Welcome! 💗 I'm Melanie Atkinson - Tampa Bay Area REALTOR® with COMPASS. Join me to learn all about the housing market, home ownership and what it is like to live in sunny Florida!.
Looking to buy/sell a house? I specialize in Westchase, South Tampa, Downtown Tampa, St. Petersburg & the beaches with 16-years of full-time real estate experience. I am passionate about the Tampa Bay area and love helping new residents find the perfect place to call home. I choose to work with COMPASS because they are the national luxury leader in real estate. Because of our stellar reputation, we are often given the opportunity to represent some of the most exciting new housing options in the area!
Feel free to reach out with serious business inquiries & collaborations.
One of those videos that you don't plan on watching but ended up watching the whole thing. You forgot to mention that our port is where our fuel comes from. Tamp typically is the last place that runs out of fuel.
I wonder what the Real Estate prices will look like in Tampa Bay in approximately 1 month from now... I have a feeling that it will definitely be a buyer's market of epic proportions definitely benefitting the buyers. For the Sellers... not so much..
Flippers and investors have turned homes meant for families into a get rich quick Ponzi scheme that is driven by appraisal fraud and very sketchy money. Anyone want a 2MM home that was $500K in 2021? It’s been flipped 3 times since then. The cure is get the speculators out of the market and crash the market. Anything else is misleading.
I own a home north of Tampa and one in New England. Talking about supply, at least here in Florida land is available for builders to build. So the supply problem can be solved but down the road it will run up against clean water availability which does put a hard stop on development in Florida. There is a limit to what we can take from the Florida aquifer. In New England, we wish we could approve 3500 home subdivisions like one of the ones currently in my county in north of Tampa. However, what we are now starting to do in New England is what is called Auxiliary Housing Units. This allows an established single family home that was built decades ago and has the available space on the current lot to have a small prefab modular home/apartment delivered to the site and installed without going through zoning changes or neighbor objections so long as the set backs from the street and lot lines are complied with. It also requires a current sewer connection and permits septic redesign to handle the increased waste water. This should help the housing supply side in New England because there is no more land left to build. These units are geared for multi generational families living together.
Thanks for watching! Yes, ADUs are a great solution for cities that are already built out. In this area, in the neighborhoods closest to our cities, ADUs are being approved and constructed regularly. It’s definitely one piece of the puzzle! And yes, Florida has lots of undeveloped land still. Areas like Wesley Chapel are huge now but were rural just 10 years ago! Thank you again for watching and taking the time to comment 💕
Thank you for the intelligent analysis... and totally agree about the root cause. Been looking at buying a home in Florida, hoping prices may pull back a bit, but wondering how likely that is when there's a fundamental supply problem. The "crash" everyone keeps talking about is related to the high costs of insurance and taxes. Certainly those are issues, and will cause more people to sell... as will lower mortgage rates (which will also encourage buyers). In the short term, I don't know which factors will win. In the longer term, prices will keep going up unless there are more homes built.
I would love you advice/opinion... We purchased a house before the insurance earthquake and our payment increased by a little over 1K/mo. I'm truly wondering what I should do....
Don't forget the last few years we had millions and millions of people pouring in on the southern borders and of course they need housing and it seems that unaccounted for as it drives the price of Housing and rent higher and shrinks the inventory, and I think that is part of the equation. Note: I'm not trying to be political, I just think it is definite Factor.
@randomthings9555 It's not political, it's just supply and demand, Econ 101. You have more people demanding housing, especially at a time when there are post COVID construction supply chain issues, and the cost of housing will rise. It's a natural law, just like gravity.
Right, so all these millions of people with nothing more then the shirts on their backs, no jobs, no money money are buying/renting all the houses? Lets please keep our eye on the ball and not chase every sound bite shinny object.
