pictures showing millennials to be likely first-time home buyers.

The Millennials’ Impact: A Surge in First-Time Home Buyers

One thing remains constant in the real estate landscape: change. As we look towards the horizon of the housing market, another change is on the brink of reshaping the industry. The phrase “Buyers are coming” echoes as 45.5 million potential first-time homebuyers stand poised to enter the housing market. This surge in demand is fueled by the largest generation of potential homebuyers – the millennials.

Understanding the Millennial Impact

Born between 1981 and 1996, millennials make up a significant portion of the population, surpassing even the baby boomers. As they enter their prime home-buying years, their impact on the housing market cannot be overstated.

According to the National Association of Realtors (NAR), millennials now accounted for 43% of all homebuyers, making them the most active generational group in the market.

Factors Driving Millennial Homeownership

Several factors contribute to the increased interest in homeownership among millennials:

Financial Stability

Many millennials have reached a stage in their careers where they have achieved financial stability, making homeownership a viable option.

Low Mortgage Rates

Historically low mortgage rates have made homeownership more affordable, incentivizing millennials to enter the market.

Desire for Stability

As they start families and pursue long-term goals, millennials seek the stability and security that homeownership offers.

Investment Opportunity

With rising rents and housing prices, millennials view homeownership as an investment in their future financial security.

first-time home buyers are you ready image with a woman showing that she is thinking


As the housing market braces for an influx of first-time homebuyers, now is the time to seize the opportunity and make your homeownership dreams a reality. Whether you’re a millennial looking to purchase your first home or a seasoned buyer considering a move, the landscape of possibilities awaits.

Are you ready to join the ranks of homeownership? Contact us today to find out more about our services and how we can assist you in finding your dream home.

Buying a Home

Buying A Home? Important Tips and Market Advice

Thinking about buying a home? The decision to buy a home is one of the most significant financial choices an individual can make. However, in today’s dynamic real estate market, potential homeowners often wonder if purchasing a home is still a smart plan.

This article aims to provide an in-depth analysis of the current real estate landscape and offer useful tips and market advice to help you make an informed decision.

Buying a Home

The Advantages of Homeownership

Long-term Investment

Over time, real estate has shown to be a reliable investment option. Property values tend to appreciate over time, providing homeowners with potential equity gains.

Stability and Control

Owning a home gives you stability and control over your living environment. You can customize and personalize your space, and you don’t have to worry about rent increases or landlords.

Tax Benefits

Homeownership can offer various tax advantages, such as deducting mortgage interest and property taxes from your taxable income. Consult a tax professional for specific details based on your location.

Evaluating Affordability

Assess Your Financial Situation

Before buying a home, evaluate your financial health. Consider your income stability, existing debt, credit score, and savings. It’s crucial to have a steady income and a manageable debt-to-income ratio.

Calculate Affordability

Determine how much you can comfortably afford by analyzing your monthly income, expenses, and potential mortgage payments. Use online affordability calculators to get a rough estimate.

Additional Costs

Remember to factor in additional costs like property taxes, insurance, maintenance, and potential HOA fees.

The Real Estate Market

Local Market Analysis

The real estate market can vary from one location to another. Conduct thorough research on your desired area’s market conditions, including price trends, supply and demand, and future development plans.

Work with a Knowledgeable Realtor

Engage the services of a trusted real estate agent who has a deep understanding of the local market. They can provide valuable insights and guide you through the homebuying process.

Timing and Market Trends

Pay attention to market trends, including interest rates, housing inventory, and buyer/seller dynamics. Timing your purchase during a buyer’s market or when interest rates are favorable can offer advantages.

Buying a Home

Financing Options

Mortgage Pre-Approval

Make sure to get pre-approved for a mortgage before you begin looking for a home. This gives you a clear understanding of your borrowing capacity and strengthens your negotiating power.

Explore Loan Programs

Research various loan options available, such as conventional mortgages, FHA loans, or VA loans. Compare interest rates, down payment requirements, and eligibility criteria to find the best fit for your needs.

Down Payment Considerations

Saving for a down payment is essential. Aim for a 20% down payment to avoid private mortgage insurance (PMI) and reduce your monthly payments. However, there are programs available that allow for lower down payment options.

Long-Term Planning

Future Lifestyle Considerations

When buying a home, consider your future plans. Will the property suit your lifestyle for the foreseeable future? Think about potential family growth, job changes, and community amenities.

Resale Value

While you may be purchasing a home to live in, it’s wise to think about its resale potential. Look for factors like location, school districts, and neighborhood development, as these can influence the property’s future value.

