Economic Out look for 2018: Erosion of Housing affordability Video

2018 Prediction: Erosion of Housing Affordability
Describes my experience in the last 6 months

Interest Rates forecast it will rise as much as a percent.
Home price rising 6% but lower price rising is 15% up,
This is a killer for those Millennials looking to buy their first home.

The last few years in South Pinellas County behind the Beaches and Downtown St Petersburg have been a great time to buy low CASH in UP and COMING areas and make a killing.
Retirees, single ladies, Millennial's are looking to buy, they also want to buy "updated".

Cash investors have been naturally taking advantage of these up and coming areas and renourishing
communities by buying low, rehabbing then flipping homes that should not normally appraise but with enough cash down to make it not matter. Lack of inventory and Demand rule right?

I have seen this in the summer and fall normally off season and a good time for any buyers, especially young people looking to get their foot into the American Dream. The affordable reasonably updated, small home, housing market in Pinellas Florida is booming, causing multiple offers to come in on the best home in the worst, but ok neighborhoods.

This demand pushes the once affordable home locations to shrink and so do the opportunities for first home buyers with their hope of 3% down FHA loans finding themselves just
out of a the market.

Listen to Core Logic Dec 2017, eloquently sum up this trend Erosion of Housing affordability 

Diana Sames
727 776 0122
REALTOR
REMAX Preferred
http://www.welcometothebeaches.com/

Regency West St Pete Beach Affordable Condo on Saint Pete Beach Living Open House

Regency West Saint Pete Beach  affordable large residential condo for sale.

http://5555gulfblvdunit402.upcomingopenhouse.com/194369

Regency West Condominiums 5555 Gulf Blvd St Pete Beach FL

                                                    REGENCY WEST Condominium
                                               5555 Gulf Blvd St Pete Beach FL 337706
                                        5555 Gulf Blvd Unit 402 St Pete Beach Fl 33706
                                           No Land Lease and it includes Inside washer and dryer
                                                  2 full bedrooms 2 full bathrooms
                                                         1 covered parking space 66.
                                                            Total Custom Renovation
     

                                         Regency West  5555 Gulf Blvd Presents unit 402

       Washer and Dryer in closet, 1145 sq ft, 2 full bedrooms and 2 full bathrooms and 1 car Covered Carport # 66. Most importantly it has Low taxes Maintenance fees and NO land lease like majority of the units in Regency West

Regency West   5555 Gulf Blvd was built in 1969 and In the heart of St Pete Beach FL 33706

Regency West 5575 Gulf Blvd Was built in 1970. 

Both buildings share the grounds and club house but each has its own HO association and Insurance Budget and Fees

 Preview now this Coming Soon listing to MLS and http://regencywest.info with these Non- professional photos  and some Videos for your interest of the amazing 6 acre grounds in the heart of St Pete Beach florida 

Regency West 5555 Gulf Blvd St Pete Beach unit 402 is the top floor closest to the Gulf 1145 sq ft with NO LAND LEASE. CALL DIANA SAMES 727-776-0122 Realtor REMAX Preferred