Housing Market Updates

Welcome to Kevin Farfan’s real estate blog channel, where he provides timely and informative updates on the ever-evolving housing market. As an industry expert Kevin Farfan is dedicated to keeping you informed on the latest trends, news, and insights related to the real estate market. Whether you're a homebuyer, seller, investor, or simply curious about the state of the market, he has something for you. He understands that the housing market can be complex and overwhelming, which is why he strives to provide easy-to-understand analysis and explanations. From analyzing local market data to discussing national policy changes, he covers it all in a way that is both informative and accessible. His blog channel is updated regularly, so be sure to check back often for the latest information. And if you have any questions or topics you'd like him to cover, please don't hesitate to reach out. He’s here to help you navigate the exciting world of real estate.

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For Sellers November Real Estate Trends in Tampa Bay: What Sellers Need to Know Post-Hurricane and Heading Into the Holidays As we move through November 2024, the Tampa Bay housing market is at a crossroads. Recent hurricanes, shifting market dynamics, and seasonal trends have created a unique environment for sellers. If your home has been on the market for months, understanding these factors is crucial to strategizing your next steps. Here’s a breakdown of what’s […]
For Buyers The Real Estate Debate: Trump vs. Harris – Two Visions for Housing Market Improvement As the 2024 election approaches, the real estate market finds itself at a crossroads. Both Kamala Harris and Donald Trump have laid out contrasting proposals to stimulate the housing market, but both could result in increased home prices. Below is a mock debate outlining their key policies and the possible outcomes for the U.S. housing […]
For Buyers Navigating the Post-Hurricane Real Estate Market in Tampa Bay: A Potential Buyer’s Market? As a Tampa Bay Realtor, I’ve seen firsthand how weather events can reshape our housing market. Prior to Hurricane Ian in 2022, we saw a strong influx of buyers from out-of-state, particularly California, New York, and New Jersey. These buyers, with deep pockets, were easily snapping up homes priced over $400,000, significantly fueling the local […]
For Buyers Understanding the Recent Changes in Real Estate: Why Buyer Representation Agreements Are Necessary The world of real estate is constantly evolving, and recent changes in the industry have brought a significant shift in how buyers and Realtors work together. As of now, many Realtors, including myself, are required to use a Buyer Representation Agreement when assisting clients with purchasing a home. You may be asking, “Why is this […]
Housing Market Updates The Echoes of History: Understanding Today’s Real Estate Market Through the Lens of the 1970s and 1980s The cyclical nature of the economy often brings past challenges into the present, offering valuable lessons on how to navigate current conditions. A look back at the mortgage market in the 1970s and 1980s in the United States reveals striking similarities with today’s economic environment, particularly in terms of inflation, interest rates, and the broader […]
Housing Market Updates Real Estate Housing Market Predictions for 2024: Navigating the Waves of Change As we edge closer to 2024, the Real Estate housing market continues to exhibit an array of complex dynamics. Our analysis aims to unpack these trends, providing a holistic view of what potential buyers, sellers, and investors might expect in the coming year. Limited Inventory and Price Appreciation The ongoing issue of limited housing inventory […]
Housing Market Updates Understanding Interest Rates and the Housing Market Interest rates and the housing market are tied together in ways that can affect your personal finance, mortgages, and overall real estate investments. Recently, the prime mortgage rate soared past 8%, reflecting significant changes in the economy. As your trusted realtor, I, Kevin Farfan, aim to provide you with insights into what’s affecting these rates […]
Housing Market Updates Insurance Woes: The Brewing Storm in Florida’s Real Estate In Florida, there’s a new tempest brewing that’s as impactful as a hurricane, but this one doesn’t involve swirling winds or catastrophic downpours. Instead, it revolves around the insurance industry’s retreat from the state’s property market, a development with grave implications for the Sunshine State’s real estate sector, which continues to attract new residents from […]
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Housing Market Updates A Summer Surge: Understanding Rising Mortgage Rates and their Implications Kevin Farfan here, bringing you the latest on mortgage rates and how they are shaping the Tampa Bay real estate market. According to the most recent Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released just yesterday, we are seeing an upswing in the rates. The 30-year fixed-rate mortgage (FRM), a staple in our real […]
Housing Market Updates The Housing Market’s Twin Pillars: Low Mortgage Rates and High Home Equity As the numbers roll in, there is one striking observation that stands out – the robustness of the current housing market. Realtor Kevin Farfan, affiliated with Coldwell Banker Realty, believes that we are witnessing one of the most solid housing markets of our lifetime, perhaps even the strongest. His conviction is backed by two pivotal […]
Housing Market Updates The Current Real Estate Climate: Rising Mortgage Rates and New Lending Programs Hello Tampa! Kevin Farfan here, your trusted Coldwell Banker Realty-affiliated Realtor. I’m here to talk about some significant developments that have been unfolding in the mortgage and housing markets recently. Let’s dive into the impact these changes might have on our vibrant Tampa real estate landscape. First off, the 30-year fixed mortgage rate has seen […]
Housing Market Updates Mortgage Rates Rise, Applications Fall: The Current State of the Housing Market In recent weeks, the real estate market has been navigating a volatile landscape of rising mortgage rates. According to the latest Primary Mortgage Market Survey from Freddie Mac, mortgage rates have climbed to 6.39%, echoing the figures we saw a fortnight ago. Surprisingly, the 15-year fixed-rate mortgage has remained steady at 5.75%. Freddie Mac’s Chief […]
Housing Market Updates Rising Demand Fuels New Home Sales Amid Low Inventory Hello there! Kevin Farfan, your go-to realtor in Tampa, back again with some intriguing updates from the real estate sector. You may have noticed some shifts in the housing market recently, and one trend worth mentioning is the impressive increase in new home sales. April marked the seventh consecutive month of growth in new home […]
Housing Market Updates The Impact of a Potential Recession on the Tampa Real Estate Market: What You Need to Know In today’s uncertain economic climate, many are wondering what a potential recession could mean for the Tampa real estate market. While the idea of a recession may seem daunting, experts are projecting that any impact on the housing market will be mild and short-lived. To ease concerns, let’s take a closer look at the historical […]
Housing Market Updates The Pros and Cons of Renting vs. Buying a Home in Tampa: Which is Right for You? When it comes to finding a place to live, the decision between renting and buying a home can be a difficult one. Both options have their own advantages and disadvantages, and the choice that you make will ultimately depend on your personal circumstances and priorities. In this article, we’ll explore the pros and cons of […]

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