USDA Loans on Hold

September 18, 2009 By

Looking for 100% financing in Pasco County or rural parts of Hillsborough County? USDA loans have been a blessing for Tampa Bay home buyers looking to purchase with no money down. See http://bizy.be/IKmmC for details. The USDA Rural Housing fiscal year will be ending 9/30/2009.  Although USDA fully expects to receive funding for the 2010 fiscal year, they will only be issuing conditional … [Read more...]

Filed Under: Buying a Home, Relocating to Tampa Bay Tagged With: ,

Charting Trends in Tampa Bay Real Estate

September 17, 2009 By

Curious about the factors that impact home prices in the Tampa Bay metro market? Check out the latest Tampa Bay MarketEdge Report that has easy to digest charts for the key economic factors that drive changes in home values such as: consumer confidence, unemployment, housing starts, affordability index, bankruptcy rates, interest rates, home owner vacancy rates, and much more. Other Tampa Bay real … [Read more...]

Filed Under: Buying a Home, Selling A Home, Statistics Tagged With:

How to Select a Home Inspector

September 16, 2009 By

The State of Florida does not have any current licensing requirements for Home Inspectors, however, licensing regulations will become effective July 1, 2010.  In the meantime, Tampa Bay home buyers and sellers should look for an inspector with: national certifications, extensive experience, and a strong reputation. The inspector should provide detailed reports complete with checklists and photos … [Read more...]

Filed Under: Buying a Home, Selling A Home Tagged With: ,

Neighborhood Update: Cory Lake Isles

September 15, 2009 By

Cory Lake Isles is a prestigious master planned community that competes with Tampa Palms, Arbor Greene, Hunter's Green, and Grand Hampton for New Tampa home buyers.  After years of dynamic appreciation and investor speculation, prices have declined to the point where buyers are now finding some great values in this lush, tropical neighborhood that features Tampa's largest ski lake. Currently … [Read more...]

Filed Under: Buying a Home, Selling A Home, Short Sales, Statistics, Tampa real estate Tagged With: , ,

New Tampa Home Sale Update

September 13, 2009 By
33647_chart

Low interest rates, rock bottom prices and the first-time home buyer tax credit have fueled home sales across the nation. To gauge the local impact of these forces, we analyze home sales in the New Tampa market, zip code 33647. August 2009 MLS data shows that there were 357 single family homes for sale in New Tampa, while 96 homes went under contract, and 60 homes closed during the month. … [Read more...]

Filed Under: Buying a Home, New Tampa real estate, Selling A Home, Statistics Tagged With: ,

Expiring Tax Credit Drives Up Home Sales in Tampa

September 12, 2009 By

A Wall Street Journal article http://bizy.be/RWs21 reports that first-time home buyers are rushing close on home purchases before the November 30th deadline in order to take advantage of the $8000 first time-home buyer tax credit. To close a home by Nov. 30th, buyers should be under contract by late September. Now is not the time to begin a short sale purchase if you hope to close in time. While … [Read more...]

Filed Under: Buying a Home, Selling A Home, Statistics, Tampa real estate Tagged With:

Bank Owned Foreclosures in Tampa – Are banks discounting?

September 11, 2009 By

Are banks are desperate to unload homes these days? Do you wonder if you might be able to buy a bank owned home for 25%-50% less than the asking price? To find out, we examined sales of single family homes in New Tampa (33647) that had been through the foreclosure process. We found that 75 foreclosed homes were sold thus far in 2009 by various lenders as "bank owned foreclosures" (or about 8 per … [Read more...]

Filed Under: Buying a Home, Short Sales, Statistics Tagged With:
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