ECONOMIC REPORT Home prices falling at record pace in August Down 4.4% over the past year in 20 major cities, Case-Shiller says By Rex Nutting, MarketWatch Last Update: 11:29 AM ET Oct 30, 2007 WASHINGTON (MarketWatch) – The 13-month-long decline in home prices in 20 major U.S. cities accelerated in August, with prices dropping a […]
APPRAISAL QUESTIONS ANSWERED-TAMPA, FL
Flickr: Photos from waking_dream Kenneth D. Cornelius Area Manager Wells Fargo Home Mortgage Your question- Why are appraisers looking at listings-When they are talking about listings – this means you can buy the same model or unit in the same area or building for a price that is equal to the appraised value of the […]
Most Resilient U.S. Real Estate Markets-Tampa, Fl
So which metro area markets stand the best chance of recovery, and when will that upturn occur? Bayshore Condo Drastically Reduced for quick sale Behind The Numbers Market corrections follow three basic recovery patterns. A V-shaped recovery where a market experiences a sharp, fast decline but comes out strong once it hits bottom; a U-shaped […]
Hillsborough County housing statistics and trends 2008-Tampa, Fl
2008 Economic Report-Tampa Real EstateDr. Lawrence Yun, NAR Chief Economist gave a speech last week at the Greater Tampa Association of Realtors in Tampa. Myself, along with 200 other Real Estate agents attended the informative lecture.His main focus was to let Realtors know to inform clients that our Tampa Real Estate Market is NOT the […]
Outlook of Tampa Bay’s Real Estate Market-Tampa, Fl
Tampa Bay having a growing economy and great climate, is really a wondrous haven to live in. Money magazine predicted that Tampa Bay real estate market will be one of the toughest in the US in the next years to come. Even Fiserv Lending Solutions has the same prediction; in the recent survey it actually […]
Real Estate Market Downturn Nearing End? Tampa, Fl
Real Estate Market Downturn Nearing End? The increase in unsold listings was this cycle’s early warning indicator, the economist points out. And a decline will be the sign that the market is rebalancing itself. Real estate consultant, John Burns, says “The supply problem will be resolved when the market returns to 2.5 months of supply […]