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Tampa
Real Estate Investment: Around the State of Florida you will
find that the word is out as it relates to real estate investment.
Long time developers and small investors are scrambling to
find not only prime waterfront property but infill areas where
the demand for housing is far exceeding the supply. Older
areas such as Ybor City, South Tampa and Seminole Heights
are attracting investors or all kinds.
New developments
and renovations are at a feverish pace. Talk to any Realtor
and they can tell you stories of properties being put under
contract within minutes of being advertised on the Tampa Multiple
Listing Service. Buyers are spending hours of their free time
hoping to find anything that they can temporarily "settle
for".
Builders
are selling communities out before streets are in. The novice
investor and families are standing in line for hours at "pre
selling" events and putting their name in among hundreds
of others, hoping to be one of the lucky few to snatch up
a property before price increases and "sold out"
signs are up.
Speculation
of the housing bubble continues. Is there any end in sight?
Not anytime in the near future. The Florida Association of
Realtors latest news release states that the impact on the
housing market due to back to back hurricanes slowed sales
for the month of August. But the impact was short lived. FAR
reports the statewide median sales price rose 15% last month,
while statewide sales of single-family existing homes gained
3%. State wide the increase over a five year period is a staggering
78.4%!
The demand
for housing and the low interest rates have kept the market
alive. The need for tangible investments versus the uncertainty
of the stock market and dwindling pensions has only added
to the demand. We have generations of immigrants that are
now entering the housing market in droves.
Rising
interest rates and property values may slow the Florida market
for those first time buyers looking for affordable housing.
Many who can't qualify for a Tampa Mortgage will be pushed
back to the rental market. However, the buyers that may have
been able to buy before the frenzy will be looking to push
equity into a larger home, second home or investment property.
And the soon to retire "baby boomer" generation
will still find the warmth of the Florida sun more attractive
than the northern winters. Baby boomers have already started
adding to the housing demand. This generation is already shaping
the newer communities and house designs. If you haven't heard
it yet, there isn't any more land being made and over the
long run, it has been proven to be a strong investment.
Tampa Real Estate | Tampa
Luxury Homes | Tampa
Condos | Tampa
MLS Search | Tampa
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Other
Selected Communities: Cory
Lake Isles Homes / Live
Oak Preserve Homes / Grand
Hampton Homes / Arbor
Greene Homes / Meadow
Pointe Homes / Tampa
Palms Homes / New
Tampa Homes / Seven
Oaks Homes / Lake
Jovita Homes / Wilderness
Lake Preserve Homes / Oakstead
Homes for Sale / Pasco
County Homes for sale / MiraBay
Homes for sale / Fish
Hawk Ranch Homes for sale / Andalucia
Homes / Covington
Park Homes / Rivercrest
Homes for Sale / Panther
Trace Homes / Villages
of Bloomingdale / South
Shore area / Carrollwood
Homes / South Tampa
(Bayshore,
Davis
Island, Hyde
Park, Bayshore
condos) / Westchase
Homes for Sale / Cheval
Homes for sale / Heritage
Harbor Homes / Pinellas
County homes available now
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