SI Real Estate Tampa and The Beaches

 Homebuyers Take Advantage of Record Low Mortgage Rates 2020 has sent every industry on a rollercoaster, especially residential real estate. During the lockdown, sellers pulled their homes off the market and buyers postponed their showings. The economy cautiously reopened and pent up buyers were ready to resume their house hunt.   Besides the 6-foot distance rule and normalizing face masks, the pandemic brought on a major reduction in mortgage rates. When we say major, we mean major. The average rate for the past five years was 4.05%, right now you can get a mortgage rate as low as 2.6%. This is the lowest we have seen in decades.     A mortgage rate is essentially the amount it costs to borrow money from lenders. When a homeowner pays their mortgage each month, the money goes towards paying off their home as well as paying interest to the lender. At first, most of your mortgage payment will go towards interest. Over time, more of your monthly payment will go to your...

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 ...