Waterfront home Bustin Vanderson GroupFlorida has long been a popular migration destination due to the weather, lifestyles, and the fact there is no state income tax, but demand has increased the last couple years. What's changed? In a word...COVID.

Work From Home

Covid has changed the workplace dynamic. It had long been thought that productivity would fall if employees were not in the office. That did not happen during Covid, and thus spawned the work from home movement. No that covid is more in the rear view mirror, many companies have adopted new office policies. Either a hybrid model, where employees are only required to come to the office a couple days a week, or allowing employees to work completely from home. This freedom has enabled employees to rethink where they live, and not…

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A Summary of Hillsborough County housing market statistics

Microscopic record low levels of inventory continue across much of Florida, and Hillsborough county is no exception. Average days on market are at or near a record low, meaning buyers don't have much time to view or put in an offer, and depending on price point many homes are gathering multiple offers. Inventory levels are below 1 month of supply, and demand continues to outpace supply. We are anticipating interest rates to continue to rise, as the Fed tries to control inflation and slow down housing demand. This increase may have an effect on buyer demand in the months to come, but until the supply and demand equilibrium changes, we expect home prices to continue to rise in the Tampa Bay Region.

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