The U.S. Real Estate Market May Be The Owner Of Good News
The U.S. real estate market may not be all bad news, despite what many reporters highlight. According to the latest numbers released by The Mortgage Bankers Association, it can be the bearer of good news, as well.
With lower delinquencies on home loans for 9 straight months, foreclosure pace is slowing and new-building permitting has obtained 10-month highs. Florida is showing signs of a rebound, which is certainly good news for many distressed home sellers, in that region.
The most important aspect of these latest reports is the share of borrowers that are less than 60 days behind, but more than 30 days. This statistic is at a four-year low, meaning some stabilization in coming months and years, if the trend remains.
For homebuyers sitting on the sidelines, this means the best opportunities for great deals could be more difficult to locate. In the Tampa real estate market, stabilization has been taking place, besides other areas of Florida. Existing home and condo sales are up and median sales prices are slowly increasing.
Whether buying or selling a home, it could be important to contact a Tampa real estate agent, since the marketplace is tumultuous, despite any good news released, lately. Bench-warming buyers may decide to enter the game, but it's a different housing market than traditional home buyers have seen.
There are some great values to be found, but that's assuming sellers have priced homes to sell or buyers are familiar with short sales and REOs. Those who have engaged the help of a Realtor are most likely to be in present reality.
This doesn't mean everything's wonderful in the U.S. real estate market and foreclosures in Florida are still above comfortable levels. Bargain-hunting has become commonplace, but the fact remains there are many reasons to consider homes in Florida's best locations.
The area's spectacular climate makes it a popular hotspot for golfing, fishing and water activities or visits to the numerous theme parks. You'll find many other features and benefits to living in Tampa or any of Florida's other popular destination areas.
According to the Commerce Department, the new delinquencies numbers should continue to drop, if job growth continues, even though housing starts are still at half of the pace they should be, in a healthy economy.
While single-family housing starts and permits may set record lows this year, it's the upward trend that indicates we may be hitting the bottom of a declining real estate market, in the U.S. and in Florida.
In Tampa's housing market, short sales are more prevalent than ever, with many opportunities to purchase foreclosed homes, available. Tampa real estate professionals are cognizant of the fact the region offers features not found in many other locations, including a waterfront metropolis location.
Retirees realize they can get more square footage for their money, which is why a dream home is more affordable than ever, in these tropical locales.
In today's economic times, it may seem unlikely for the United States housing market to be the bearer of good news, but there are some bright spots in stable locales, such as Tampa. Procrastinators should start searching for their family's dream home and a Tampa Realtor can help you find it, in an amenity-filled subdivision, with resort-style activities.
With lower delinquencies on home loans for 9 straight months, foreclosure pace is slowing and new-building permitting has obtained 10-month highs. Florida is showing signs of a rebound, which is certainly good news for many distressed home sellers, in that region.
The most important aspect of these latest reports is the share of borrowers that are less than 60 days behind, but more than 30 days. This statistic is at a four-year low, meaning some stabilization in coming months and years, if the trend remains.
For homebuyers sitting on the sidelines, this means the best opportunities for great deals could be more difficult to locate. In the Tampa real estate market, stabilization has been taking place, besides other areas of Florida. Existing home and condo sales are up and median sales prices are slowly increasing.
Whether buying or selling a home, it could be important to contact a Tampa real estate agent, since the marketplace is tumultuous, despite any good news released, lately. Bench-warming buyers may decide to enter the game, but it's a different housing market than traditional home buyers have seen.
There are some great values to be found, but that's assuming sellers have priced homes to sell or buyers are familiar with short sales and REOs. Those who have engaged the help of a Realtor are most likely to be in present reality.
This doesn't mean everything's wonderful in the U.S. real estate market and foreclosures in Florida are still above comfortable levels. Bargain-hunting has become commonplace, but the fact remains there are many reasons to consider homes in Florida's best locations.
The area's spectacular climate makes it a popular hotspot for golfing, fishing and water activities or visits to the numerous theme parks. You'll find many other features and benefits to living in Tampa or any of Florida's other popular destination areas.
According to the Commerce Department, the new delinquencies numbers should continue to drop, if job growth continues, even though housing starts are still at half of the pace they should be, in a healthy economy.
While single-family housing starts and permits may set record lows this year, it's the upward trend that indicates we may be hitting the bottom of a declining real estate market, in the U.S. and in Florida.
In Tampa's housing market, short sales are more prevalent than ever, with many opportunities to purchase foreclosed homes, available. Tampa real estate professionals are cognizant of the fact the region offers features not found in many other locations, including a waterfront metropolis location.
Retirees realize they can get more square footage for their money, which is why a dream home is more affordable than ever, in these tropical locales.
In today's economic times, it may seem unlikely for the United States housing market to be the bearer of good news, but there are some bright spots in stable locales, such as Tampa. Procrastinators should start searching for their family's dream home and a Tampa Realtor can help you find it, in an amenity-filled subdivision, with resort-style activities.
About the Author:
Lance Mohr is a specialist in the Tampa real estate market with more than 14 year experience as a Realtor. If you have any questions or are looking for an honest Realtor give me a call. For details on Lakes of Wellington homes for sale or Willow Bend homes for sale visitTampa2Enjoy.com.