Buying a Home

Home Inspection

Before finalizing a purchase, hire a professional home inspector to identify any potential issues. This helps you avoid unexpected expenses and gives you a better understanding of the property’s condition.


Buying a home can still be a smart plan if approached with careful consideration and market knowledge.

Siven Premier is a trusted real estate agency in Florida that provides personalized services to meet our clients’ needs. To learn more about the best homes for sale in Tampa, please visit our website or contact us at 813-330-0084.

Real Estate Market

Real Estate Market: Differences Between Hot, Normal, and Cold

The real estate market is a dynamic and ever-changing industry that can experience periods of high demand (hot market), balanced conditions (normal market), or reduced demand (cold market). It’s important for both buyers and sellers to understand these market dynamics. Why? So they can make smart decisions and create successful strategies.

In this article, we will delve into the differences between hot, normal, and cold markets in real estate. We will also provide useful tips and strategies for navigating each market type.

Real Estate Market

Hot Market

In a hot market, demand for real estate exceeds the supply, resulting in increased competition among buyers. Here are some key characteristics of a hot market:

Rising prices

Prices tend to appreciate rapidly in a hot market due to high demand and limited inventory.

Multiple offers

Properties may receive multiple offers, leading to bidding wars and driving prices further upwards.

Shorter time on the market

Homes sell quickly in a hot market, often within days or even hours of being listed.

Strategies for Buyers

Get pre-approved for a mortgage

In a hot market, it’s essential to have your financing in order to move quickly on a desirable property.

Work with a knowledgeable agent

An experienced real estate agent can help you navigate the fast-paced market, identify opportunities, and negotiate effectively.

Be prepared to act swiftly

Stay alert for new listings and be ready to submit an offer promptly to avoid missing out on potential opportunities.

Strategies for Sellers

Price competitively

In a hot market, pricing slightly below market value can attract multiple offers and create a bidding war, potentially resulting in a higher sale price.

Enhance curb appeal

Make sure your property stands out by improving its exterior appearance to make a strong first impression on potential buyers.

Consider pre-inspections

Conducting pre-inspections can speed up the closing process and give buyers more confidence in making an offer.

Real Estate Market

Normal Market

A normal market is characterized by a balanced relationship between supply and demand. Here are some key features of a normal market:

Stable prices

Home prices in a normal market tend to rise gradually, following a sustainable growth pattern.

Reasonable competition

Buyers have more options to choose from, and sellers can expect a fair number of interested buyers.

Reasonable time on the market

Homes typically stay on the market for a moderate period, giving buyers and sellers a reasonable timeframe to make decisions.

Strategies for Buyers

Research and compare

Take the time to research the market, compare properties, and analyze their value to make an informed decision.

Negotiate with confidence

In a normal market, there is more room for negotiation. Work with your agent to negotiate favorable terms and potentially secure a better deal.

Don’t rush, but don’t hesitate

While there is no immediate urgency, don’t delay making an offer if you find a property that meets your requirements, as it may attract other interested buyers.

Strategies for Sellers

Price competitively

Setting a reasonable and competitive price is crucial in a normal market to attract potential buyers without undervaluing your property.

Stage effectively

Staging your home can enhance its appeal and help buyers visualize themselves living in the space.

Market strategically

Employ a comprehensive marketing strategy that includes high-quality photographs, virtual tours, and exposure on various listing platforms to reach a wide pool of potential buyers.

Real Estate Market

Cold Market

In a cold market, demand for real estate decreases, leading to a surplus of properties for sale. Here are the main characteristics of a cold market:

Declining or stagnant prices

Prices may decline or remain stagnant due to reduced demand and an excess of available properties.

Longer time on the market

Homes can take a significant amount of time to sell in a cold market, sometimes remaining on the market for months.

Limited buyer interest

There are fewer potential buyers, resulting in reduced competition among buyers.

Strategies for Buyers

Conduct thorough research

Due to the surplus of properties, buyers have more negotiating power. Research extensively, compare prices, and negotiate for favorable terms.

Look for motivated sellers

Identify sellers who may be more willing to negotiate, such as those facing financial constraints or time-sensitive situations.

Consider long-term value

In a cold market, it may be an opportune time to invest in properties with potential for long-term growth.

Strategies for Sellers

Price competitively

In a cold market, pricing your property realistically is crucial to attract potential buyers and stand out among the competition.

Enhance property appeal

Invest in small renovations or updates that can make your property more appealing to potential buyers.

