Provided By Annette Bohannon, Team Bohannon Real Estate Consultants, Keller Williams Tampa Properties
Happy Monday from Annette Bohannon!
(Want a customized evaluation of your home and neighborhood, based on comparable homes that have sold recently? Call Annette Bohannon at 813-431-2840 and get a FREE detailed, market evaluation of your home or you can get a Free Market Report by following this link.
I’ve also included a few posts from our blog, other articles, links, videos and charts for those who want more information on buying or selling a house in the Tampa area. Plus, you can find out what’s happening with mortgage rates. If you need downpayment assistance make sure to check out the information at the end of this issue of Tampa Market Monday.
From the Blog:
Anand Nallathambi, President & CEO of CoreLogic, believes this is great news for the “long-term health of the U.S. economy.” He went on to say:
“The number of homeowners with more than 20% equity is rising rapidly. Higher prices driven largely by tight supply are certainly a big reason for the rise, but continued population growth, household formation and ultralow interest rates are also factors.”
Of the 91.5% of homeowners with positive equity in the US, 72.6% have significant equity (defined as more than 20%). This means that nearly three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.
That’s according to the magazine U.S. News and World Report, which ranked the country’s 100 largest metro areas on a variety of measures, including cost of living, job prospects and quality of life.
In the magazine’s analysis, Tampa Bay ranks No. 42, one of six Florida metro areas to crack the top half. No state had more places in the top 50.
A monthly celebration of Downtown Tampa’s rich arts and culture scene! An evening of special offerings and programs by cultural venues, restaurants & more! Many restaurant and bar offerings extend beyond 9pm.
Advice for Buyers:
Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get to the good stuff, you’ve got to cobble together a down payment, a daunting sum if you follow the textbook advice to squirrel away 20% of a home’s cost.
Here are five creative ways to build your down payment nest egg faster than you may have ever imagined.
Advice for Sellers
Have a Fantastic week!
–Annette Bohannon, Team Bohannon, Keller Williams, 813-431-2840 www.teambohannon.com