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Clearwater Real Estate Bubble Benefits Buyers



I


f you’ve been considering       rise, and then spiked suddenly.   
buying a home in                The fuel for this sudden spike    
Clearwater, the stars are       was a combination of corporate    
lining up in your favor, say          relocations, normal turnover in   
housing experts. The Clearwater       the housing market and            
real estate market has become a       speculative real estate investors 
buyers’ market, shifting almost       trying to cash in on home prices  
180 degrees in just one short         that rose 98% in five years,      
year. After a sharp spike in home     including a 30% jump from 2004 to 
prices from 2003-2005, the market     2005. From 2001 to 2005, the      
seems to be adjusting itself and      median price for a single family  
leveling off, with Clearwater         home sale in Clearwater rose from 
homes settling in at a very           $109,600 to $217,400, and         
affordable price. While I             speculators scrambled to grab up  
personally don’t believe there        properties with the expectation   
has been any bubbles bursting         of cashing in with a short-term   
here, if you’ve been waiting for      turnover.                         
the best time to buy real estate                                        
in Clearwater, that time has          Now that new construction has     
arrived.                              caught up with the demand for new 
                                      homes in Clearwater, the real     
The Tampa Bay / Clearwater area       estate market has steadied and    
has traditionally been one of         new home sales have slowed to a   
Florida’s largest housing             more normal rate. If you’re in    
markets, with a solid population,     the market to buy Clearwater real 
low unemployment and strong           estate, you’ve got quite a few    
family neighborhoods. Beginning       positives going for you right     
in 2002, the demand for single        now:                              
family housing in the Clearwater                                        
area of Pinellas County began to      - Prices have dropped             



slightly, but home values are         starting to edge up               
expected to remain level or                                             
continue to rise at a more            Of course, there are advantages   
reasonable level                      other than financial to owning a  
- Clearwater real estate              home in Clearwater. Pinellas      
prices are still below those of       County consistently ranks in the  
metropolitan areas throughout the     top metropolitan areas to live.   
country, including other Florida      The climate is sunny and warm,    
regions                               the school systems are excellent, 
- The economy is strong,              the economy is strong and the     
with unemployment below the           Gulf of Mexico is at your         
national average                      doorstep. What more could you     
- Property taxes are among            want in a home and a place to     
the lowest in the country             live?                             
- Mortgage rates are low,             

                              
but the interest rates are            




About the Author:

Bob Lipply and his team of full time, full service Tampa Bay Realtors, will work hard to find you the perfect home. View available properties at Clearwater Real Estate, or you can also call toll free at 1-888-423-5775. We answer all calls promptly.


Read more articles by: Robert Lipply

Article Source: www.iSnare.com


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    Clearwater Real Estate Bubble Benefits Buyers