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Hillsborough County home sales improve in October | Main | How long can Tampa Bay keep piling up these foreclosure filings? ยป
This isn't good news: Mortgage applications at lowest levels since 2000.
On the other hand, with cash purchases making up about a third of Tampa Bay home purchases, this might not be as troubling from our perspective.
Is this going to be like Cash for Clunkers? Remember how car sales in July and August cannibalized car sales in September and October?
 (Un)Real Estate offers a peek at the housing market usually reserved for insiders. While it focuses on the Tampa Bay area, it won't neglect dipping
into the rest of Florida and beyond. Its goal? Simple: To help you keep a roof over your head without losing your shirt.Times business reporter James Thorner has covered the Tampa Bay area housing market since 1999 and writes a weekly column on the topic in the St. Petersburg Times. Having recently bought and sold a house here, Thorner has shown his insights are more than theory. He's got the burn marks to prove it. E-mail James Thorner: jthorner@sptimes.com. |
Home ownership had risen to 69% during the boom and has now dropped back to 67.6 which was the same as it was in the year 2000.
Bottom line, we will have lost a decade come the end of the year in terms of housing.
Posted by: Fuzzy Bear | November 12, 2009 at 02:52 PM