Right now in the Tampa Bay area, there are 2 big hurdles to home buyers. One is lack of available homes to purchase, and the other one is affordability. There isn't much I can offer for the first one right now, but there is help for the 2nd. Do you know about Florida Housing Finance Corporation? Florida Housing was created by the Florida legislature over 40 years ago to assist in making housing more affordable. What that could mean to you is help making buying a home more aff

Though I'm certainly no fan of Zillow, I have to admit with their access to data and resources they are in a good position to predict what may happen with real estate at any given time. They published those predictions a few days ago, and here are the highlights: The Midwest should have a hot real estate market next year. Recently Florida lead the way in the hot housing market with Tampa being the #1 most popular large city to move to this year. In fact for every person who m

This is a summary/synopsis of an article by Matthew Gardner, Windermere Real Estate Chief Ecomomist, for Inman dated 11/28/22. 1. There is no housing bubble. Home prices are expected to decline as more of a correction of recent pandemic-induced demand coupled with historically low interest rates. 2. Mortgage rates will drop. Rates shot up this year as a reaction to the Federal Reserve's efforts to control inflation. It's expected the Fed will pull back their hikes to reduce t

I'm sure most people know by now that interest rates on mortgages have been rising since the FED has been raising the fund rates so much this year to combat inflation (which in turn may be pushing us into a recession). The higher mortgage interest rates have reduced buyer demand because the more buyers have to pay in interest, the less home they can afford. This in turn has caused home prices to plateau and even decrease in some markets. But what does all of this mean for ren