SI Real Estate Tampa and The Beaches

Every now and then it is prudent to analyze our real estate market pulse, both locally in Tampa and nationally, so we have an improved indication of what the market is doing and why it is behaving as such. Real Estate professionals and consumers have been inundated with reports and surveys that are demonstrating how the real estate market is now thriving.  By taking a closer look, we can say with certainty that the real estate recovery is making more movement than ever before. The month of May marked the 19 th consecutive month that home values have risen.  We have not seen measureable housing starts at this level since the summer of 2004. Home buyer traffic is also up above 29% from this time last year.  Looking back on this time last year, national home values have increased by 5.4%. Our local Tampa, Florida market saw an increase of 15.5% from a year ago, which translates to approximately a $17,000 increase !  Zillow projects home values ...

Home Ownership Benefits Local Neighborhoods and Communities A recent report by the NATIONAL ASSOCIATION OF REALTORS® (NAR) Social Benefits of Homeownership and Stable Housing explores the impact of home ownership on communities. Many home owners in Tampa, Florida who have made an investment in their future by purchasing a home rather than renting already know the positive impact home ownership has had on their lives, but are they aware of the positive impact real estate and home ownership is making in their community as a whole? This report takes a close look at the ownership of homes and the impact of stable housing, as opposed to transitory housing and homelessness, on social outcomes looking at educational achievements, civic participation, health benefits, crime, public assistance, and property maintenance and improvement. “Homeownership certainly contributes to positive social outcomes, but those outcomes are truly a result of stable housing communities,” said Vicki Cox Golde...