Tampa Bay Metro comes in a fifth place out fifteen Hottest Cities for Homebuyers 2021-08-11
Gulf Coast Real Estate Update
August 11th, 2021
Tampa Bay Metro 5th Hottest
for Relocating Homebuyers
Tampa Bay Metro comes in a fifth place out fifteen Hottest Cities for Homebuyers. In fact, seven out of fifteen hottest metro areas are in Florida. The top 15 metros on CoreLogic’s hottest cities for home buyers report for 2020 tended to tout affordability with lower costs per square foot, lower property taxes, and no state income taxes. Also, sunny climates that offer lots of outdoor amenities tended to be a big draw.
With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit. The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low. This bodes well for those still looking to refinance, renovate or even purchase a new home.
