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
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
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
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
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
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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