Riverview Florida

Real Estate Agent - RE/MAX South Shore Realty
How sales, inventory, and interest rates are affecting the currrent real estate market.
FAST FACTS Foreclosures & Short Sales 1st Qtr thru May 2010  Over 35% of the homes sold nationally in March 2010 were short sales. NAR  Nationally, 30 day mortgage delinquencies are down 6.57%. That's a drop of about 16,630 delinquent loans and, though modest, it is the first decline in the delin...
Posted almost 4 years ago
Are you familiar with the Idiom You Snooze, You Loose? You most probably have herd or will hear this term more than once in your lifetime. My use of the term here means that if you let yourself get distracted from buying a home today you are going to kick yourself in the butt tomorrow for not tak...
Posted about 4 years ago
Tampa average home sales prices were all over the place in 2009. In Jan 2009 the average sales price was $160,775, Jun 2009 $170,196 and Dec 2009 $163,275. Active inventory in Jan 2009 19,634 in Dec 2009 13,988. Current months inventory 8.4. Sales are still robust with interest rates low and gove...
Posted about 4 years ago
Let's look at the facts. The average sales price of a home in Hillsborough County Florida in October 2005 was $269,403. Today the average sales price is $156,775. Down a $112,628. Mortgage rates were at 5.66% (30 year fixed rate) in October 2005, today they are at 5.03%. This is about a $63. savi...
Posted over 4 years ago
Residential Home Inventory continues to decline. Current home inventory in Hillsborough County is 14,109. Home sales for October have been the best since Oct 2005. With 1,722 homes sold. Current Months Inventory is down to 8.2 months. The only negative side of the market is average sales price wh...
Posted over 4 years ago
Fall is just around the corner with cooler weather and leaves changing, but the housing market is heating things back up with great prices and lower interest rates.  When is a great time to buy, NOW!. I would hate to see a lot of people kick themselves in the butt because they didn't take advanta...
Posted over 4 years ago
  Greater Tampa Association of Realtors® Seven Year Sales and Inventory History July  2003 - 2009                  Compiled from Monthly Sales and Inventory Reports                                 Monthly Average             Average             % Avg                               Current         ...
Posted over 4 years ago
Below are slides from a power point presentaton I did for my agents comparing the Tampa area real estate market with the National real estate market.
Posted almost 5 years ago
RE/MAX International is running a TV ad showing buyers kicking themselves in the butt because they didn't take advantage of the real estate market when things were great. If you are waiting for the housing market to bottom out you are already to late. Mortgage rates are on the rise as well as the...
Posted almost 5 years ago
The Tampa real estate market is awesome. Active inventory continues to drop while contract pendings and solds continue to rise. Active listings declined in May by 10%. Contract Pendings and Solds have increased by 10% over April 2009. Banked owned and short sales dominate the market. The only bad...
Posted almost 5 years ago

Ed Pichette

RE/MAX South Shore Realty
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Current Real Estate Market Conditions