Florida’s Tampa Foreclosure Homes in Mixed up Confusion
Two different reports about Tampa Foreclosure Homes were released around the same time and have contradictory numbers. If both of them are to be taken at face value, then this is a very good time for the housing market in the bay area; this is also a rather bad time for the housing market in exactly the same area. If this information seems confusing, well, we’re talking about facts and figures released by two important organizations related to the housing industry.
A 76% increase in sales of home since January this year has been reported by the realtors of the Greater Tampa Association. RealtyTrac, which is based out of California, has released a report which says that Foreclosure Homes in Tampa has gone up two times during the same period.
Deborah Farmer, who works for the Association of Realtors’, sees Tampa Bay as a very good market. She sees growing influx of people who want to buy homes in Tampa.
Bill Sanchez, another counselor who is working with people in various stages of foreclosures works for a non-profit organization, Tampa Bay Community Development Corporation, says he is getting to see people who have mortgages that are good. According to him things are getting worse and the worst period is yet to come. Jobs have been lost and people are having their homes reduced he adds.
With some much contradictory information floating around one can’t help but think they’re stuck in the middle of things. Morgan Barfield, a south Tampa resident, spent $80,000 on getting his home renovated, and he feels he’s one of them. He says that it’s not the receiving of offers that is a problem, there are plenty coming to him, the prices he’s been offered is what he has a problem coming to terms with. He’s received offers that are one third the value of what the property’s worth.
The one piece of statistic that people across can see eye to eye on is the prices of properties continuing to fall. Since January this year prices have fallen eight percent.
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