Law Offices of Timothy G. Hayes, P.A. - "Service to Community"   (813) 949-6525

Recent Posts

2014 Real Estate Trends...Who Really Knows?
2014 Real Estate Trends...Who really knows?
Tampa Bay 4th in Foreclosures in US
2013 Year of the False Real Estate Bubble?
Real Estate Trends 2013


2011 Negative Trends Continue
2011 Real Estate Trends
2012 Real Estate Trends
2013 Real Estate and Business Trends Locally
2013 Real Estate Trends
2013 What's Ahead?
2014 Real Estate Trends
Small Business
Wills, DPOAs & Living Wills
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Just When You Think Things are Getting Better...

Just When You Think Things Are Finally Getting Better...the latest findings show another downturn in home sales and property values throughout our area.  When is is going to end?  Can property prices go any lower?  Regretfully, it appears that there is another wave of foreclosures pending on the horizon that may bring prices even lower.  I'm afraid that until we see a real recovery in the local economy there is no end in sight yet.
Moves by the Pasco County Board of County Commissioners to lower impact fees in order to kick start new home construction are ill-conceived and appear to be nothing more than a misquided effort to appease developers and home builders.

Who says the economy is improving?

Write your post here.
The St. Petersburg Times reported this past Sunday, March 20, 2011, that Florida ranks 2nd in the country "in the length of time from missing a mortgage payment to the end of the forclosure process, defined as when the bank takes possession".  The average foreclosure process in Florida takes 638 days and is second only to New York's 664 days!  That's 21 months of no mortgage payments before you are booted out of your house.  
It is anticipated that with 2.

2011 Real Estate Trends - Law Offices of Timothy G. Hayes, P.A.

Tim Hayes, Attorney at LawAs we start 2011 the real estate market both locally and statewide remains extremely depressed and all indications are that it will continue this way throughout 2011 and well into 2012.
Residential foreclosures remain at near record pace and as these residential properties are dumped back onto the local market they will continue to bring down residential real estate prices throughout the Tampa Bay area. 
We are also continuing to see upward trends in commercial foreclosures as well, especially in the stand alone office condo market.
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