The face of the Citrus County Real Estate market is about to change with the opening of Tropic Shores Realty. Tropic Shores Realty is located at 7536 W Grover Cleveland Blvd in Homosassa. With it’s great customer service and 100% commission splits for real estate agents, Tropic Shores Realty is sure to be a hit [...]
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Housing experts see the housing bottom in the Tampa Bay Fl area
Home sales in the month of January for the counties of Pinellas, Pasco, and Hillsborough were off 24 percent from the previous year (January 2007). The price of these homes also fell by 15% during the same time period. Median home sale prices in the Tampa Bay FL area dropped from $220,000 to $187,000 in [...]
Is the Tampa Bay FL housing bubble coming back?
Now that the federal reserve has been lowering home interest rates many people have been speculating that another housing bubble in the Tampa Bay FL area is on the horizon. After all, isn’t that what made the market expand so fast the last time? While it is true that we are currently hovering around 45 [...]
Congress wants to help the housing market
Congress is looking at ways to help the housing market. Some ideas they have are to allow bankruptcy judges to alter the terms of certain subprime mortgages, to allow companies with losses over the last 2 years to apply those losses as a refund on their income taxes, and to allow block grants for certain [...]
3 ways to buy Foreclosure Homes
The 3 most popular ways to buy foreclosure homes are preforeclosure, at the auction, and as an REO (real estate owned) from the bank after the real estate auction. Preforeclosure is the stage when the homeowner is issued the notice of default from the bank letting the owner know that the foreclosure proceedings are starting on [...]
Elderly Home Owners are targets of home foreclosure scams
With many homeowners falling behind on their mortgage payments, older home owners are becoming the target of foreclosure scams. The reason for this is that older home owners generally have more equity built up in their home since they have owned the home for a longer period of time. After a person misses 3 or [...]
Major lenders team up to help home owners in foreclosure
The nations 6 largest lenders are teaming up to help in the fight against home foreclosures. The home lenders are JP Morgan Chase, Citigroup, Countywide, Bank Of America, Wells Fargo, and Washington Mutual. The new home foreclosure plan is called project lifeline and will be announced today by Hud - the department of housing and [...]
Has Real Estate reached the bottom in Tampa Bay FL?
A new report has just been released detailing the financial outlook of the Tampa Bay Fl housing market. It states that we are beginning to bottom and we should start to see home prices in Tampa FL start to flatten out. Factors taken into account in this report are existing home sales, new housing starts, [...]
Hard times may lie ahead for retail real estate in Tampa Bay, FL
What is retail real estate? I am talking about shopping centers, plazas, and commercial retail development. Many retail developers started building shopping centers following the huge boom in the housing market in Tampa FL. With consumers worried about inflation, high food and energy prices, and worried about making their mortgage payments, many consumers have tightened [...]
Home sales are expected to remain flat until the end of the year
This just in from the National Associaton of Realtors - home sales are expected to remain at current levels through the remainder of the year in the Tampa Bay FL area. Despite low mortgage interest rates home sale activity is expected to remain soft. The National Association of Realtors also sees a pent up demand [...]
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