My Blog
2021 1Q Tampa Bay Residential Real Estate Update
While 2020 was a challenging year for many, the real estate market has been very active. Home sales, after plummeting in April and May, bounced back with a strong second half and ended the year roughly equal to 2019. The key items driving these results are:1. Interest rates remain at historic lows (2.66%)2. Inventory is also at historic lows (5 weeks inventory vs. usual of 5 months)3. Escalating migration to Florida has accelerated demand for more housing4. 1, 2 & 3 causing prices to in...
Jan 15, 2021
‧
New & Newsworthy
3 Reasons Not to Refinance
With interest rates at historic lows, refinancing a mortgage can seem like an easy decision. Before you do, consider these points:Will you be in your home two years from now? If not, the cost of refinancing likely will not offset the gain from a lower interest rate.What is the chance interest rates will continue to decline? If likely, waiting could save you even more money. In today's environment, there is little room for rates to decline minimizing this concern.How many years do you have ...
Jan 14, 2021
‧
New & Newsworthy
What “ERA Powered” Means for You
Tomlin St Cyr Real Estate Services | ERA Powered...What does "ERA Powered" mean for you? In short, it reinforces what we at Tomlin St Cyr strive to be every single day for you:Exceptional Real Estate Advisors! Having achieved a high level of success on our own in the Tampa Bay real estate market in just a few short years, we found ourselves ready to take it to the next level. By combining the ERA family with ours, we were able to capitalize on what ERA has to offer including the finest, cut...
Jan 13, 2021
‧
New & Newsworthy
Want to take your search on the go and find nearby homes? Download my free mobile app.
