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Tag Archives: Florida real estate market
Home Ownership Remains an Essential Part of the American Dream
Strengthened by a healing housing market, home owners have an optimistic outlook…this optimism is seen and heard daily by THE Gail Spada TEAM. A whopping 79% of us think home ownership is an essential part of the American dream, says a recent LendingTree survey. Additionally, 76% of home owners said they’re confident that when they’re ready to move up to a new home, they’ll be able to sell their current home, obtain a mortgage, and afford a down payment despite the recent recession and housing market crash. Of those surveyed, slightly more than half believe the housing market will take 12 months or less to recover and only 19% are postponing a home purchase or sale because of a weak housing market. “Low rates, affordable home prices, and a recovering housing market have created a unique window of opportunity for potential home buyers. The good news is that the housing … Continue reading
In Most of U.S., Buying a Home Beats Renting After Only 3 Years
For most buyers who intend to live in a home for at least three years, buying is a better financial decision than renting, according to a new analysis by Zillow. Zillow analyzed the “breakeven horizon” in more than 200 metros and 7,500 U.S. cities to determine how many years it would take before owning a home becomes more financially advantageous than renting the same home. In more than three-quarters (75%) of metros analyzed, a home owner would break even after three years or less of owning a home. All possible costs associated with buying and renting were incorporated into the analysis, including down payment, mortgage and rental payments, transaction costs, property taxes, utilities, maintenance costs, tax deductions, and opportunity costs, while adjusting for inflation and forecasted home value and rental price appreciation. In some metro areas where home values fell dramatically during the housing recession, home buyers break even after … Continue reading
What Home Ownership Means to Me
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Hernando County real estate market mirrors Tampa Bay trend
Finally, the statistics are bearing out what we have known for several months. Florida’s real estate market, and particularly the Tampa Bay real estate market, is on the rebound. A recent story in the St. Petersburg Times reported that existing home sales in the Tampa Bay area notched a 36 percent increase from February to March 2011. According to the article, which was based on information supplied by the Florida REALTORS® and National Association of REALTORS®, it was the biggest increase since late 2005. The article magnified those statewide numbers to include existing home sales in Pasco, Pinellas and Hillsborough counties from February to March, and that uptick came in at 32 percent. That is more than double the 15 percent of existing home sales statewide since March 2010, and more than five times the national average during the same period. Unfortunately, the Times did not include Hernando County in … Continue reading
List in the Spring for a family-friendly Summer home sale
Parents with children usually plan moving to a new home during summer vacation, before the new school year begins. But do you realize that those families are searching now for their next home? That’s why sellers who have been procrastinating about placing their house on the market should act now. The advantages for families relocating during the summer months are obvious. The children’s education is not interrupted. And, as children enroll in their new school, there is a palpable fresh-start mentality in many aspects of their lives, including, of course, their new home. From another practical standpoint, the weather usually is more agreeable for those packing Up North! But to ensure that closing on a home and moving go smoothly and as stress-free as possible, it takes a great deal of planning. Conscientious parents do all they can to balance their professional and personal responsibilities, never allowing their decisions about … Continue reading
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