Tampa Real Estate Market News & Updates

More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

It will be interesting to see what these condos will sell for, or if they will turn into rentals.  In the Tampa Bay Real Estate Boom the  Opus South Condo Tower  Developments orginally listed at an average sale price of 700K.  The two developments have been purchased for an average sale price of 137,00 per … Continue reading More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

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Residential Development Studies and Reviews-Downtown Tampa, Fl

  The Tampa Downtown Partnership has compiled the October – December, 2009 Quick Facts Report. Downtown Tampa Residents: 2,500* From SKYPOINT CONDOS Skypoint Hi-Rise in Downtown Tampa Studies and ReviewsResidential units under construction: 0 Total amount of residential development in 2008/09 (including completed, under construction and proposed): $244,000,000* Average residential unit sale price: $300/sq. ft. … Continue reading Residential Development Studies and Reviews-Downtown Tampa, Fl

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Bad news on foreclosure filings-Tampa, Fl

 Last week, RealtyTrac reported no real letdown in the endless bad news on foreclosure filings. August foreclosure filings were reported on 358,471 U.S. properties, a slight decline of one percent from July but 18 percent over August 2008. We’re on track for a 4 million foreclosure year. Last year, foreclosure filings were reported on 2,330,483 … Continue reading Bad news on foreclosure filings-Tampa, Fl

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MAJOR changes to FHA finacing Condo approvals-Tampa,Fl

I just received this and thought I’d share it with you regarding financing FHA approved condos in the Tampa Bay area.  Major changes to Condo Approvals    As of October 1, 2009  ALL FHA condo approvals will be GONE.  We will be starting from scratch with NO approved projects untill Lenders start submitting approval packages to … Continue reading MAJOR changes to FHA finacing Condo approvals-Tampa,Fl

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Towers of Channelside Condos for Sale and Bankruptcy update-Tampa, FL

Towers of Channelside Bankruptcy update-Tampa, Fl Towers of Channelside  The Towers of Channelside has been in receivership for the past couple months.  Receivership is a form of bankruptcy in which a company can avoid liquidation by reorganizing with the help of a court-appointed trustee. During that time they have taken most of the condos off the … Continue reading Towers of Channelside Condos for Sale and Bankruptcy update-Tampa, FL

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What you need to know about NON Warrantable Condos, Fl

This is a guest blog post from Tony Marks concerning Non-Warrantable Condos here in the Tampa Bay area.  Buyers in our local Real Estate Market are seeing a large number of condos that cannot obtain financing and here’s why. “I took time to check with my lenders, and none of them at the moment offer mortgages for Non-Warrantable Condos … Continue reading What you need to know about NON Warrantable Condos, Fl

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Tampa Housing Market Update-Tampa Real Estate Market

I attended the National Association of Realtors conference a couple weeks ago here in Tampa, Fl. Lawrence Yun, the Chief Economic Advisor to the National Association of Realtors was the guest speaker.  He had much more to say about the Tampa Real Estate market, however, I’ve been so busy showing properties I haven’t had time … Continue reading Tampa Housing Market Update-Tampa Real Estate Market

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Short Sale questions answered-Tampa, Fl

What is a short sale?  A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. Right now in Tampa one half of all homes on … Continue reading Short Sale questions answered-Tampa, Fl

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Chinese Drywall used in Florida can destroy your home

Dick and Nancy Nelson, who say the Florida retirement home they bought new in 2006 has Chinese-manufactured drywall, contend all their appliances with copper are failing, according to CNN affiliate WFTS-TV. “The washing machine, the dryer, the microwave, a refrigerator — these are all brand-new appliances, and they’re breaking down,” Nancy Nelson of Palmetto told … Continue reading Chinese Drywall used in Florida can destroy your home

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Home Sales up for Tampa Bay Area!

Home sales were up in March across Hillsborough County as some real estate practitioners hope the housing slump is in the past. Some 1,400 homes were sold last month in Hillsborough, according to the Greater Tampa Association of Realtors, the best figures since June 2007. The sales were up 25 percent over February and 20 … Continue reading Home Sales up for Tampa Bay Area!

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Towers of Channelside Bankruptcy Update-Tampa, Fl

TAMPA — Nearly half of the 257 condos at the Towers of Channelside have sold, including one in February to Tampa Bay Rays third baseman Evan Longoria, but those sales still aren’t enough.  The developer of the twin 29-story towers has notified its lender it’s giving up on the project 15 months after it sought … Continue reading Towers of Channelside Bankruptcy Update-Tampa, Fl

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