Tampa Real Estate Market Continues to Show Growth

Homes sales continues to grow according to the National Association of Realtors (NAR).  NAR reported that national homes sales rose in July to the highest it has risen in the last five months.  With the market continuing to correct and flush out all of the bank owned and short sales, the inventory will continue to drop.  With that drop comes a switch from a Buyers market to neutral, then to a sellers market.  I do not for-see a sellers market within the next 12 months, but I do see a neutral market possibly by the end of the year.  What I have noticed is that people are taking advantage of all the property that banks are trying to “unload”.  They have them priced to go and people that were in the market for a home or were going to wait, have now switched gears to snatch up what is probably not going to be seen ever again in this market.  With all the new changes being implemented by the banking industry, this level of defaults should never happen again and therefore, this market will never happen again.

So if you are in the market to buy property, now is the time to buy, and if you don’t believe me, just look to Donald Trump and Warren Buffet for advise.

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~ by ToughGuy on August 28, 2008.

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