@@randomthings9555 You are missing the point and only listening to fear mongers. The problem with housing is the available homes in the price range of the middle-class are far and few. Home price increases have moved homes that would be normally be within the middle class range out. Any of the immigrants coming in to this county can not afford these houses either, so do not blame something that is not there.
Wow, Great Job, You got me whether you can dance or not? and if there is any sitting along with if they take the Chairs away? (: How about a video on picking areas with Larger Bars they have Full Bands and some Bands during the week. also, How do you find your Live music and the admission? I will definitely be contacting you. John G. Long Island NY. ( not for long) 🎼
After leaving FL back in early 00s, just moved back last year. My industry allows me to work remote, with competitive pay/salary of northeast (high earner). I know I am small percentage make that amount; I know majority of the housing market is overvalued. With the house-price-to-income ratio is way off, I know the market is going correct itself (which is happening now), similar to 2010-14 corrections. For me, I am renting for now, until the values drop/correct another 20%. For the growth, I like all new amenities. What they have done with St. Pete and what they are doing with Tampa downtown is great.
Thank you for watching and for your perspective. Housing affordability is top of mind for me everyday. Unfortunately I don’t have the power to change the economics of Florida. Regardless of whether any of us like what’s going on, it is the reality of the situation. My job is to understand the market for my clients so I can best advise them, regardless of price point. 🙂
Just saw this video and I had to respond. I’ve been here 24years now and I 100% agree. I’ve never seen so many expensive cars on the road the traffic is nuts and the prices of real
Only wealthy people can afford to move to Florida. For me, as a Carpenter/GC, thats good for business. For my employees and employees in general, they are getting priced out. Workers will have to be paid more to stay. I hope everyone realizes this when they get charged $150 per man hour.
Certainly richer than before. Florida is getting the upper middle class families escaping from the woke blue states. In Florida their money goes MUCH farther.
When you refer to wealthy people moving to Florida, are you referring mainly to Americans, or are you seeing a lot of wealthy foreigners buying in Florida?
I am a Florida native 63 years old I live in the second smallest county in the state and buying a home is becoming impossible homeowners insurance is crazy I could not afford to renew mine this year as the price doubled that's one of the biggest problems we have
Homeowner’s Insurance reform is my #1 issue. I did an episode a while back with Jeff Brandes, a longtime State Senator, and he gave me such an eye opening perspective of the politics behind it. I encourage everybody to implore their local state representatives to make insurance reform a top agenda item for their term in office.
I know you see both sides of the coin, there are 99% of us on one side of the coin and there is about 1% on the other side of the coin who are ruining it for the rest of us, and that's why we're not as excited as you are about this change, it might benefit you because you are in a high-end real estate, but for the rest of us it just makes everything else very expensive and unaffordable, and to compound the problem wages are not going up to keep up with this change in fact it seems like they are going down.
Thank you for watching and for your comment. Your perspective is exactly what I hear all the time from longtime residents. One of the reasons I started writing this script is because I wanted to understand just how much the population was changing. I could see it with my clients but I wanted to understand the true scope of the population change. Housing affordability is constantly on my mind. The increase in costs seems impossible and I wish I had more power to change it. Thank you again for your comment, I appreciate your contribution to this important discussion.
@@MelanieLovesTampaBay The pop is changing mostly in the way that old people had so much confidence that they took on mortgages in their old age. 2 and 3 percent mortgages were in fashion for years. People are inflexible and have a poor financial education. That is the biggest issue.
Thanks for your clear and objective explanation, Melanie. In our nice Pinellas neighborhood the turn key ready homes are still selling at top dollar usually to out of state Boomers. The fixers typically start priced at top dollar and sit for several weeks before selling at a reduced price. Prices on those have come down but remain far beyond prices regular working class folks could afford at these rates. It didn’t used to be this way.
Another possible reason to why the price is sticky is because the listing agents are part of few large groups of real estate companies that is listing based on “comp” they have set for themselves. Sellers will never say no to a realtor who is willing to get them more money and so the cycle continues
