Survey Points to Leveling Off of Tampa Housing Market

Flippers, beware.
Investors, be careful.
Buyers, go find a Florida home loan.

That seems to sum up the result of a recent Business Pulse Survey in the Tampa Bay housing market. The formerly hot area appears to be leveling off, as nearly half the respondents think the boom has peaked.

Although median prices had been rising in the city, 153 out of 332 polled don’t see this trend continuing. That would signal a warning to investors who were hoping to strike it rich by flipping real estate and property.

Only 21 percent think we haven’t seen the top yet and that prices still have some upward room to go. A large majority, therefore, see this as a buyer’s market in which values will drop and the chances to acquire an affordable Florida home loan will increase.