Tuesday, May 13, 2008

Tom Burkett calls a bottom for Tampa Bay Real Estate

Tampa, Fl May 13, 2008.
From everthing I see, read and hear the Tampa Bay area real estate market hit bottom sometime between February and April of 2008. If you have been sitting on the fence and waiting to time the market and buy at the bottom, now is the least riskest time in over 10 years to buy a home. Read on:

Florida Realtors reported positive signs in their local housing markets during first quarter 2008, noting a slower rate of expansion for inventory levels and an increase in pending home sales in some areas. Another positive note: A total of 8,581 existing condos sold statewide during the quarter, up 8.3 percent over fourth quarter 2007. "If we look at what is happening month-over-month for 2008, it appears that the bottom may be here," says 2008 FAR President Chuck Bonfiglio. "We are now seeing more activity, more sales and even prices starting to rise in some markets."

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-051308.cfm

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