Melissa Yardy St. Pete Beach REAL ESTATE CHEESECAKE
Just like my favorite dessert with the perfect ingredients, so is today’s real estate market. The National Association of Realtors showed that a strong rise in home price from a year ago, in fact 9.4% higher for the median prices existing home sold. Interestingly enough, while prices are up compared to only one year ago, mortgage rates are lower and incomes are up so homes are slightly more affordable to the median income family.
The sugar in this fabulous recipe is that the prices are still almost half of what they were in 2005 so that’s a 50% off sale. Now, if you are an investor buying property to rent out, here’s the real icing on the cake, or cheesecake, rent’s for properties have not decreased, in fact in our area, rents have increased, making a great time to invest. It’s the perfect ingredients to make it a great time to
For more information on the Pinellas County real estate market, visit www.melissayardy.com