Archive for April, 2011
South Tampa Homes are a Great Buy
If you’ve ever heard the saying, the writing is on the wall, below are some reasons and articles below why I believe the writing is definitely on the wall when it comes to purchasing South Tampa homes.
1. Florida leads the Nation in potential job growth. MIAMI – April 15, 2011 – According to a Wells Fargo report released this week, Florida is No. 1 in potential job growth once the state shakes off lingering effects from the recession.
The study looked at regional competitiveness – the factors that might lead employers to create jobs locally. To compile results, Wells Fargo analyzed 20 years of employment data and growth trends. It then projected future growth. While an expected boost in tourism post-recession played a part in Florida’s ranking, Wells Fargo also cited an expanded diversity in the state’s job market, such as the Scripps Research facility in Palm Beach County.
“The influx of new medical research facilities will help reinvigorate … growth in Florida, helping further diversify the state’s economy,” according to the report.
The study found Florida competitive in 22 industries. Georgia – No. 2 on the list – had 21. Wells Fargo considered traditionally white-collar industries as Florida strengths, including professional services, insurance and finance.
2. Rising Rents could spark more buyers. More buyers may enter the market as the entry price of ownership drops and the cost of renting continues to rise. Read more here.
3. Americans still optimistic about housing. Pew Research Center survey: 81% of adults say homeownership is the best long-term investment a person can make. Read more here.
4. Investors, foreigners cashing in on market. U.S. logs a record number of all-cash purchases, and some experts predict that number will only grow higher. Read more here.
5. Beazer Homes, one of the largest home builders in America, sets up home rental business. Facing a slow new home market, the builder will buy, upgrade and rent existing homes to purchase-shy consumers. Read more here.
6. Metrostudy: Housing shortage on the horizon? No April Fools joke: Construction slowdown lowered inventory; as more jobs spark buyer demand, home prices will rise. Read more here.
Whether you are a first time homebuyer or an investor looking to buy, rent and hold or flip, South Tampa has some great opportunities. It’s not easy to pick up these deals with all the interest, but that’s why it pays to have a seasoned Realtor on your side who knows the ins and outs of the South Tampa Short Sale and Foreclosure market. The wholesale market has continued to go lower while the retail market has remained strong and has shown recent signs of rising prices. This spells even better news as you can buy homes for less while there value after being repaired remains solid. To view South Tampa homes and find a great deal, please visit my website at www.SouthTampaSpecialist.com