Florida-Online-Realty.com, Inc.
Phone/Text: (813) 641-3339
Fax: (813) 200-3436
E-Mail: info@florida-online-realty.com

Changing Market


Today's Real-Estate Market in Tampa Bay, Florida


The bubble is over!

Everyone is familiar with the real estate bubble and the fast rising prices that came to a sudden halt when the market collapsed. Speculators drove up the home prices in Florida in 2004, 2005 and the first quarter of 2006. Suddenly the situation changed dramatically, as many experts had predicted. Many speculators and even Realtors© did not believe in a market change and brought the same arguments you heard during the DOT.COM bubble. Prices really came down in Florida.

Please note, that is history now, prices were suddenly increasing again caused by interest rates of less than 3%. Now interest rates have started to normalize - they are still below historic rates. But note, I believe that the Fed will add one or two increases to the interest rates until inflation is getting lower.
Many believed that prices would go down in Florida, but the market is very healthy due to a large influx of people from up North, still thousands of people are moving to Florida every week. And all of them want to live somewhere.

Builders are building a lot of homes currently in the Tampa area, especially in South County (Southshore), but none in the lower prices ranges and usually all above $ 300,000.

Many potential buyers can only afford homes in the range of $ 250,000 to $ 300,000 and it is very difficult for them to find a single family home, you find many townhomes around $ 300,000. Buyers wanting to spend half a million or more find a good supply of available homes.

You need a Realtor to assist you on your home search, who knows the local markets and is working as a professional in the real-estate market for many years and has seen up and down markets.

Christian and Renate Bellingrath
Call Christian Bellingrath and Renate Bellingrath from Florida-Online-Realty.Com, Inc. today: (813) 641-3339
We will gladly assist you with all your real estate needs.