The Tampa Bay Metro has Fourth Biggest Net Inflow of New Residents in the United States 2021-06-01
Gulf Coast Real Estate Update
June 1st, 2021
Tampa Bay 4th in the Nation
for New Residents
The Tampa Bay Metro had the Fourth Biggest Net Inflow of New Residents in the United States. Net inflow of New Residents in 2020 was 47,000, coming in 4th place after Phoenix, Dallas and Orlando Metro’s. The number of homes for sale dropped 31% year over year. New Home Building Permits dropped 25.3%. Prices up 12.2%
Source: US Census Bureau data and Redfin search data
Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow. In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability to refinance and reduce their interest rate by at least half a percentage point.
