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Measuring the foreclosure trends for St. Petersburg, FL is always an important strategy when analyzing the market for real estate Investment property loans. Look at the stats on how many Investment property loans are in pre-foreclosure, have a status of auctioned, or are bank owned before making any determinations on whether St. Petersburg, FL is a good investment opportunity.
It is equally important to review the sales prices for homes in St. Petersburg, FL. Knowing whether it is a buyers’ or sellers’ market is essential when considering an Investment property loans because the demand for housing will ultimately influence your list price once you are ready to sell.
Looking at the past trends for the rental market in St. Petersburg, FL, especially rent prices, is useful for investors interested in a buy and hold long-term Investment property loans. Usually a rise or fall in rent prices is a good indicator of how strong or weak the rental market has been for St. Petersburg, FL over the past couple of years.
St. Petersburg is home to one of the highest educated
workforces in the country, greatly due in part to the
surrounding top ranking schools in the St. Petersburg, FL area.
Economy: St. Petersburg’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the St. Petersburg Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.