Many people are claiming that Tampa is the hottest real estate market in the state. Many investors and property managers are looking at Tampa for investments. Here are some of the reasons Tampa real estate is one of the hottest markets and why you should take advantage of the opportunity.
Rising House Prices
The average price of houses in Tampa has gone up significantly in the last two years, and it is predicted that there is an 84 percent chance that the market will continue to climb in the next two years. By predictions, home values will be significantly higher at the end of 2021 than they were at the end of 2018. If you buy now, you could find yourself with a lot of equity for little investment.
Tampa has the lowest unemployment rate in Florida, with an unemployment rate of just 4 percent. There have been a lot of new employment opportunities in Tampa in the last few years, and the trend seems to be continuing into 2020. Moving to Tampa has never been so tempting.
Fastest Growing City
Tampa is the fastest growing city in Florida. This means that when you live in Tampa, you have all of the conveniences of living in a crowded urban area. While this can be daunting for some people, many people appreciate the growth. After all, a growing city with a growing workforce is better for the economy and better for everyone.
If you are taking advantage of Tampa’s employment opportunities and need to find a new residence in Tampa, contact us today for more information or to get started on your search.