Tampa Real Estate 
There are currently 7 blog entries related to this category.
Time Magazine Article - Ignore the Headlines
Monday, December 21st, 2009 at 2:37pm. 25 Views, 0 Comments.
There was a great article in a recent issue of Time Magazine titled Ignore the Headlines. The article explores the cost of trying to time the bottom of the housing market. Yes, home prices may continue to decline and although the Federal Reserve is currently lowering interest rates, in the longer term interest rate will probably rise. So if you wait a year and home prices do in fact decline, will the decline be enough to offset a possible increase in interest rates.
Here's a link to the article on Times' website, but I've also posted the article below.
Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more…
Florida's Flourishing Population is Growing Strong
Monday, December 21st, 2009 at 2:34pm. 22 Views, 0 Comments.
Recent studies from the Bureau of Economic and Business Research (BEBR), which are run by a research team at the University of Florida, indicate that the myths of a declining population here in Florida have been wildly exaggerated. You may have noticed that many recent news and media reports are suggesting that the state’s population is suffering from a serious decline, which according to research, is simply not true. According to Stan Smith, director of the BEBR at UF, Florida’s economy is still strong and the thriving job market brings in new residents on a daily basis. To be exact, about 900 people move to Florida daily, which adds up to about 331,000 new residents per year. In fact, we can safely estimate that the population count of April…
Tampa Code Enforcement
Monday, December 21st, 2009 at 2:31pm. 22 Views, 0 Comments.
The city of Tampa has decided to propose a new system to ensure quicker code enforcement to its citizens. Officials are attempting to instill an immediate "justice system" in which offenders will face fines on the spot. The fines will range between $75 and $500, depending on the charge, and will be applied to all "irreversible" violations such as cutting down protected trees, or spraying graffiti on city property. The residents and officials of Tampa Bay are hoping that this new system will be given the green light and will finally put the red light on repeat offenders. For more information and the entire story from the Tampa Tribune, please go to TBO.com.
Forbes Ranks Tampa Best Buyers' Market
Monday, December 21st, 2009 at 5:27am. 20 Views, 0 Comments.
Forbes Magazine recently ranked the top markets for home buyers and Tampa was ranked #1. The article stated that although home inventory was high, as a result of investors, Tampa's job growth and economic future made it a great candidate for a strong recovery. It said to look for Tampa to recover in early 2008.
The article, validates a lot of what I said in my recent post, The Doom Sayers vs. The Silver Lining.
Read the full Forbes Article.
Tampa Rated #1 City for Retirees
Monday, December 21st, 2009 at 5:24am. 17 Views, 0 Comments.
Kiplinger’s Personal Finance Magazine rated Tampa, Florida the #1 city for retirees. In selecting Tampa #1 the magazine cited Tampa’s vibrant cultural scene and top-rated healthcare facilities. Kiplinger’s developed the list with Richard Florida, a professor at George Mason University and author of The Rise of the Creative Class. Criteria used in determining the top cities included a strong presence of the “creative class”, along with additional factors such as economic growth, healthcare costs, crime rate, and physicians per capita. For more on the selection criteria read Criteria at Kiplinger.com. For a list of all cities got to Kiplinger’s Best Cities of Every Stage of Your Life.
The Doom Sayers vs. The Silver Lining - A Look at the Tampa Real Estate Market
Monday, December 21st, 2009 at 5:20am. 22 Views, 0 Comments.
Are we wearing rose colored glasses when we say that this is a good time to buy a home in Florida? As Florida housing prices started to fall in late 2005, many economic analysts who had been predicting a market “crash” prepared their “I told you so” speeches. Among the most often heard lines – besides the “I told you so”, that is – is how the Realtor community contributed to the unrealistic inflation in housing prices with their overly rosy view of the market. They accused us of misrepresentation when we encouraged people to buy as prices rose. Now they’re accusing us of misrepresentation when we encourage people to buy in a buyers’ market. If you follow their line of reasoning, it will never be a good time to buy. So are we being overly…
2006 Tampa Real Estate Statistics
Monday, December 21st, 2009 at 5:08am. 17 Views, 0 Comments.
At this point, I’m sure it will not come as a surprise to many that home sales in the Tampa real estate market were down in 2006. What may come as surprise is that home prices actually rose in 2006, when compared to 2005. That being said, inventories remain high in the area with over 22,000 active residential listings in Hillsborough and Pasco Counties, which represents about a 10 month supply of homes. Price increases have slowed in the past couple of months and, with the continued high inventory levels, sellers are feeling pressure to lower prices.
Real estate statistics for 2005 and 2006 from around the Tampa Bay area are shown below. The Wesley Chapel and Land O’ Lakes real estate markets probably fared the best relative to the rest of the…
