Monthly Archive: May 2017

May 27 2017

Tampa Bay is enjoying a hotel boom

  With the opening of the Opal Sands and Wyndham resorts on Clearwater Beach in the last 14 months, the Tampa Bay area gained 678 new hotel rooms. Sound impressive? Wait until you see what’s coming.   27 new hotel coming   Over the next few years, at least 27 new hotels with a total …

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May 24 2017

5 smart reminders for your home sellers

Besides staging, sellers also should take a few more steps to ease the stress of their sale. Highlight improvements and any issues. “If you’ve owned your home for a while, make a list of all the problems you’ve solved for a while, make a list of all the problems you’ve solved while you’ve lived there,” …

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May 20 2017

More owners opting for a cash-out refi mortgage

Introduction They’re either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which were wildly popular during the housing boom years and contributed to the severity of the crash, are on the rise again. National mortgage investor Freddie Mac reports that 45 percent of all home loan refinancings …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/owners-opting-cash-refi-mortgage/

May 17 2017

March madness for Tampa Bay home sales with double-digit price increases

Tampa Bay outpacing every other metro area in Florida   With the peak selling season in full swing, Tampa home sales didn’t disappoint in March — prices in all four bay area counties jumped again by double digits compared to the same time a year earlier.   And once again, Tampa Bay outpaced every other …

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May 10 2017

Common real estate slip-ups retirees make

  One of the most stressful aspects of retirement can come down to real estate. Many retirees face several choices, like deciding whether to downsize, buy a second property, keep the family home or move to a senior community. Realtor.com recently featured some of the biggest mistakes experts say retirees most often make with real …

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May 10 2017

Find out what is planned for the vacant lot on Central Avenue in St Petes

  Skyline of St. Petersburg, FloridaNew York developer Red Apple Group closed on a $16.5 million deal for a coveted St. Petersburg land parcel Thursday. The two-acre 400-block lot, which is currently vacant, is expected to house a 41-story residential building and other mixed-used space. It would be among the tallest skyscrapers in the area. …

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May 06 2017

Mortgage rates drop below 4%

  Mortgage rates surged shortly after the presidential election, and many experts believed the long-awaited rising-rate trend had begun. However, rates have pulled back in recent weeks. According to Freddie Mac’s weekly forecast, this week’s average fixed-rate mortgage at 3.97% is the lowest since November 2016. “The 30-year mortgage rate fell 11 basis points this …

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May 02 2017

Townhomes having a moment again

Fastest growing segment Townhomes are now the fastest-growing segment of the single-family housing construction market, according to the National Association of Home Builders (NAHB). Townhome construction surged 17.8 percent from 2014 to 2015. That compares to a 10 percent construction increase for detached single-family homes and a 12.1 percent increase in co-op, condo and apartment …

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