SI Real Estate Tampa and The Beaches

  A Reflection on How the Unprecedented Events of 2020 Changed Our Real Estate Market If someone told us in 2019 what was to happen the following year, we would not have believed them. From second graders learning through Zoom to one-way arrows in supermarket aisles, all aspects of our everyday lives have been impacted. The lockdowns in early spring especially affected those in the service industry. Restaurants relied on curbside pick up and hotels adopted new cleaning processes and precautions. The real estate industry was no different. Masks, gloves, and sometimes shoe coverings became a requirement during home tours. Virtual consultations replaced coffee shop meetings and closings moved outdoors. How the pandemic affected the real estate market and buyer trends made residential real estate one of the most interesting industries to watch in 2020. The national lockdown in the US began around mid-March. Springtime is usually the busiest time of the year for real estate, but t...

A New Home may be the very best option for you to review!  “Thousands of new homes are under construction in the Bay Area.” According to the WFLA and the Tampa Bay Builders association, Tampa Bay has been booming with constructions. Since 2011, the housing market has been steady, and new home building has been slowly increasing. This could be due to the continuously low interest rates on mortgages over the past 2.5 years.  There are at least 3,000 new home construction starts in Tampa Bay this year, and there are still more coming.  Why new homes?  There are many floor plans and color options to choose from. You will enjoy less competition in the contract and offer process. Enjoy the streamline procedure of one stop shopping in a new construction development. These are just a few of the innumerable options available.  Jennifer Doerfel, the current Vice President of the Tampa Bay Builder Association says that if consumer confidence stays where it is, ...

As the spring season is just around the corner, American optimism towards the housing market is gaining momentum. According to the latest Fannie Mae National Housing Survey, 38% of all respondents say that now is the right time to sell a home. This is an increase of 12% in comparison to the same time last year. This clearly indicates an improvement in homebuyers’ and homeowners’ market confidence. In addition, 52% of people share the opinion that it is easier to get a mortgage in the current economy, which matches the all-time survey high. This means that great financing options, combined with motivated homebuyers and homeowners, are going to continue fuelling the economic recovery. Moreover, Americans are now beginning to feel more comfortable with their personal finances. Only 12% are expecting their financial situations to worsen in comparison to 21% from last year. Furthermore, 40% of respondents say that their financial situation has gotten better over the past couple ye...