Condo Real Estate Market update in Tampa Bay, and why do we think condos are undervalued and will rise more in value?



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Andrew Duncan, Tampa Bay's #1 Realtor and David Diaz of Waterstone Mortgage talk about why condos are one of the most undervalued real estate investments in Tampa Bay. Financing is one of the major issues that is holding back the condo market from reaching it's peak.

There are still a lot of condos out there well below peak pricing that are great rental properties. The condo financing is one of the things that held the condo market back. In some neighborhoods of Tampa, the prices of homes are almost at the peak. Condos have trailed that and not nearly as close to peak because of all the challenges in financing. In the FHA, there's a call to action to ease some of the restrictions on condos to help improve the condo market.

David says that there are a lot of condos in Tampa Bay where you can get any type of financing. He talks about different options in financing that are available for those thinking of buying a condo. They also talk about how when some of the restrictions and guidelines of the are loosened to make it more competitive and open the buyer pool.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.

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