It doesn’t seem like four years ago that we all heard about the old Georgetown Apartments being purchased for a new waterfront community in South Tampa off of Westshore Blvd. Fast forward to 2009 and the apartments are still there and the property is in foreclosure. I remember taking clients out showing property and saying […]
Suze Orman talks about Tampa Foreclosures on CNN
I watched Larry King last night on CNN, and Suze Orman mentioned that TAMPA, FL was an area that is experiencing foreclosures at record levels. What will this mean for our inventory of homes on the market? It can’t hurt to have the national media letting the public know that our Tampa Real Estate Market has become […]
Mortgage Rate Forecast 2009-CNBC Interview
If you’ve been on the fence about buying a home in the Tampa Bay area; you’ll want to read this news article about interest rates. It’s hard to believe in today’s economic environment, but the overall Bond market, including Mortgage Bonds, are contending with the “I” word this morning…inflation…thanks to Fed member Frederic “Uncle Freddy” […]
IRS helps speed up home sales -Tampa, Fl
IRS helps speed up home salesTampa Bay Business Journal Amid harsh economic times, the Internal Revenue Service recently sped up the process to help financially strapped homeowners refinance or sell their homes – even if a federal tax lien is already in place. The agency said there are options that would still allow the home […]
Mortgage Rates Reach All Time Low-Tampa, Fl
Tampa Real Estate Market #2 in Nation for Foreclosures
The Tampa Tribune reported that the Tampa, Fl area is now number two in the nation in foreclosures. This is unbelievable news, knowing how hot our market was just 4 years ago. According to the statistics Tampa had the most filings in September, 2008, then the rest of the Bay area. TAMPA – Florida leapfrogged […]
CNN Money-Tampa-St.Pete,-Clearwater Home Prices fell 20.6%
Foreclosures take heavy toll on home prices but bargain hunters are re-entering worst-hit markets. By Les Christie, CNNMoney.com staff writer The Median Sales Price, for the Tampa, St. Petersburg and Clearwater areas has dropped 20% to $173,400 from October 2007 to October 2008 A flood of foreclosures has driven home prices down. As many as […]
New Owners of The Place at Channelside decide to rent building
It’s official! The new owners of The Place at Channelside have decided to turn the condo development into rentals. What does this mean for people who purchased the condos and are either living there or trying to sell them? It doesn’t look good, that’s for sure. You can’t help but feel sorry for those who […]
What to know before you buy a home at auction-Tampa, Fl
Is it time for Sellers to take any offer? Tampa Real Estate Update
Many sellers should be very concerned after this past week’s economic crisis. Who isn’t watching TV, reading the Newspaper, or getting news online about how this mess could affect the Real Estate Market? This especially holds true to the housing market here in Tampa. If you are trying to sell your home and haven’t already started a short sale or […]