Offer incentives

Consider offering incentives like closing cost assistance or home warranties to attract buyers and increase the perceived value of your property.


By implementing the appropriate strategies and tips outlined in this article, individuals can make informed decisions. Aside from that, maximize their opportunities in any market condition.

Siven Premier is a respected real estate agency in Florida. We offer a variety of services tailored to our clients’ needs. For more information on the finest homes available for sale in Tampa, please visit our website or give us a call at 813-330-0084.

Home Inspection

The Importance of Home Inspection: Benefits to Buyers and Sellers

Buying or selling a home is a significant milestone in one’s life, and ensuring the process goes smoothly is important. One vital step that both buyers and sellers should prioritize is requesting a comprehensive home inspection. A home inspection involves a professional assessment of a property’s condition. It will provide invaluable insights into its structural integrity, functionality, and potential issues.

This article explores the importance of requesting a home inspection, highlighting the numerous benefits it offers to both buyers and sellers.

Home Inspection

Benefits for Buyers

Informed Decision-making

A thorough home inspection empowers buyers with essential information about the property they are considering purchasing. By uncovering any hidden defects or potential problems, buyers can make informed decisions. This knowledge allows them to negotiate repairs or request price adjustments to account for any necessary work.

Risk Mitigation

A home inspection helps buyers identify potential risks and hazards, such as structural issues, electrical problems, or water damage. Identifying these issues beforehand allows buyers to assess whether they are willing to undertake the necessary repairs or renovations, potentially avoiding costly surprises down the line.

Budget Planning

A detailed home inspection report provides buyers with a comprehensive understanding of the property’s condition, enabling them to estimate future maintenance and repair costs accurately. Armed with this information, buyers can budget effectively and plan for any necessary expenses, making their homeownership journey financially sustainable.

Negotiation Leverage

By uncovering any flaws during the inspection process, buyers gain a strong negotiating position. They can request repairs or monetary concessions from the seller to rectify the identified issues. This leverage can help buyers secure a fair deal and protect their investment.

Home Inspection

Benefits for Sellers

Enhanced Marketability

Sellers who proactively request a home inspection demonstrate transparency and integrity, which can significantly enhance the marketability of their property. A pre-listing inspection report assures potential buyers that the seller has nothing to hide and provides them with confidence in the property’s condition.

Addressing Issues in Advance

By requesting a home inspection before listing the property, sellers can identify and address any potential issues. Taking care of necessary repairs or improvements upfront allows sellers to present their home in the best possible light, reducing the chances of negotiations falling through due to unexpected problems.

Setting Realistic Pricing

A comprehensive home inspection helps sellers set a realistic asking price for their property. Knowing the condition of their home enables sellers to accurately gauge its market value and avoid overpricing or underpricing. This approach attracts serious buyers and increases the likelihood of a successful sale.

Minimizing Liability

Providing a detailed inspection report to potential buyers protects sellers from future liability concerns. Disclosing any known issues ensures transparency and helps prevent post-sale disputes or legal complications. This proactive approach fosters trust between buyers and sellers and promotes a smoother transaction process.

Home Inspection

Collaboration and Conflict Resolution

Facilitating Communication

Home inspections encourage open lines of communication between buyers and sellers. Through the inspection process, both parties can discuss and negotiate repairs or financial adjustments based on the inspection report. This collaborative approach promotes understanding, mitigates misunderstandings, and increases the chances of a successful transaction.

Conflict Resolution

In cases where the inspection reveals significant issues, buyers and sellers have an opportunity to resolve potential conflicts. They can work together to reach a fair resolution, whether through necessary repairs, price adjustments, or other mutually agreed-upon solutions. This collaborative problem-solving approach fosters goodwill and promotes a harmonious real estate transaction.


Requesting a home inspection is a vital step that benefits both buyers and sellers in the real estate market. For buyers, it provides essential information for making informed decisions, mitigating risks, and planning their budget.

Siven Premier is a well-respected real estate agency in Florida. If you want more information about the best homes for sale in Tampa, please visit our website or call us at 813-330-0084.


Avoid Financial Stress

Avoid Financial Stress When Buying a Home: Tips and Strategies

Buying a home is a significant milestone in one’s life, but it can also be a source of financial stress if not properly managed. From budgeting to securing a mortgage, there are various aspects to consider to ensure a smooth and stress-free home buying experience.

In this article, we will explore useful tips and strategies to help you avoid financial stress when buying a home. You can make informed decisions, minimize financial burdens, and achieve your homeownership dreams with confidence.

