SI Real Estate Tampa and The Beaches

International buyers of real estate are purchasing homes, townhomes and all types of properties here in Tampa, Florida, and around the state. Tampa has long been known to be a destination city due to the abundance of sunshine, beautiful beaches, a world-renowned international airport, and world-class entertainment and amusement parks. Florida has a history of attracting European, Canadian and South American buyers due to its proximity to these countries. According to International Interest in U.S. Homeownership Increases, Realtors® Report, a recent article published by the National Association of Realtors®, “International buyers were reported in 39 states in 2010, but a slight majority of the total buyers are concentrated in Florida, California, Arizona and Texas. These four states account for 53 percent of purchases and have remained the top destinations for the past three years, with Florida and California remaining the top two destinations.” “A large majority of Realtors® report t...

Investors…That’s Who! Local, national and international investors are putting their real estate investment dollars into Tampa, Florida real estate. And why wouldn’t they? Tampa is truly a destination city. Fabulous weather year-round, sparkling beaches, super shopping spots, wonderful restaurants for casual and fine dining, and world-class tourist attractions here in Tampa and in nearby Orlando make this a fantastic place to be. Combine the fact that Tampa is a beautiful place to live, and realize the unbelievable deals here in the real estate market, and it becomes a no-brainer. Tampa, Florida is a great place for investors wishing to purchase real estate! It is no secret that property values took a major dip when the real estate bubble burst and much of the real estate that is on the market are properties at fire-sale prices! The statement that it is a buyer’s market is absolutely true. SI Real Estate is anticipating the next wave of bank-owned assets will provide even greater...

www.sirealestateinvestments.com/Westchase-homes One of Tampa’s premier residential real estate communities offering something for everyone’s taste…single family homes, townhomes and condos are available and waiting for you! Enjoy the lifestyle of highly desirable Westchase! Pedestrian friendly, shopping, and a Westchase way of life. Live in the best location with plenty of space, and amenities to envy... Relocating to the Tampa Bay area? Want to find your home in Hillsborough County? Then come find Westchase, a fabulous community where property values have remained strong. Westchase is a community that enjoys an immense amount of real estate interest and activity. Current residents already know that Westchase enjoys a wonderful geographical location in the Tampa Bay area. Why not come and see what everyone is talking about in northwest Tampa, Florida. Come home to Westchase and live a lifestyle specific only to Westchase Residents! This is an award-winning community where you ca...

Home Ownership Benefits Local Neighborhoods and Communities A recent report by the NATIONAL ASSOCIATION OF REALTORS® (NAR) Social Benefits of Homeownership and Stable Housing explores the impact of home ownership on communities. Many home owners in Tampa, Florida who have made an investment in their future by purchasing a home rather than renting already know the positive impact home ownership has had on their lives, but are they aware of the positive impact real estate and home ownership is making in their community as a whole? This report takes a close look at the ownership of homes and the impact of stable housing, as opposed to transitory housing and homelessness, on social outcomes looking at educational achievements, civic participation, health benefits, crime, public assistance, and property maintenance and improvement. “Homeownership certainly contributes to positive social outcomes, but those outcomes are truly a result of stable housing communities,” said Vicki Cox Golde...

Another Reason Why Now is the Time to Buy Real Estate in Tampa, Florida! If prospective real estate buyers in Tampa, Florida ever needed a reason to buy now, the fact that the national 30-year fixed-mortgage rate is back at a near record low average of 4.28% is a good place to start serious consideration. Incredibly low mortgage rates and real estate prices should be adequate incentives to prompt home buyers to act now. According to the Zillow Mortgage Marketplace weekly update, the recent decrease in mortgage rates is down 0.02% from last week. Consider the facts. Rock-bottom real estate prices combined with record low mortgage interest rates add up to NOW factually being the best time to buy an existing home or the brand new home you have been dreaming of! Florida’s average rate is now 4.21%, which is down from 4.24% from a week ago. The average rate for 15-year fixed home loans remained at 3.86%, and the rate for a 5-1 adjustable-rate mortgage is 3.23%. So, if you have been d...

Real estate mortgage holders in the Tampa Bay area, and across the country, can now seek relief on their mortgage with a new Federal Housing Administration (FHA) refinancing program. According to a press release FHA Launches Short Refi Opportunity for Underwater Homeowners dated August 6, 2010, “Starting Sept. 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater’ non-FHA borrowers a new FHA-insured mortgage. To qualify, an owner must be current on his existing mortgage, and his lender must agree to write off at least 10 percent of the unpaid principal on the first mortgage.” This is a drastic effort to help responsible homeowners who, like so many, owe more on their mortgage than their home is worth, which therefore puts them in the so-called “underwater” category. The effort is one of many real estate and financial remedies employed by the U.S. Department of Housing and Urban Development to help bring stabilization to the housing market and the overall e...

The real estate outlook is positive in Tampa, Florida as well as in most parts of the nation. A ReatlyTimes® article titled Real Estate Outlook: Sales Jump states “Single family sales jumped by 24 percent seasonally-adjusted basis over May, and were 19 percent above the totals for June 2009. The sales rebound verged on spectacular in the Northeast region – up 46 percent over the prior month. Gains were 33 percent in the South, and 21 percent in the Midwest.” “Bob Jones, chairman of the National Association of Home Builders, called the latest sales figures ‘an encouraging sign’ that housing activity is springing back from the expected deep lows experienced after the credits expired.” Sales were not the only positive indicator. Home prices were 1.3 percent higher compared with the month before, but they gained 4.6 percent year-over-year, which is a very encouraging sign that sales and home prices are both on the upswing. This is good news for the overall outlook that the real estate ...