The Next Real Estate Boom: Buy-To-Rent
The year of 2013 has been proven to be an eventful time for the real estate market, especially here in Tampa, Florida. So far this year, we have discussed: the impact of international investors on the recovery of the housing market, the significant presence of Millenials as first-time home buyers, the recent mortgage rate activity with predictions of what to expect, the low housing inventory levels, and the encouraging signs of home value increases. So what can we expect to see as the next big move in real estate? The latest headline to grab the attention of the Tampa market came from a CNN Money article labeling Tampa, Florida at third place out of the top ten cities with highest percentage of all-cash home sales throughout the country. This is a positive sign of correction and stabilization returning to our real estate market. An astonishing 58% of all home sales in Tampa last month were settled in cash. This group of purchasers is made up of both international inves...