buyers market in tampa
We bought a new home here in Tampa Bay last year, and we’re not too thrilled with the dip in the market. Our house is probably worth less now than we paid for it - that’s ok for right now, because it is the home we wanted, and we’re not going anyplace. But people who bought to make some money in the short term aren’t quite so lucky. It’s a great time to be a home buyer, provided you can afford the taxes and homeowners insurance. Mortgage rates are looking pretty good right now too! In fact, 30 year fixed mortgage rates for Tampa, FL are right around 5.77% right now - that’s lower than the rate we have from just last year. I can only hope that by the time we’re ready to refinance next year, that we can still get that kind of rate, if not lower.

Posted May 1, 2007
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