Continuing our line of blog entries on the improving housing market, a front-page Tampa Bay Times piece highlights spurred new home sales nationally and in the bay area.
Helped by rock-bottom interest rates and major price cuts, new home buyers have discovered that right now is the time to buy. The long-struggling housing market received better than expected news on demand for new homes. Nationwide, new home purchases are up 10% above what they were just a year ago. In the first quarter of this year in the local area, alone, new home starts jumped nearly 27%.
If the economy and housing market continues to improve, and interest rates remain at historic lows, first-time buyers and former distressed property owners will gradually, but inexorably, boost the real estate market.
Please be advised that this article does not constitute legal advice nor does it provide any basis to form an attorney-client relationship. Nothing in this article should be copied without the express permission of the author.
Mr. Hounchell has a law degree from The University of Florida College of Law and he is a principal in The Law Offices Charles A. Hounchell, P.A., in Tampa, Florida. Mr. Hounchell earned his undergraduate degree from The George Washington University in Washington D.C. and he obtained his MBA in International Management from the American Graduate School of International Management (â€œThunderbirdâ€) in Glendale, Arizona.
Mr. Hounchell is a licensed title insurance agent and a real estate agent with Smith and Associates, Inc. http://www.smithandassociates.com/; http://www.livecasanova.com/. He has lived in many different countries, including Spain, Brazil, Argentina, Mexico and Germany and he speaks Spanish and Portuguese. A significant portion of Mr. Hounchellâ€™s law practice is concentrated on Real Estate Law. He can be reached at 813-230-3376 or firstname.lastname@example.org.