Avoid Financial Stress

How to avoid financial stress when buying a home?

Establish a Realistic Budget

Before embarking on the home buying journey, it is crucial to establish a realistic budget. Analyze your current financial situation, including income, expenses, and any existing debts. Consider other financial goals, such as savings and retirement, and determine how purchasing a home fits into your overall financial plan.

Create a comprehensive budget that takes into account not only the cost of the home but also associated expenses like property taxes, maintenance, insurance, and utilities.

Save for a Down Payment

Saving for a down payment is an essential step in avoiding financial stress when buying a home. Aim to save at least 20% of the home’s purchase price to secure a favorable mortgage loan. Set up a separate savings account dedicated to this goal and automate regular contributions.

Reduce discretionary expenses, consider additional sources of income, and explore potential down payment assistance programs or grants offered by local or national agencies.

Improve Your Credit Score

Your credit score plays a crucial role in determining the interest rate and terms of your mortgage. Before you apply for a loan, make sure to check your credit report and fix any mistakes. Pay all bills on time, keep credit card balances low, and avoid taking on new debt.

Minimize credit inquiries during the home buying process, as multiple inquiries can negatively impact your credit score. Building a good credit history takes time, so start early to ensure a favorable credit profile when you’re ready to buy.

Get Pre-Approved for a Mortgage

Obtaining pre-approval for a mortgage before house hunting can significantly reduce financial stress. Work with a reputable lender who can assess your financial situation and provide a pre-approval letter based on your creditworthiness, income, and debt-to-income ratio.

Pre-approval not only helps you understand your budget but also demonstrates to sellers that you are a serious buyer. Compare mortgage options, including interest rates, loan terms, and closing costs, to find the best fit for your financial circumstances.

Avoid Financial Stress

Consider All Costs and Hidden Expenses

When buying a home, it’s essential to consider all costs beyond the purchase price. Closing costs, such as loan origination fees, appraisal fees, and title insurance, can add up significantly. Additionally, factor in potential expenses for home inspections, repairs, renovations, and moving costs.

Account for ongoing expenses like property taxes, insurance, utilities, and maintenance. By understanding the full financial picture, you can avoid unexpected surprises and be better prepared for homeownership.

Don’t Stretch Beyond Your Means

While it may be tempting to push the limits of your budget to buy your dream home, it is crucial to avoid stretching beyond your means. Consider not only the current affordability but also potential future changes in income, interest rates, and lifestyle.

Strive for a monthly mortgage payment that allows you to comfortably cover all other financial obligations and save for the future. Being house-poor can lead to significant financial stress and limit your ability to enjoy other aspects of life.


By implementing these tips and strategies, you can navigate the home buying process with confidence and minimize financial stress.

Siven Premier stands as a distinguished real estate agency renowned for its esteemed presence in the Florida market. Whether you seek information on the finest Tampa homes currently on the market or wish to explore further details, we encourage you to visit our website or contact us directly at 813-330-0084.


Finding the right real estate agent

Finding the Right Real Estate Agent: A Crucial Advantage for Buyers and Sellers

Real estate transactions are intricate endeavors that require extensive knowledge, experience, and negotiation skills. Whether you’re a buyer or a seller, finding the right real estate agent can make a significant difference in the success and smoothness of the transaction.

In this article, we will explore the numerous benefits of finding the right real estate agent, discussing how they can help buyers and sellers achieve their goals effectively.

Finding the right real estate agent

Benefits for Buyers

Expert Guidance and Support

Real estate agents possess comprehensive knowledge of the local market, including current listings, pricing trends, and neighborhood information. By leveraging their expertise, buyers can gain valuable insights that enable them to make informed decisions.

Agents assist in identifying suitable properties that align with buyers’ preferences, budgets, and desired locations.

Access to Extensive Networks

A reliable real estate agent knows many people in the industry, such as mortgage brokers, home inspectors, and attorneys. They have a wide network of professionals they can rely on for assistance. This extensive network allows them to provide comprehensive support and guidance throughout the real estate process. These connections streamline the buying process, ensuring that buyers have access to reliable and efficient service providers.

A reliable real estate agent can recommend trusted experts who can help with mortgage approvals, property inspections, and legal procedures, saving buyers time and effort.

Negotiation Skills

Negotiating the terms of a real estate deal can be challenging, particularly for inexperienced buyers. A reliable real estate agent acts as skilled negotiator on behalf of their clients, striving to secure the best possible price and terms.

