SI Real Estate Tampa and The Beaches

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, ...

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,...

Consumer confidence recently saw its most dramatic rise in eight months, showing Americans are regaining their confidence in the U.S. economy. According to the Conference Board Consumer Confidence Index , which had improved considerably in April, May saw an even larger increase. The Index now stands at 54.9, up from 40.8 in April. May’s level is the highest since last September’s level of 61.4 According to Lynn Franco, Director of The Confidence Board Consumer Research Center, consumers are considerably less pessimistic than they were earlier this year, and expectations are that business conditions, the labor market and incomes will improve in the coming months. The survey also reported that there was a rise of 23.1 percent in consumers who are expecting business conditions will improve over the next six months. While confidence is still weak by historical standards, it seems that as far as consumers are concerned, the worst is now behind us. According to a Bloomberg article, the gain...