SI Real Estate Tampa and The Beaches

The year 2013 has been a very positive year when it comes to the recovery of the housing market. We have followed the rising prices of homes, increase in newly build constructions sold,   homebuilders regaining trust and increasing the inventory, and we also witnessed people who went through a bankruptcy rejoining the housing market after rebuilding their credit. It is obvious that we still have work to do in order to reach the country’s potential but analysts agree on the fact that we are heading towards a bright future. According to David Crowe, chief economist for National Association of Home Builders, “the cards are in play for a decent and fairly strong recovery in 2014 and particularly in 2015.” What does this mean for people who have real estate needs but are not sure if it is the right time to enter the housing market? With a better inventory and more options on the market and with stricter but also more secured mortgage loans, the customers will realize that the ...

The U.S. Congress is currently discussing an extension and expansion to the $8,000 tax credit for first-time home buyers in a bill which has been instrumental in breathing life into the U.S. real estate market. With a decision expected to be made this week, Tampa builders, Tampa buyers and Tampa real estate professionals are all anxiously awaiting the good news that is expected to continue the positive momentum in the housing market movement. With the current tax credit expiring on November 30th of 2009, this extension would give buyers until mid-2010 to close on a new home. In addition to the extension, an additional credit of $6,500 would be created for move-up buyers who are searching for a new primary residence. The National Association of Home Builders expects that the extended and expanded home buyer tax credit will generate 180,000 additional sales, bring in $5 billion in federal taxes and create 211,000 new jobs. Home builders, who have recently been seeing progress in the mar...

An Extension Could Mean More Jobs and Stronger Economic Stabilization Home builders, finally seeing positive movement in the housing market, are fighting to extend the $8,000 first-time home buyer tax credit for an additional year. As members of Congress return home for the August congressional recess, the National Association of Home Builders is urging its more than 200,000 members to contact their lawmakers, asking them to help create more jobs and set the stage for a strong recovery by extending the credit program. "If Congress acts to extend the tax credit program, it would spur 383,000 additional home sales, including 80,000 housing starts, creating nearly 350,000 jobs over the coming year." said the NAHB Chairman Joe Robson. "That's good for the economy and good for America." Mark Zandi, the chief economist at Moody's Economy.com, says a healthy housing market is one of the leading indicators for an economic recovery. A secure real estate market is a n...

The National Association of Home Builders (NAHB) announced that its July housing market index climbed to the highest level it has been in nearly a year, as improved sales conditions boosted confidence in the market for new single-family homes. The index rose to 17 points, two points above last month's index and the highest it has been since September 2008. "Builders are seeing slightly better sales conditions this month as consumers takes advantage of the first-time buyer tax credit, low interest rates and attractive home prices." said NAHB chairman Joe Robinson. A rise in the home builder index is a positive sign for the U.S. housing market, which has been showing continued signs of stabilization with home sales rising and price declines moderating throughout the country. Low interest rates and other incentives have helped builders attract home buyers while the government's $8,000 first-time home buyer tax credit has facilitated a boost in sales. On a regional basis,...