Are you thinking about making a move to Tampa Bay? Reach out Day/Nights/Weekends whenever you want; we never stop working for you!! Juan Alcala - Tampa Realtor 📲 Call/Text Direct at (813) 261-3540 📲 Email: info@trulivingroup.com 📅 calendly.com/juan-alcala/60min 👨💻 Website: www.tbhomesearch.com/ Follow us on Instagram: instagram.com/juan.alcala...
@Megans358
Жыл бұрын
Everyone I know is predicting them to return to 2018-2019 levels, which is where the mean is when you look at the charts. The issue is that people are impatient and don’t look at history. These things typically take a couple years to manifest in asset bubbles, especially with housing since it lags. There’s a record number of vacant homes bought by iBuyers and new construction. Once that hits the market with no buyers, prices will continue to decline further. When the vast majority can’t qualify for a mortgage for the median sales price, you know its due for a major fall.
@trulivingtampa
Жыл бұрын
I wonder what charts they are reading. It would take an over 45% drop in pricing just to get us back to 2018-2019. I agree that prices aren't sustainable, but we're not going to 40%+ unless the world melts down, and it won't be real estate's fault. THIS TIME.
@Megans358
Жыл бұрын
P/E ratio is one good example. At peak it was 8.5 over the summer for this market. Normal is in the 5 range. So yeah, roughly 40% is expected. It wouldn’t be real estates fault, mostly loose monetary policy and over leveraged investors. History shows us that those combined leads to terrible outcomes.
@GreaterIndianapolisLiving
Жыл бұрын
There are plenty of buyers... I think builders are not releasing homes to artificially create a shortage increasing pricing. GM is shutting down the truck assembly line for a week as prices are up with interest and lots are filling up. This will actually create an artificial shortage. Too many want the market to crash... but it won't. Prices will not increase like they were and some areas will see a decrease due to what is now a beauty contest and pricing war with listings.
@Ann-Marielivingonabudget
Жыл бұрын
Hoping to move in 12-24 months. Hoping prices in Florida drop some by then.
@trulivingtampa
Жыл бұрын
Thanks for watching!
@GreaterIndianapolisLiving
Жыл бұрын
Thanks for the info...
@trulivingtampa
Жыл бұрын
You’re welcome
@GreaterIndianapolisLiving
Жыл бұрын
@@trulivingtampa do you have any videos on the University of Southern Florida Tampa area? How far from water to put a waverunner in the bay? Thanks
@LindsayLola_
Жыл бұрын
Very informative. Thank you for sharing your insights!
@trulivingtampa
Жыл бұрын
You’re welcome! Thanks for watching.
@jamesskeen3392
Жыл бұрын
GASWORKS AREA IS GOING TO EXPLODE! 👍
@tommykemp4421
Жыл бұрын
Great video, my wife and I love watching your channel. We are planning on being in the market for a home in the st. Pete/Seminole area late summer. We will definitely be getting in contact with you!
@trulivingtampa
Жыл бұрын
Sounds great! We're here to help, Tommy.
@euphoniumist
Жыл бұрын
♥️ Juan is the best!!!!
@trulivingtampa
Жыл бұрын
Appreciate you, brother.
@nrolfsen
Жыл бұрын
Thanks for all the data, Juan! I do have a general question. On average, what percentage of take home income are you seeing your clients spending on their mortgage?
@trulivingtampa
Жыл бұрын
Great question. I don’t get into clients financials unless they request it. I honor that request by not sharing that information with anyone else. 😊
@nrolfsen
Жыл бұрын
@@trulivingtampa , I can appreciate that. Can you point me toward a resource that publishes that info? I’m trying to determine an approximate budget but I don’t see how the 28% rule works in the Tampa/St. Pete area. That means your rent/mortgage should’t be more than 28% of your income. However, when you look at the median household income vs the median home price, the numbers work out to be closer to 50%! I’m just curious if that’s normal here? Thanks again!
@markparriott5030
Жыл бұрын
Could you do a status on market on retirement communities
@trulivingtampa
Жыл бұрын
Hey Mark, absolutely. Send me an email and I’ll break it dow just for you. Let me know what cities you’re interested in and I’ll send it your way. juan@trulivingroup.com
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