They can employ various strategies, such as analyzing market data, evaluating property conditions, and leveraging their knowledge of comparable sales, to negotiate favorable outcomes for buyers.

Efficient Documentation and Paperwork

Buying a property involves extensive paperwork, contracts, and legal documentation. A reliable real estate agent ensures that all necessary paperwork is completed accurately and submitted on time.

They assist buyers in understanding complex documents, such as purchase agreements and disclosure forms, minimizing the risk of errors or omissions that could lead to legal complications.

Peace of Mind

Purchasing a property is a significant investment, and it can be an emotionally charged process. The right real estate agent provides reassurance and peace of mind by guiding buyers through each step of the transaction.

Their expertise, attention to detail, and commitment to protecting clients’ interests instill confidence and help alleviate stress.

Finding the right real estate agent

Benefits for Sellers

Accurate Pricing Strategies

One of the most crucial aspects of selling a property is determining the right listing price. Real estate agents possess in-depth knowledge of market conditions and can conduct comparative market analyses to accurately assess a property’s value. By setting the optimal price, agents maximize the chances of attracting potential buyers and achieving a profitable sale.

Marketing Expertise

Effective marketing is essential for attracting prospective buyers. Experienced real estate agents employ various marketing strategies, including professional photography, virtual tours, online listings, and targeted advertising campaigns. Their expertise ensures that sellers’ properties receive maximum exposure to the right audience, increasing the likelihood of a quick and successful sale.

Wide Network and Buyer Access

Experienced real estate agents have cultivated extensive networks and valuable connections within the industry over time. They can tap into these networks to reach potential buyers who may not be actively searching through traditional channels. Agents leverage their contacts, databases, and marketing tools to connect sellers with interested and qualified buyers, expanding the pool of potential offers.

Skilled Negotiation

Negotiation skills are vital during the selling process, as sellers aim to secure the best possible terms and price for their property. Real estate agents act as intermediaries, handling negotiations on behalf of sellers to achieve favorable outcomes. They possess market knowledge, understand buyer motivations, and employ persuasive techniques to facilitate successful negotiations.

Streamlined Process and Time Savings

Selling a property involves numerous time-consuming tasks, such as property showings, marketing, and screening potential buyers. A skilled real estate agent takes care of these activities, freeing up sellers’ time and energy. They manage inquiries, schedule appointments, and ensure that only serious and qualified buyers are presented, streamlining the process and minimizing disruptions.

Finding the right real estate agent


Finding the right real estate agent is paramount for both buyers and sellers. Siven Premier stands as a highly regarded real estate agency with an esteemed reputation in the Florida market. With a focus on delivering personalized solutions, our agency offers a wide array of services tailored to meet the diverse needs of our clients.

To explore further information on some of the finest homes for sale in Tampa, we encourage you to browse our website or contact us directly at 813-330-0084.

working remote

Is Working Remote Causing a Major Moves in Real Estate?

Is working remote causing a major moves in real estate? Will work from home set-up be the new trend? The COVID-19 pandemic has accelerated the trend of remote work and made it more prevalent in the United States. The rise of remote work has also had an impact on the housing market. Many remote workers no longer have to live in close proximity to their offices, and they have greater flexibility in choosing where they live.

This has led to changes in Tampa real estate, including an increase in demand for homes in suburban and rural areas. Many remote workers are looking for larger homes with more outdoor space, as well as homes in areas with lower costs of living. As a result, home prices in these areas have increased, and the supply of available homes has decreased.

The Rise of Remote Work & Shift in the Housing Market

The rise of remote work has led to a shift in the tampa real estate market, as more people choose to move away from large cities and economic hubs. With the flexibility of working from home, individuals are no longer constrained to living in areas with easy commutes to the office.

As a result, suburbs and cultural hubs have seen an increase in new residents due to their lower living costs and higher quality of life. While these areas have always been appealing, remote work has expanded people’s search for homes beyond their proximity to the workplace. This trend has spread the heat of the housing market to different locations, including cities with lower tax rates and better schools that were previously out of reach for many due to long commutes.

The prevalence of remote work has surged in recent years, with the number of remote workers tripling between 2019 and 2021, as reported by the U.S. Census Bureau. As remote work is expected to remain a fixture in the job sector, homebuyers have begun to prioritize the inclusion of a dedicated home office in their search for a new residence.

