The Tampa Tribune reports that Tampa was among the nation's top 20 metro areas with the highest appreciation. According to a report from the Office of Federal Housing Enterprise Oversight, existing home sales rose 27 percent during the first quarter of 2006 compared to the previous year. The rates of appreciation within Tampa, varied by neighborhood with the homes in the hottest communities of New Tampa and South Tampa generally benefitting from the highest appreciation percentages.
The rate of appreciation is slowing; summer has brought slower appreciation due to a decrease in demand and higher inventory. According to Andrew Leventis, an economist with the housing enterprise oversight office: "Housing prices have risen, inventory is rising, and it's taking longer for folks to sell their homes."
Interested in buying or selling a home? Contact Russ Perlowski, Exit KG Realty---(813) 494-2124
www.MyRealtorInTampa.com
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