Market Update ... Last 7 Days in Pinellas County!

If you are looking for a beautiful outdoor destination to check out, take a tour through St Pete’s oldest living museum! In downtown St Pete, there is a 100-year-old botanical garden, which is called Sunken Gardens. This sanctuary has a live collection of over 50,000 plants, flowers, gardens, and waterfalls! Can you believe it holds some of the oldest tropical plants in the whole region? A unique feature of these gardens that you won’t be able to miss, is the stunning flock of flamingos that live there. Guided tours and scavenger hunts start back up this year in October. The guided tour is a great way to learn about the rich history of what you will see on your path.

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below):

As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market will see ongoing appreciation? It’s because of supply and demand in most markets. As Bankrate says:

“After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials.”

Knowing that experts forecast home prices will continue to appreciate in most markets and that they’ve actually increased their original projections for this year should help you answer the question: will home prices fall? According to the latest forecasts, experts are confident prices will continue to appreciate this year, although at a more moderate rate than they did in 2021.

Bottom Line

If you’re worried home prices are going to decline, rest assured many experts raised their forecasts to say they’ll continue to appreciate in most markets this year. If you have questions about what’s happening with home prices in your local area, connect with a real estate professional.

*Source - Keeping Current Matters

• If you’re buying a home, here’s what you should know about your home inspection and why it’s so important.
• A home inspection is a crucial step in the home buying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road.
• Work with our team so you have an expert on your side who can guide you through the process.

Plan Your Perfect Beach Day

For hours of family fun, head to Upham Beach Park. (Tip from a local: Check out the “Secret Garden” on the north end of Upham Beach. You can only get to this lush spot by walking all the way to the north.)

For a splurge, the Tradewinds Island Grand resort sells day passes giving you access to the High Tide Slide, pools, a beach cabana, mini-golf, parking and more.

If you’re craving an action-packed day with brews and beach volleyball, check out Postcard Inn or enjoy some live music at award-winning beach bar Jimmy B’s behind the Beachcomber Hotel.

For a truly laid-back beach day, head to Pass-a-Grille Beach.

Visit St. Pete/Clearwater