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Tuesday, August 05, 2008

Tampa, Florida Economic Real Estate Report 2008

I've been receiving a lot of requests for the 2008 Tampa Bay Economic Report, which addresses the Real Estate Housing Market here in the Bay area. It also has data on new construction housing starts

If you would like to receive a copy of this 30 page in depth analysis just send us an email with your request. The file is in PDF format so I cannot post it to the site.As a Real Estate agent working with buyers; these are the trends I've seen over the last 3 months in the Tampa Bay area.

  • Buyers who are inquiring are investors that have money in REITS and realize that it makes good business sense to buy low.

  • Mother's are calling for their college kids; considering buying instead of renting.

  • People wanting to move to Florida, or purchase a second home to buy now and have for retirement.

  • Buyer's who need to relocate for their jobs.

Invest in that beach house you've always wanted. Beachfront and Waterfront Property is at an all time low in Clearwater, St. Petersburg, Indian Rocks Beach, and all the beaches within a 30-45 minute drive from the Tampa Airport.

We track where people are from through the site; so I can tell you most of the buyers are coming from New York, Pennsylvania and Ohio. Even International buyers from Shanghai. If that isn't proof that things are turning around I don't know what is.

Indicators like these are a very good sign that the bottom has bottomed out, and that now is the best time to buy a home. Yes, people type into Google "when is the best time to buy a home?"
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