The Bubonic Plague of housing is know by another name, Condos! Foreclosures abound, associations running deficits, folks leaving units abandon in droves! The daily news stories are plentiful on all the reasons why NOT to purchase a condo in this market. In fact, the Tampa real estate condo market has taken its own share of...
HomeAuthor
Cristan Fadal
Fannie to offer closing cost aid on foreclosures WASHINGTON – Feb. 1, 2010 – Fannie Mae, the largest provider of residential home funding in the United States, announced on Friday that it would start to pay closing costs for buyers of foreclosed homes in its inventory. Buyers of qualified properties will get up to 3.5...
This morning the S&P/Case-Shiller Home Price Index has been released. For Homes in Tampa we saw a (-.4%) decrease from October 09/November 09. This was a smaller decrease than the September 09/October 09 decrease of (-1.6%). In a year over year perspective in the Tampa Real Estate Market we saw a (-13.2%) decline. At this point...
Our Tampa Real Estate Market Perspective: From our perspective we certainly see lower priced homes moving very quickly. In fact we have had numerous cases were multiple offers are received on these properties. The # of individual investors and pooled investors have increased and they are focused on REO properties in significant numbers. They tend to...