Tampa Real Estate | 2012 Year in Review
The real estate market has seen an abundance of activity in 2012, both positive and promising. The local Tampa real estate market has shown significant growth since January. It continues to point in the right direction. We started the year off hoping that the unemployment rate would continue to fall. To our benefit, it has fallen over 1.7% which is far better than the national average . There were also predictions of an increase in new home construction stemming from depleted inventory resulting in a more balanced supply and demand curve. Jumping forward, September realized more new home starts than any month in the past four years! Not only is this a strong indicator of builder confidence, which was the highest it has been in six years, but new home starts result in construction jobs created. Economists from the Home Builder Group suggest that with each new home built, three additional jobs are created and about ninety thousand dollars...