Tampa Real Estate
Tampa Homes Sales, Up Or Down Depends On The Price
Two recent real estate reports offer unique insight into the Tampa housing market. On one hand, the most recent Standard & Poor's Case-Shiller home price index (released last week) boasts a 6% increase in homes prices as compared to this time last year. Another report, courtesy of the Wall Street Journal, states that sales of luxury homes in the Tampa area fell through the floor. Tampa Luxury Home Sales Crashed Referencing data from Zillow, the WSJ study concluded that the number of homes sold in the Tampa area with a price tag of $1,000,000 or greater, fell almost 56% from 2011 to … [Read More...]
Tampa Home Prices Are Increasing
"Is now the time to buy a home?", is a question I hear with increasing frequency from friends and real estate clients alike. Let's be honest, no one can predict the future. The best we can do is examine "trends" and hope to make the best decision based on the information at hand. This is why I am especially encouraged by the latest report from Standard & Poor's/Case-Shiller. In a comparison of September 2011 and September 2012, home prices in Tampa jumped by nearly six percent. Personally I believe the upswing is a combination of historically low interest rates coupled with increases in … [Read More...]
How The Fiscal Cliff May Impact Tampa Mortgages
One of the great benefits of home ownership has been the long "tradition" afforded to us by the IRS, the mortgage interest tax deduction. Now, before I get reprimanded for providing financial advice, let me state that I am neither an accountant, nor am I a financial advisor. While in most situations, mortgage interest is tax-deductible, it may not always be the case. Be sure to contact your accountant or tax professional for guidance regarding your unique financial position. There, disclaimer posted. The current tax code (for most of us) states that we can deduct the amount of mortgage … [Read More...]
