SI Real Estate Tampa and The Beaches

Tampa, Florida is one of the most attractive markets to get into in the entire country. After going through a harsh foreclosure stretch, the local economy has been picking up tremendously in recent years, and a vast group of investors have realized the potential of the Tampa’s metropolitan region and decided to move their businesses to Tampa Bay.   Companies like Bristol Myers, Amazon, and other major players are investing into this region by opening up new offices and distribution centers.   This investment creates new jobs and opportunities, and increases the overall productivity of the economy in the greater Tampa Bay. Already existing franchises such as The Tampa Bay Buccaneers, The Tampa Bay Lightning, The Tampa Bay Rays, Convention Center , the Tampa Bay Partnership , the Regional Transportation Authority, and many others have been working with the Chamber of Commerce, Tampa’s Convention and Visitor’s Bureau, supporting the entire metropolitan area in order establ...

We all know that the housing market has had some challenges in the last couple of years. As the real estate market starts to even out, housing affordability is higher than recorded in over twenty years. This means middle income families can comfortably afford to purchase their own home. The National Association of Home Builder/Wells Fargo records a Housing Opportunity Index (HOI) every year. This index compares the median income of families in a specified area compared to the income needed to comfortably afford a home purchase. This year they report, “73.9 percent of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400.” This statistic is significant because it is the highest percentage on record since they started collecting this data in 1991. How does this compare to the Tampa Bay market? The HOI in Tampa is 78.2% in the fourth quarter of 2010, with a median income of $59,400. The Tampa real estat...