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Interesting article from Architectural Digest on Luxury Trends –
Click here for more: Luxury Trends – Architectural Digest
• Mega Master Suites
• Wine Rooms
• Upgraded Pools – Infinity-Edge; Saltwater
• Screening Rooms / Theater
• Wellness Center – Sauna, Spa, Egyptian Bath
• Double Appliances
• Better-looking HVAC Vents
• Nightclubs
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Demand continues to dominate supply as prices of Tampa Bay Homes increased by 11% year-to-date in March, the third consecutive month of healthy gains. It’s a terrific opportunity for homeowners to take advantage of a seller’s market and list their home, especially with increased home equity due to price appreciation.
Here is original article: Tampa Bay Home Prices Surge Again
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Fewer Homes, Higher Prices
“Bay area sales prices surge 20 percent in January as supply shortage continues.”
Year-over-year price increase of 20% for homes in Tampa Bay area from January 2015 to January 2016. Prices have been accelerating due to demand far outweighing supply.
Here is link to article:
https://www.tampabay.com/news/business/realestate/tampa-bay-home-prices-soared-20-percent-in-january-as-supply-shortage/2266458
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新年快樂
Happy Chinese New Year.
“There’s a flood of Chinese money coming into Florida for investment…much of the Chinese money enters Florida through the EB-5 Visa Program.”
Click for Article: Chinese Investors Target Tampa Bay Real Estate
你的EB-5签证的投资者?
Are you an EB-5 Visa Investor?
我们可以帮助
We can help.
更多信息电子邮件 eb5@elegantcasas.com
Email eb5@elegantcasas.com for more info
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Hello Tampa Bay,
Here are predictions for 2016:
1. 2016 = NORMAL
We are expecting a healthy growth in prices, although at a slower pace compared to recent years. After many years of abnormal trends, market conditions are becoming more normal. I expect that home prices will increase at a more normal rate due to the market being more balanced. I predict that home values will increase 4-5% in 2016.
2. Higher Rent
Rents have been climbing at an explosive rate, increasing more rapidly than home prices. This trend will continue to enlarge the gap of affordability of buying versus renting.
3. Higher Mortgage Rates
Mortgage rates are expected to be pushed higher, but the level of increase should be manageable for most buyers. I predict that the 30-year fixed-rate mortgage will end 2016 about 50 basis points higher than today at around 4.5%.
4. Entry-level New Homes
New construction will continue the trend towards entry-level homes. Builders will continue to shift to more affordable homes for entry-level buyers. This is largely due to increased access to credit, as well as changing demographics.
5. Milennials
Milennials (ages 25-34) will continue to play a major force in the market. They represented 1/3 of home buyers in 2015 at nearly two billion sales.
Best regards,
Michael A. Melnyk