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 ...

Many benefits come with the purchase of your home, such as having a place of your own, having stable housing costs, having a sound investment, having a financial stepping stone and even having access to tax benefits. There are important criteria that should be considered when buying a home, regardless if you are a first-time home buyer , second home buyers or real estate investor. Knowing the home buying process will help make your experience a smooth and pleasurable one. Set the stage for an easier home buying process. 1. Find professionals you can trust. - Ask questions and express your concerns up front. - Learn what to expect — and what will be expected of you. - The right people will walk you through, talk you through — and see you through! 2. Start with getting pre-approved. - Loan pre-approval gives you a rough estimate of how much you may be able to borrow. The process will help you figure out how much you can afford. 3. Determine the right financing for you. - There are many l...