Real Estate Recap: Tips to Know & Knowledge to Practice
The year of 2013 has proven to be quite eventful for the real estate industry, both in the Tampa Bay area and nationwide. Over the last nine months, we have been carefully monitoring the market activity and headliners, and planning accordingly in order to stay abreast of real estate from all angles. Starting Off Strong At the beginning of this year, Tampa’s real estate market continued the upward trend that 2012 produced. Home buyers, and the affordability of housing, were finally receiving some serious recognition, and it was a strong way to begin the year. The number of homes that were either in foreclosure, or were seriously delinquent, dropped by over 300,000 units from October 2011 to the end of 2012, and the market quickly transitioned towards becoming a seller’s market, which is in part where we are today. Home Values Soar In the first few months of 2013, Tampa experienced an astounding 22% increase in median home sale prices, while the ...