Yes on Amendment 4: New Effort Underway to Lower Property Taxes

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This morning I had this email in my inbox: “I have some very important news for you! Today you will begin to see the launch of the “Yes on Amendment 4″ campaign by a group called Florida Taxpayers First. Amendment 4 will lower property taxes for new homebuyers by providing an additional homestead exemption, give [...]

Tampa Bay Real Estate Stats: The Market is Heating Up & Inventory Shrinking

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As I was huffing and puffing away on the treadmill this morning at the gym, I watched the local news which displayed the headline “Real Estate Market Heating Up”.  I’ve been saying it for awhile now – the Tampa Bay real estate market is heating up.  I feel like a bit of a broken record [...]

Ask Freddie Mac and Ye Shall Receive: A Short Sale Christmas Miracle

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If you read today’s St. Petersburg Times, you’ll find this article by Mark Puente regarding my ordeal with US Bank and Freddie Mac on a short sale listing I have in Tierra Verde.  I’d contacted US Bank and Freddie Mac for months – over a year actually, but it’s sad that we Realtors have to [...]

Top 5 Consumer Websites for Real Estate Research

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Often we have many buyers we are working with who send us links to properties they’ve found on sites like Trulia and Zillow.  No offense to these sites, they are great for some things, but doing current real estate research is not one of them.  The sad truth is Trulia and Zillow infrequently update listings, [...]

5 Signs Real Estate Recovery is Here

David Stevens FHA Real Estate

David Stevens, president and CEO of the Mortgage Bankers Association, is bullish on home ownership.  Stevens — a former Long & Foster Cos. executive who stepped down as head the Federal Housing Administration (FHA) in March — thinks there’s sunshine on the horizon and it may be here sooner than anyone realizes. Recently Inman News [...]

Citizens Denied My Request for a Sinkhole Policy

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You may recall I wrote about Citizens Insurance recent Sinkhole Policy changes.  I recently moved out of my own primary residence and decided to make it into an investment property, and thus had to get a new insurance policy that covered the tenant living in the property.  I’ve had Citizens insurance for quite some time.  [...]

Tampa Bay Real Estate Stats for September 2011

Tampa Real Estate Stats - 4 Year History

Another month of interesting stats here in the Greater Tampa Bay area! The chart above shows a 4 year history back to October of 2007. A couple of things you’ll immediately notice: 1. We are at 5.8 months of inventory. 6 months is considered a “normal” market – neither a buyers market nor a seller’s [...]

Citizens Insurance Sinkhole Coverage Changes

Image via BayNews9.com

You may have heard in the news that Citizens is raising sinkhole coverage rates significantly in January due to new legislation regarding sinkhole coverage.  Florida Insurance Commissioner Kevin McCarty approved an average statewide increase of 32.8 percent, which still will pinch many homeowners but is far from the absurd 447 percent increase Citizens initially sought. [...]

Americans Still Want to Live Large

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According to a recent article from Today, Americans are still living large.  I see it in my own business, many people are upgrading the size of their home rather than downsizing. Housing bust or not, we’re still living a lot larger than the previous generation. Although average new home sizes have shrunk a bit since [...]

Invest in Tampa Bay Rental Properties Now

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If you have been thinking about investing in real estate, now is the time.  Because over 1 million homeowners were foreclosed on in 2010, the rental market has skyrocketed because those former homeowners now need a rental to move into. The rental vacancy rate (the share of rental housing that is vacant and for rent) [...]

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