THE REAL ESTATE POST Connecting Buyers & Sellers in Tampa Bay

Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity. Pending home sales in the South fell 4.8 percent to an index of 94.4 but are 9.5 [...]

The real estate market meltdown was much more severe and has lasted much longer than even the most bearish housing market observer would ever have predicted. Rather than values taking a dip, they’ve taken a double dip in many places; and the housing sector drama has infected the job market and the entire world’s economy. [...]

We need more cash Buyers. Take a look at the market prices and inventory on the attached graph dating from J-11 to A-11. The downward trend (of the blue bars) noted from left to right shows a decrease in inventory where the Sold Median Price (the gold bar) shows a low dip in J-11 then [...]

The housing market is predicted to face a shortage of new homes in the near future. Although foreclosures have flooded the market in many areas, other places such as Tampa will face reduced inventory in a few years when the economy has recovered and buyers return to the market.