Whether it takes the form of a spare bedroom, a basement, or a corner, buyers seek a space that can provide a clear boundary between their professional and personal lives. In the case of multifamily dwellings, developers may consider incorporating co-working spaces as an attractive amenity for potential residents.


working remote

The Influence of Remote Work on the Real Estate Sector

Remote work has had significant effects on both residential and commercial real estate. As companies shift to either fully remote or hybrid work models, there is a decrease in demand for large office spaces, leading to a reduction in commercial real estate. As a result, developers are more likely to build smaller office spaces, and businesses may move to less urban areas to save on rent.

In the residential sector, buyers are looking for homes that offer a dedicated workspace, which has increased the demand for properties with a separate room or area for an office. On the other hand, the surge in demand for housing during the pandemic created an impression of a housing shortage, which was actually due to the shift to remote work and record-low mortgage rates.

While demand for housing remains high, experts predict that rising interest rates will eventually slow down the market, and the perceived housing shortage will correct itself in the near future.

Relationship Between Remote Work & Housing Market

The relationship between remote workers and the housing market is evident. This paradigm shift has had a profound impact on the tampa real estate market, with a decrease in demand for office space and an increase in demand for residential and multifamily housing. Real estate professionals and investors must adapt to this changing market and capitalize on the opportunities that remote work provides.

However, it’s important to note that remote work is not the only factor affecting the housing market. Other factors, such as low-interest rates and demographic shifts, also play a role. Therefore, it’s difficult to establish a direct correlation between remote work and the housing market. Nonetheless, the trend of remote work is likely to continue, and its impact on the housing market will likely continue to be felt in the years to come.

working remote

Siven Premier Real Estate is a reputable real estate agency that has attained a prominent standing in the Florida market. Our agency offers a comprehensive range of tailored services to meet the diverse needs of our clients. Our team comprises of skilled and experienced Realtors who serve our tri-county Tampa Bay area.

We invite you to take advantage of our exceptional real estate services in Florida. For further details on some of the finest Tampa homes available for sale, we encourage you to peruse our website or get in touch with us directly at 813-330-0084.

Mortgage Forecast

2023 Mortgage Forecast: Rates expected to fall by end of 2023

2023 Mortgage forecast gets a lot of eyes in the real estate industry. If you are looking for Tampa homes for sale, as per predictions from some of the leading real estate economists in the US, mortgage rates are expected to decrease this year due to receding inflation and the possibility of a mild recession in the US economy. This projection follows a year of record-breaking annual gains in mortgage rates in 2022.

The decline in mortgage rates could potentially entice back homebuyers who were previously priced out of the market. However, industry experts caution that housing affordability will continue to be a key concern. Despite the dampened demand caused by higher borrowing costs, the ongoing supply shortage has sustained home prices. Furthermore, even with an expected improvement in inventory in the coming months, housing supply remains below pre-pandemic levels.

So, where mortgage rates are headed in 2023?


According to senior economists from the National Association of Realtors and, mortgage rates are expected to move in opposite directions in 2023. Nadia Evangelou, director of forecasting at NAR, suggests that the average 30-year fixed mortgage rate will likely stabilize at 5.7% for the year. Evangelou attributes this trend to easing inflation and the Federal Reserve’s implementation of smaller interest rate hikes.

On the other hand,’s housing forecast predicts that mortgage rates will average 7.4% for the year. While the chief economist, Danielle Hale, believes it still falls within the realm of possibility. Hale suggests that there is still a risk of rates climbing since the Federal Reserve has indicated that there hasn’t been enough improvement in inflation.

Mortgage Forecast

Redfin’s Housing Outlook

According to Redfin’s 2023 Housing Outlook, the average homebuyer’s mortgage rate this year is expected to be around 6.1%. This comes with the 30-year fixed rate declining throughout the year and ending the fourth quarter around 5.8%. Taylor Marr, Redfin’s Deputy Chief Economist, notes that recent data on cooling inflation and a tempering job market suggests that rates are now on a more downward trajectory. Marr, also said it could be below 6% by the end of the first quarter.

Despite this, the spread between the 10-year Treasury yield and the 30-year fixed mortgage rate remains wide at around 260 to 280 basis points. However, Marr expects this spread to normalize by the end of the year as uncertainty with inflation decreases. 

According to industry forecasters interviewed by U.S. News, mortgage rates are expected to begin the year higher but decline by year-end. The central bank’s efforts to fight inflation, such as selling off mortgage-backed securities and Treasury bonds last year, also put upward pressure on mortgage rates in 2022.

