SI Real Estate Tampa and The Beaches

May 2014 was a spectacular month for the real estate market throughout the nation. If you don’t feel like the market is recovering, here are some facts for you to consider. 1.     Total existing home sales , including completed transactions such as single-family homes, townhomes, and condominiums, grew 4.9% to an annual rate of 4.89 million in May 2014. This gain is the highest increase since August 2011. Higher sales volume is a great sign for the market as buyers are being more confident. According to National Association of Realtors (NAR) chief economist, Lawrence Yun, “home buyers are benefiting from slower price growth due to the much needed, rising inventory levels. Moreover, sales were helped by the improving job market and the temporary but slight decline in mortgage rates.” 2.    Total housing inventory in May increased by 2.2% and reached a total number of 2.28 million existing home available for sale. The number of homes represents a 5.6 ...

You Cannot Hold a Good Buyer Down! They say that the strong forge forward, this adage is true in real estate as well. A recent article published by Realty Times explains that despite date on the job market and adjusted home values over the past several years, real estate home buyers are still pushing forward in pursuit of the dream of homeownership. Real estate ownership is a desire goal and many are striving to move forward to achieve their real estate goals. A study of over 3000 adults over the age of 20, results in more than 59% of renters and 99% of existing homeowners feel that homeownership is important. Of those surveyed, a large majority also felt that homeownership is an economic cornerstone. Additionally, real estate makes a huge impact on the overall economic vitality of a region or city. It certainly has in Tampa. The most important result of this study is that as many as two million people are waiting to purchase a home when the time is right. Of those surveyed 62% of ...

We encourage our readers to realize why real estate is such a valuable asset. It is the place you call “home” whether it is a rental or you own the home yourself. As previous blogs have emphasized in the past, the real estate market is changing. We are stabilizing out here in Tampa Bay and before prices start going to high we would like to review the top reasons why the majority of America still prefers owning their home over renting a property. Savings It can be a large misconception that owning a home is more expensive than renting a property. In today’s market where many renters are looking for the best properties for their money it is a very competitive market, driving rental prices up. In over 71% of America’s larger cities owning is cheaper than renting a comparable home. Looking in Tampa, you can rent a two bedrooms, two bath, and 1000 sq foot condo near Brandon/Tampa line for about $950-$1000 a month. If you wanted to own a brand new 1250 square foot townhome with two bedroo...

What makes someone visit one city over another? Is it entertainment, convenience, hospitality? We have a winning combination here in Tampa. According to a new report released from Concur, a travel and expense management company, Tampa is the 23rd most visited city in the United States. What sets Tampa apart from so many cities across the country? Concur examined average costs for travel to Tampa but it didn’t identify the reason so many people set their travel plans to land in Tampa. Working in real estate we get an insider perspective about an area. We love Tampa for so many reasons. Residents and visitors get to enjoy close proximity to the beautiful bay, beaches, a strong arts community and unlimited options for entertainment, shopping, and dining. Tampa boasts major sports teams, 3 super bowls in the last 15 years, and national conventions just to name a few. Real estate prices have dropped for the last couple of years. Now unemployment rates are decreasing and housing prices ...