For 38 straight months, real estate prices in the Tampa Bay area have increased. The market remains very active with lots of listings and buyers. The time has come once again for buyers to jump when they see something they like, because it probably will not be around tomorrow. It is also still a great market for investors, and competition is tough!
Interest rates are staying in the mid to high 3% range, an amazing opportunity for anyone that can qualify to purchase a home. The short sales have tapered off, but there are still quite a few bank foreclosures to be had. Despite this, it is still a decent time for owners who want to sell their homes, with the way prices have steadily climbed over the last three years.
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