We’re already a few months into 2019, but that’s not stopping some of the experts from weighing in on Tampa Bay’s real estate market. It seems we’ll want to keep tabs on several factors could that come into play in the coming months.
Many people knowledgeable about local real estate are predicting a slowing for 2019. Even so, it’s expected to stay a relatively healthy market for both existing homes and new homes in the area.
While Tampa Bay’s still outperforming the nation as a whole, current trends show slowing appreciation. The threat of rising interest rates led to a strong selling season in 2018, but things could taper off.
Some experts believe prices will remain high, making it more difficult to find homes under $300,000. Trade wars could also be a factor, as could interest rates and even weather.
Despite this, some maintain that Tampa Bay real estate is more affordable than other parts of Florida and they’re optimistic about what’s to come.
Posted by Mike & Michelle Grizzell on