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You are here: Home / Finance/Technology / Is there an upside to real estate downturn ?

Is there an upside to real estate downturn ?

November 26, 2007 by Tom Townsend

The current situation here in the Tampa Real Estate Market has some would be homeowners downright frustrated. Wondering when the market will bottom out so buyers can buy at the best price or for sellers wondering when the buyers will get off the fence and buy what they are selling now.

If it’s not a good time to buy then it sure has gotten a lot better to renovate or build. This time a year ago if you could find the material for a renovation it was still at a pretty high market value. Then try to even get an appointment with an architect. According to a recent Wall-Street Journal article “The Upside to the Downturn Contractors Return Calls, Materials Cost Less.. It appears that it may be a good time to:

  • renovate
  • be shopping for an architect
  • shop for a builder

With a lot of folks from the housing industry short on work here in Florida, you can bet that you will have no problem finding a contractor to help with a home project.

Related Posts:

Is now the right time to buy your Florida home ?

Tampa home prices plummet

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Filed Under: Finance/Technology, General Real Estate Tagged With: Florida Housing, Tampa Housing Market, Tampa Housing Renovations, Tampa Real Estate Downturn

About Tom Townsend

High Energy Entrepreneur: expertise w/ start-ups, technology, and social media. Passionate about Family, Fitness, Scuba Diving and Media for SMB Professionals.

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