Archives for May 2020

Tampa Real Estate Market 2020 Overview

May 30, 2020 by Marco Santarelli

If you are considering buying a house or an investment property in the Tampa real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. Tampa is gaining popularity owing to its hot housing market where several investors have been putting in their stakes. The rental market is very strong in Tampa Bay. It is one of the top locations for buying rental property in Florida. There are several economic and development prospects attached to this market and Tampa, FL is of the hottest real estate markets in the U.S. in 2020.

The Tampa housing market is growing steadily, prices are still low and properties have a good chance for a strong appreciation in the coming years. There is less than 2-month of the available inventory in the entire Tampa metro area – down almost 21.4% over last year. This is one of the key factors in rising home prices. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything lower than 5.5 months of inventory is traditionally a sellers' real estate market.

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Where To Buy Denver Investment Properties In 2020?

May 29, 2020 by Marco Santarelli

Denver has been one of the fastest-growing metro areas in the United States for years. It stands out for ranking among the top ten in quality of life, as well. That is reason enough for many potential real estate investors to consider buying Denver investment properties. Take its relatively low taxes and landlord-friendly laws into account, and this looks like a great time to buy. However, some areas are better than others.

Let’s learn more about the local real estate market as a whole before we tell you which neighborhoods are the best places to look for Denver rental properties. The homes in the Denver area doubled in value from 200,000 to 424,000 dollars over the past ten years. The median home price hit 480,000 dollars at the end of 2019. That translates to roughly 7.5 percent annual appreciation rate for ten years straight. For comparison, wages only increased by about 2 percent a year.

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Reno Real Estate Market 2020 Overview

May 26, 2020 by Marco Santarelli

If you are looking at buying an investment property in the Reno real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. The real estate market in Northern Nevada has been growing strong and steady. Home prices and demand have surged in the Reno housing market over the last decade. As a result of an influx of companies and jobs in Northern Nevada, strong housing demand continues to put pressure on the available supply.

The surge in demand due to housing shortage combined and fewer new construction has led to a sharp increase in house values in recent years. Despite slow down in real estate sales due to COVID-19, the median price for an existing single-family home in the city of Reno went up to $439,500 in April 2020, a nearly 10% increase from a year ago.

The end of the first quarter of 2020 saw no indication of prices coming down in the Reno area. That's mainly due to the low inventory of homes as home sellers are holding off on listing their properties until the pandemic is over. The median price in March was $430,000 — a 6 percent increase from February ($405,373) and a 10 percent increase from March 2019. Let’s talk a bit about Reno before we discuss what lies ahead for investors and homebuyers.

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Charlotte Real Estate Market 2020 Overview

May 23, 2020 by Marco Santarelli

If you are looking at buying an investment property in the Charlotte real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. When someone considers investing in real estate, attention tends to drift to the hot markets like San Francisco or the places those residents are fleeing to due to the high cost of real estate. In other cases, investors focus on the “cool” places people want to be and assume that will yield a good return on the investment.

We’ve taken the time to look for the better long term opportunities, and that brought us to the Charlotte housing market. Charlotte is the largest city in North Carolina. The city proper is home to more than 800,000 people. The Charlotte Metropolitan Statistical Area is even larger – home to roughly two and a half million people. It is one of the country’s fastest-growing metro areas, and it was the second fastest-growing city in the southeastern United States. Only Jacksonville, Florida was growing faster between 2004 and 2014.

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Tucson Real Estate Market 2020 Overview

May 22, 2020 by Marco Santarelli

The real estate market has been booming in Southern Arizona and housing experts see positive trends in the Tucson housing market 2020. If you are looking at buying an investment property in Tucson, you'll find all the housing statistics on this page to help you make a sound decision. The Tucson real estate market hit the news a decade ago for hitting incredible highs before the average home value was cut in half. However, its slow recovery has been overlooked by the media and investors alike. With a strong economy and low mortgage rates, buyer activity has been strong in this region.

The housing inventory levels are still below historical norms. With supply and demand continuing to favor sellers prices continue to rise in the Tucson real estate market. The Tucson housing market is seeing moderately strong demand, but it is nowhere near the insanely overheated conditions it saw in the 2008 housing bust. Last year, the median sales price increased by 12.3 percent to $252,750 for single-family homes. For townhouses and condos, the median sales price increased by 18.4 percent to $166,000.