Real Estate Weblog

Tampa, Fl March 26, 2008Recognizing that the current market favors buyers, 77 percent of respondents in a MarketTools survey said that the time is right to buy a home - a 20 percent increase compared to a similar January survey.
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http://www.floridarealtors.org/NewsAndEvents/n2-032608.cfm
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Tampa, Fl December 4, 2007Disruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-112807.cfm
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Tampa, Fl June 19,2008The cost of gas is redefining the definition of “location, location, location.” After potential buyers weigh commuting expenses, demand goes up for homes near jobs, bus terminals or train stations. If gas prices continue to rise, some neighborhoods could experience price gains at the expense of other neighborhoods that see a drop […]

Tampa, Fl November 4, 2007Many Florida homeowners are starting to see more options when it comes to property insurance coverage. Since January, eight insurers have received approval from the state Office of Insurance Regulation to cover Florida homes, with another three companies waiting for the go-ahead.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n4-120307.cfm
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Tampa, Fl. December 19, 2007A surprising new monthly report suggests that U.S. home foreclosures declined 10 percent in November. “This could indicate that foreclosure activity has topped out for the year,” says RealtyTrac Chief Executive Officer James Saccacio. But “the true test of whether this ceiling will hold will come at the beginning of next […]

Tampa, Fl November 4, 2007The tax swap may be back. A panel of the Taxation and Budget Reform Commission, a group with the power to put an amendment directly on the November 2008 ballot, is considering a plan to reduce homestead property taxes and cap non-homestead property taxes with a temporary increase in the sales […]

Tampa, Fl 9/11/2007Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to NAR’s latest forecast. Still, “The volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom,” says NAR […]

Tampa, Fl November 14, 2007A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides, according to NAR’s latest forecast. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 0.2 percent.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n2-111407.cfm
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September 20, 2007. Tampa, Fl.The Federal Reserve Board’s half-point cut in a key interest rate yesterday surprised most analysts who expected a more modest quarter-point cut. The move should help homeowners with ARMs and perhaps homebuyers considering an ARM.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-091907.cfm
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Tampa, Fl. November 8, 2007.UF research finds that Florida’s population grows by about 900 people per day; slightly less than the 1,100 per day a few years ago. Top counties by rate of growth, in order: Flagler, Sumter and Osceola. Top growing counties by number of new people, in order: Orange, Miami-Dade and Hillsborough.
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