Although there was a notable surge in the 30-year fixed rate last year, current economic indicators suggest the possibility of a corresponding downturn in 2023. The Fed’s monetary policy will largely depend on inflation data. If inflation continues to decline as expected, the central bank will be cautious with raising interest rates and selling Treasuries. Which could keep mortgage rates in check. However, if inflation resurges, the Fed may again tighten its monetary policy, which could push mortgage rates higher.


Orphe Divounguy, Senior Economist at Zillow, states that market movements are expected to occur before and after the monthly inflation report. As it is what influences the yield on Treasury and determines the Federal Reserve’s monetary policy. Divounguy believes that inflation will decrease due to the slowing of wage growth and the balance between supply and demand. According to him, the rental market’s declining asking rents signal that inflation will likely continue to slow.

However, not all economists share Divounguy’s confidence in the softening of inflation. Danielle Hale, Chief Economist at, emphasizes the importance of measuring not only current inflation but also how consumers perceive future inflation. While median one-year inflation expectations fell to 5% in the December Survey of Consumer Expectations, which is the lowest level since July 2021, inflation is still running at an annual pace of 6.5%.

Hale expects inflation to be a bit stickier than forecasted in the first half of the year. She cautions that unless inflation improves with the same momentum as expected, there is a risk of higher-than-expected inflation reports.

Mortgage Forecast

Key Recommendations for Prospective Homebuyers in 2023

According to Hale of, it is impossible to be certain where mortgage rates are headed. Home shoppers can focus on factors within their control such as setting their budget, and adapt to fluctuations in mortgage rates. Divounguy of Zillow suggests that timing the housing market is not a wise strategy. As the key is to find a home that meets one’s needs since it’s a long-term investment.

Additionally, Marr of Redfin highlights the advantages of buyers’ bargaining power. With 42% of deals getting concessions such as seller-paid rate buy-downs during Q4 2022. By playing the market wisely, some buyers can find good deals.

Buyers Will Get Some Leverage

According to Lindsay McLean, co-founder and CEO of HomeLister, the real estate market is currently favoring buyers. However, sellers still have a significant amount of control. As mortgage rates rise and affordability decreases, sellers may need to adjust their expectations to align with the shifting market. This trend is expected to continue, McLean believes that the market will eventually become more balanced.

Buyers are now able to make purchases without waiving contingencies and sellers are offering concessions. Some sellers still have low-interest-rate mortgages, which may result in them holding out for their desired offers.

Mortgage Forecast

Siven Premier Real Estate is a distinguished real estate agency that has established a prominent position within the Tampa Bay marketplace. Our agency provides a comprehensive suite of integrated services that are customized to address the varied requirements of our clients. Our team comprises proficient and seasoned Realtors who possess a profound knowledge of the complexities involved in real estate transactions.

We extend a warm invitation to avail yourself of our exceptional real estate services in Florida. For more information on some of the finest Tampa homes for sale, we encourage you to browse through our website or contact us directly at 813-330-0084.

Dade City Fl

The Charm in Dade City FL: Things to Do and Places to Visit!

Dade City, Fl, situated in the serene rolling hills and pasture lands of Pasco County. It is a beloved destination among tourists for its rich history and charming downtown area. The downtown district is renowned for its antique shops, unique restaurants, and boutiques. All housed in historic buildings that have been lovingly preserved by the town’s citizens.

Notable landmarks include the Pasco County Courthouse, Hugh Embry Library, and Edwinola. The Kumquat Festival, an annual event that takes place in downtown Dade City, commemorates the tangy kumquat, a citrus fruit that is cultivated as a commodity crop in the surrounding vicinity. Visitors can enjoy a leisurely stroll through downtown, taking in the picturesque sights and immersing themselves in the area’s laid-back, less-hurried lifestyle.

The eastern region of Pasco County, with Dade City situated at its core, is poised for commercial advancement and fiscal expansion. Dade City’s positive prospects are attributed to several factors, including a dependable workforce, a business-friendly government, excellent transportation options, and a high-quality living environment. For information and direct links to the best Tampa homes for sale, Siven Premier is pleased to be of service.

Although it is located an hour away from Tampa, it provides a feeling of being worlds apart, thanks to its relaxed pace. The city offers a remarkable array of attractions to suit all types of travelers. Start planning your visit by reviewing our guide to the best things to do in Dade City, FL.

Dade City Fl

Giraffe Ranch

Giraffe Ranch, a family-owned ranch spanning 47 acres, has been attracting visitors with its safari-style experiences for more than two decades. For families with a passion for animals, this ranch should be at the top of your list of destinations to visit in Dade City Fl. With an array of activities for children, such as camel expeditions and animal interactions, Giraffe Ranch is among the best places to visit in Dade City with kids.

