Month: March 2012

Tampa Is 9th Fastest Growing City in Non-Farm Jobs

With a job growth rate of 1.7 percent from January 2011 to January 2012 in non-agricultural employment, Tampa was the ninth fastest growing city among cities with at least one million workers. This was announced by Lee McPheters, an Arizona State University professor who analyzed job growth data compiled by the U.S. Bureau of Labor Statistics. As explained by McPheters,…

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Lower Tampa Home Prices Reflected in Lower Realtor Earnings

Relatively low Tampa home prices in 2010 were reflected in the lower annual earnings of realtors in the Tampa area in 2010. As commissions of realtors are based on home sale prices, it follows that the lower the home sales prices, the lower the commissions. Of the 24 metropolitan areas in Florida, as defined by the Bureau of Labor Statistics,…

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New VA Clinic Adds to List of Pluses of Military Retirement in Tampa

The construction of another Department of Veterans Affairs (VA) Clinic in the Tampa area adds to the list of factors that can boost military retirement in Tampa. Health care facilities, especially those that cater to military personnel and their families, are among factors that prospective military retirees consider when choosing their place of retirement. ¬†According to a VA chart, there…

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Tampa Among Top 10 Spring Break Destinations for 2012

Tampa is one of the Top 10 spring break destinations for 2012, according to the Orbitz Insider Index. It is ninth in the Top 10 list and it is one of four Florida cities that made the list.¬† The other three are Orlando, Fort Lauderdale and Fort Myers. Florida is the only U.S. state with more than one city in…

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Real Estate Tampa Soared in Price and Sales Volume in February

February 2012 saw real estate Tampa soaring in terms of sales and price month over month. Sales volume increased by 12.8 percent from 1,402 units in January to 1,581 units in February. The average sales price increased by 5.2 percent from $143,722 in January to $151,158 in February. The average listing price also increased, as sellers knew the price effect…

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Falling Number of Pinellas Homes for Sale Pushes Up Home Prices

As the number of available Pinellas homes for sale continues to drop, prices of homes in the area begin their upward move. As buyers compete for the diminishing inventory, sellers increase their asking prices and bidders for the same properties go beyond the listing prices. Over the five-year period since 2007, the Pinellas housing inventory has been declining from month…

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Supply of Homes for Sale in Tampa Continues to Decline

The decline in the supply of homes for sale in Tampa that started in April 2008 continues in 2012, as shown in charts published by the Greater Tampa Association of Realtors (GTAR). In January this year, the number of listed homes dropped by 10.23% over the month and by a whopping 43.48% over the year to 9,134 units. Over the…

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Florida Homes Continue to Be Affordable

Florida homes became more affordable in 2011, based on the housing affordability index report by the National Association of Realtors (NAR). All of the Florida metro housing markets monitored by the NAR posted increases in affordability compared to 2010, except one, which was the Cape Coral-Fort Myers market. The most affordable market in Florida was Ocala and the market with…

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