Investors push Southern California home sales higher
Investors push Southern California home sales higher
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The State of the Real Estate Market in Tampa Bay, by SI Real Estate
The net sum of a great deal of graphs, much raw data, and more information from economic and industry trends analyzed by experts, and first hand experience of a professional, is that the Tampa Bay Real Estate Market is making a visible turn. There is a obvious uptick in the prices of homes overall, prices per square foot of real estate, days and overall time on the market, and even new construction starts. To recognize this trend and real estate market, it is our opinion that one must have been a vigorous professional when it was trending up, when at the peak, when at the bottom and even worked at the bottom of this market for the many years the bottom existed. We are no longer at the bottom! It is official! In fact, we have been moving away from the bottom of the market over the past year of 2011. The news is positive, the facts are affirmative. Are you ready for a full real estate recovery? What is your opinion? Here are some highlighted facts for your careful revie...
Florida Ranks Highest In Foreign Investors Buying Real Estate
When it comes to foreign investors searching for a lucrative real estate return, Florida ranks number one in the US, especially among Cubans, Haitians, and Colombians. The National Association of Realtors data shows that almost a third of all home purchases in Florida, come from foreign residents. With the constant struggles of qualifying for mortgages these days in the US, many of these foreign investors are in a better position because they are cash buyers. Many Cubans see investing in Florida as a safe bet because the concept of owning real estate is still a novelty to them. Now that direct flights to and from Cuba are in full swing, the Tampa Bay area can expect to see an increase in Cuban interest. There are currently about 80,000 Cuban Americans in the Tampa Bay area, all of which are excited that they do not have to travel to Miami for a flight to the island. Another factor that may increase investor activity is the number of home foreclosures in 2011. Down almost 34% from t...
2012: A Promising Economic and Job Outlook
With the New Year in full swing, many Floridians are curious to see where the economy will head this year. According to recent national data, unemployment had finally dipped to 8.5%, while nonfarm payroll employment rose in December 2011. The labor department also recorded significant increases in transportation, retail trade, and health care jobs to name a few. Construction employment also saw an increase, which will help offset the two previous months, and give us a positive outlook on new real estate. Generally speaking, fewer Americans are jobless which strengthens the economy as a whole. Florida closed out 2011 in good fashion as far as the unemployment rate goes. The last two months reported the second sharpest decline (2.1%) of unemployment in the country, only falling behind New Mexico. Tampa, Miami, and Jacksonville will to have to carry the state through 2012 if we are going to see the unemployment rate drop, and stay, below 8%. Tourism and travel could also lend a helpin...