Are Prices for homes going up or down?

Asked by Barbwingert50, Sun City Center, FL Sun Dec 2, 2012

This question was asked from http://www.trulia.com/property/3100485466-705-Augusta-Dr-Sun…

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8
Antonio Vega-Pacheco’s answer
Antonio Vega…, Agent, Saint Cloud, FL
Mon Dec 3, 2012
In Central Florida prices have continuesly gone up for over 18 months now. There are 3 large out of state invetsment companies that are placing offers on most properties in the 100 and lower ranges, making it next to imposible for common buyer to have a chance at those properties.
1 vote
Bill Eckler, Agent, Venice, FL
Mon Dec 3, 2012
Barb,

The general direction of any market is closely tied to builder activity. My most recent contract, written on Friday, was on a new construction that is scheduled for at least a $5,000 price increase today. To my astonishment, I was told that D.H. Horton had already had two other recent price increases in the Venice area.

Oh no! Could we be headed in the same direction we were prior to the "Big Bust" with wild out of control home prices.

So Barb, the answer to your question is both "yes and no" and depends largely on the subject property as we are transitioning out of the "buyer's market."

Good luck,

Bill
1 vote
Alma Kee, Agent, Tampa, FL
Mon Dec 3, 2012
Hi Barb,

I'm not an expert in Sun City Center but in other areas of Tampa Bay most properties under $200k are selling FAST and at or above the comps to ALL CASH investors. Your Realtor can show you the rising pricing trend by giving you a report of the recent sales of similar properties to what you're looking to buy.

Also if you are a first time homebuyer we have State of Florida Bond money that may be able to give you up to $7,500 to be used towards your downpayment and/or closing costs. You MUST work with an APPROVED lender and be able to qualify based on your 640 credit score and cannot earn more than about $70k to get the money. You can verify your ability to qualify according to your household size and income by going here:

http://apps.floridahousing.org/StandAlone/FTHBWizard/FTHBWiz…

Hope this helps.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
http://www.SoldOnTampa.com
0 votes
Patricia Rom…, Agent, Nashville, TN
Mon Dec 3, 2012
The Nashville Tn. Real Estate Market has seen a 2-4 % increase in Closed Home prices in Oct. and Nov. While there remain great deals on
Foreclosues and short Sale in many neighborhoods several areas have exceeded the price point per square foot pre housing problems of 2008 .
0 votes
Vickie Bruni, Agent, Sun City Center, FL
Mon Dec 3, 2012
btw, I would consider this home as being "in pristine condition", and deserves the asking price.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon Dec 3, 2012
As you know, real estate is a local affair.
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Just as a reference, one single family home community recently analyzed showed flat growth (less than 2%) with leading indicators of more rapid increase in value for 2nd quarter 2013...if we remain on the right side of the cliff 2013 could result in sufficient equity growth (5%) to allow some home owners to get an equity loan to replace their roof.
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A second community,. where all the crucial elements were fully satisfied, has demonstrated increased values of nearly 100% in one year. This community is 'big water view' and demonstrated that the classic value retainer are still big value retainers. Bank owned sold at 30% above value and traditional sales 200+ percent above values. (7 sales in 6 months) WOW!!
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If you review the 'Market In A Minute' reports on my blog you can see the trends regarding real estate in select communities in the Tampa Bay Area. My observation is this pattern is typical of all three hard hit states.
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Real estate is a local affair. Values are more likely to increase than to decline.
Best of success to you,
Annette Lawrence, Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us

PS: if you are a serious buyer in the Tampa Bay area I would be happy to share with you the analysis.
0 votes
Trudy Provin…, Agent, Sun City Center, FL
Sun Dec 2, 2012
The housing market is starting to come back slowly and there seems to be an increase in listing prices. There are still good buys and low interest rates.
Trudy Province, Prudential Florida Realty
Sun City Center, Fl
813-416-5058
trudyann@tampabay.rr.com
http://www.suncityflorida.net
0 votes
Vickie Bruni, Agent, Sun City Center, FL
Sun Dec 2, 2012
rising, but very slowly. and the property must be in pristine condition. average homes bring average or lower prices.
0 votes
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