Housing crash? What housing crash?
As I’m sure you’ve guessed, I’ve been keeping tabs on the market to let everyone know how things are looking. And despite the doomsday-ers predicting a downward spiral in property sales and values during the unstable economy we’ve been navigating for the past few years, the real estate housing market in Florida has remained a solid investment.
Experts have been predicting a rebound in the housing market since the beginning of this year. The Dow released results in May for the S&P CoreLogic Case-Shiller Indices that show all 20 major metro markets reporting month-over-month price increases. (For those that don’t study the real estate market regularly, the Case-Shiller home price indices are the leading measure of U.S. home prices.)
Not surprisingly, Miami, Tampa, and Charlotte ranked in the top three for the highest year-over-year gains in the housing price index. As of March 2023, Tampa has been generating a 4.85% one-year return on investment.
Ergo, despite the world going bonkers since March of 2020, making your home in Tampa has been a piece of sanity – and literally paid off. Tampa consistently outdoes itself when it comes to demonstrating its value.
It also doesn’t hurt that Tampa is truly a fantastic place to live without the premiums you pay in other coastal cities. As a Tampa native, I can vouch that we don’t really have tradeoffs here. Our quality standards and cost of living match, so you get the best of everything, plus the great outdoors in your back pocket.
It’s not too late to get in on the hot Tampa housing market! If you still need some convincing, I’d be delighted to chat about what you’re looking for and show you a few hidden treasures in my listings that you’ll fall in love with.
I’ve been in the real estate business for almost two decades here in Tampa, and I know how to find just the right place for you. I promise I won’t steer you wrong, and I don’t want you to miss out. Get in touch with me today, and make that summer move or investment property a reality!