The Tampa Housing Market

The phone is still ringing, the online showing requests and property inquiries are still coming the in and we are now showing homes both in person and virtually. 

According to Amy Scott in her May 8th article titled Housing Market Show Signs of Thaw she states "Strong buyer demand hasn’t faded, and some now think April’s downturn was a pause so agents, buyers and sellers could figure out how virtual home selling works" and I am in total agreement. 

The activity level for home buying has definitely made some corrections to leftist. We are seeing what would have been strong home buyer candidates who have lower credit stores, but may have qualified in the past being turned away by current lender standards. It has become harder for mortgage brokers to shop these loans and we are seeing necessary scores in the 660's. That's not to say there are still not lenders able to finance loans at the old 580 score. It's simply a matter of identifying those lenders and making sure the you are using a lender who underwrites their own loans and has the liquid capital behind it.