According to the National Association of Realtors, home inventory levels are rising across the United States. This is good news for buyers, who will have more homes to choose from, and for sellers, who will face less competition. Inventory levels have been rising for the past few months, and they are now at their highest level since 2013. This is a welcome change from the past few years, when inventory levels were at historic lows. The rise in inventory is due to a number of factors, including an increase in new home construction and a decrease in the number of homes being sold. This is good news for buyers, who will have more homes to choose from. If you’re thinking of buying a home, now is a great time to start your search. With more homes on the market, you’re sure to find one that’s perfect for you.
Rising Interest Rates
If you’re a homeowner, then you’re probably aware that interest rates on home loans have been rising in recent months. While this may be concerning, it’s important to remember that rates are still relatively low by historical standards. This means that now is still a good time to refinance your mortgage or to buy a new home. Of course, with rates on the rise, it’s more important than ever to make sure that you’re getting the best possible deal on your home loan. Here are a few tips to help you get the most competitive rate: 1. Check your credit score. Your credit score is one of the most important factors that lenders consider when determining your interest rate. If your score is on the lower end, you may want to consider taking steps to improve it before you apply for a loan. 2. Shop around. Don’t just go with the first lender you find. Get quotes from multiple lenders to compare rates and terms. 3. Consider a shorter loan term. A shorter loan term will usually result in a lower interest rate. 4. Make a larger down payment. A larger down payment will also lead to a lower interest rate. 5. Ask about discount points. Discount points are fees that you can pay to lower your interest rate. They may or may not be a good option depending on your situation, so be sure to ask your lender about them. By following these tips, you can be sure that you’re getting the best possible deal on your home loan.
Today’s Tampa Real Estate Market 10/24/22
If you’re thinking of buying a home in the Tampa area, you’re not alone. The Tampa real estate market is booming, thanks to the city’s strong economy and growing population. According to the latest data from the Tampa Bay Partnership, the Tampa metro area is expected to add nearly 1.5 million new residents by 2030. With so many people moving to the area, it’s no surprise that the Tampa housing market is extremely competitive. In fact, homes in the Tampa area are selling faster than ever before. According to the Tampa Bay Times, the median sale price for a home in the Tampa metro area reached a record-high of $225,000 in 2017. If you’re thinking of buying a home in Tampa, it’s important to understand the current market conditions. Here’s a look at the latest data on the Tampa real estate market. Tampa Home Sales Tampa home sales have been on the rise in recent years, thanks to the city’s strong economy and growing population. According to the Tampa Bay Times, the number of homes sold in the Tampa metro area increased by 9.2 percent in 2017. The Tampa real estate market is also becoming increasingly competitive. In fact, homes in the Tampa area are selling faster than ever before. According to the Tampa Bay Times, the median days on market for a home in the Tampa metro area was just 46 days in 2017. Tampa Home Prices Tampa home prices have been on the rise in recent years, thanks to the city’s strong economy and growing population. According to the Tampa Bay Times, the median sale price for a home in the Tampa metro area reached a record-high of $225,000 in 2017. Tampa’s rising home prices are being driven by strong demand from buyers. In fact, the Tampa metro area is currently ranked as the third most popular moving destination in the United States, behind only Seattle and Austin. If you’re thinking of buying a home in Tampa, it’s important to understand the current market conditions. The Tampa real estate market is extremely competitive, and homes are selling quickly. However, Tampa’s rising home prices offer an opportunity for investors to make a profit in the future.