwide clientele, we like to think that “SI Real Estate is Global Real Estate in Every Way!”