Navigating Outside the Norms

Hi Young Professionals of GTR! We are all juggling and navigating this insane and demanding market. Showing property after property is exhausting and time-consuming. As buyers are on the hunt for their perfect home, some realize they must change their search criteria to new areas, which leads to us trekking outside of our normal stomping…

Details

CEO Report | May 20, 2022

Florida and, certainly Tampa Bay, continue in a familiar holding pattern, despite changes all around us.   GTR Economist Elliot Eisenberg reports the region’s low inventory, a product of the continued hot market, will largely insulate us from the impact of higher prices and higher mortgage rates occurring elsewhere. Tampa remains among the nation’s fastest…

Details

CEO Report | May 13, 2022

As rising mortgage rates are beginning to cool other markets, Florida’s increasing population is likely to keep our housing market in a relative status quo for a while, state-based researchers say.   Conversely, Moody’s Analytics chief economist Mark Zandi cautions that “overvalued” housing markets could see home prices slip 5% to 10% over the next…

Details

CEO Report | May 6, 2022

Topping our headlines today is the Federal Reserve’s approval of a half-percentage point increase in interest rates.   While the Fed action is designed to curb record inflation, The Wall Street Journal speculates that borrowing costs for home mortgages, auto loans and business debt could begin to slow economic growth later this year. The average 30-year mortgage…

Details

CEO Report | April 29, 2022

  This week we are watching developments in two lawsuits with the potential to shift the industry significantly, as well as other disruptions, both positive and concerning.   The National Association of REALTORS® and Realogy both say they will appeal a judge’s ruling this week that granted class certification in one of two federal commissions…

Details

CEO Report | April 22, 2022

Today’s housing market remains hot but cooling, according to figures released this week by the National Association of REALTORS®. NAR reports total existing homes sales dipped 2.7% from February to a seasonally adjusted annual rate of 5.77 million in March. NAR economist Lawrence Yun points to rising interest rates and inflation for the decline. At…

Details