Neighborhoods With The Highest and Lowest Negative Equity in Tampa Bay

Zillow Q1 2014 Negative Equity Report Summary: Tampa, St. Petersburg, Clearwater Region According to the latest Zillow Negative Equity Report, the national negative equity rate fell to 18.8 percent in the first quarter. With the pace of home value appreciation slowing, the pace of negative equity improvement will also slow.  Zillow currently predicts that the negative […]

Title Insurance Policy Surcharge Going Up

Title Insurance

Beginning on September 2, 2014, all title insurance agencies licensed in Florida will begin collecting a “Statutory Surcharge” of $3.28 from the party responsible for paying the title insurance premium on the Settlement Statement.  This surcharge will be payable to the underwriter and is not split with the agent. This surcharge is the result of two title insurance underwriters going out of business and their […]

Tampa’s Latest 2014 Housing Market and Foreclosure Stats

Tampa Housing Market Stats

The Greater Tampa Association of Realtors (GTAR) has released their March 2014 statistical data and I thought it might be nice to share a couple graphs with you and offer my opinion on this data. The March 2014 average residential sales price of $209,382 represents a 40% increase over the post-crash bottom of $149,516 seen in January 2011. […]