Explore the ranch on a Segway, a camel, or a safari and observe a variety of animals, including giraffes, zebras, and hippos. Knowledgeable guides are available to provide interesting information about the exotic creatures encountered along the way.

Pioneer Florida Museum and Village

Founded in 1960, the Pioneer Florida Museum and Village is a non-profit entity that is committed to safeguarding and showcasing Florida’s heritage, dating from the pioneer period through to 1945.

Ideal for history enthusiasts searching for enjoyable activities in Dade City, the museum is located on forested grounds and offers an open-air experience showcasing the city’s past. Visitors can tour the museum with a guide and learn about the daily tasks of the pioneers in the area while admiring restored buildings such as the 1864 Overstreet House, church, train station, and house.

Antiques on Main Street

Antiques on Main Street, a 16-year-old antique store located in the heart of downtown Dade City, is an excellent indoor destination for those looking for activities during inclement weather. With a range of rare items, including pie safes, wooden storage casks, and bucket benches, the shop’s rustic handcrafted items and primitive antiques provide an exciting shopping experience. Additionally, the shop is in close proximity to numerous downtown restaurants, antique shops, and other points of interest.

Dade City Fl

Ergle Christmas Tree Farm

Ergle Christmas Tree Farm is located on Treiman Boulevard. This place has been a part of Central Florida’s holiday traditions for over 25 years. During the yuletide season, it stands out as one of the unique attractions to visit in Dade City. In addition to offering an array of fresh trees, the farm grows Christmas cactus and wreaths. You will also find hydroponic strawberries, blueberries, and blackberries. Visitors can enjoy affordable activities such as cutting their own Carolina Sapphire, Sand Pine, or Cedar Christmas Tree. You can also explore the barn, which houses animals like dogs, turkeys, pigs, and goats.

The Pasco County Courthouse

The Meridian Avenue site, a location of historical significance. It was inscribed on the US National Register of Historic Places in 2006. Those searching for free activities in Dade City should consider visiting this landmark, which boasts impressive Classic Revival architecture. Built-in 1909, it offers a fascinating glimpse into Florida government history. Visitors can tour the chambers and gain insight into the workings of Florida’s government. The courthouse also hosts special events, such as the annual Valentine’s Day complimentary wedding ceremony.

A Matter of Taste Café & Tea

This restaurant is owned by Jim and Carole Hendry and has been a prominent establishment in Dade City since 1990. This eatery is a must-visit on any list of the best places to go in Dade City Fl. It offers a bright and welcoming atmosphere, making it a perfect spot to dine after a long day of sightseeing. The menu is a fusion of various cuisines, including Italian, Southern, Cuban, and Greek. The restaurant offers a diverse selection of delicious treats, such as green gyros, Cuban sandwiches, fried tomatoes, and many others. In addition, A Matter of Taste offers a wide range of wines and beers to pair with your meal.

Sweet Blossom Alpacas

This 15-acre (6-hectare) farm in Dade City welcomes visitors by appointment to see the alpacas up close. The farm has a charming patio where guests can enjoy views of the pastures while observing the animals. Visitors will enjoy an hour-long tour that includes a delightful lunch and an opportunity to learn about alpacas. The farm also has a shop where visitors can purchase alpaca wool products. Tourists may also purchase blankets, socks, hats, gloves, scarves, and shawls. The farm also has yarn for sale.

Dade City is an excellent destination for families seeking a tranquil escape. It is an opportunity to disconnect from technology and explore places where animals roam freely or attend the kumquat festival.  Additionally, Dade City is just a 90-minute drive from Florida’s famous theme parks!

Dade City Fl

Siven Premier Real Estate is a reputable real estate agency that enjoys a prominent standing within Florida’s marketplace. Our agency offers a comprehensive range of integrated services that are tailored to meet the diverse needs of our clients. Our team comprises highly competent and experienced Tampa Realtors who possess an extensive understanding of the intricacies involved in real estate transactions.

We cordially invite you to take advantage of our exceptional real estate services in Florida. For further details regarding some of the most exquisite Tampa homes for sale, we encourage you to peruse our website or to get in touch with us directly at 813-330-0084.

Casa Fresca Florida

Casa Fresca Florida Has a New Community

Casa Fresca Florida is one of our favorite builders. Opening soon is their newest home community in Tampa Bay called Bell Creek Landing. It is located off Balm Riverview Road in Riverview, FL, and consists of 65 single-family homesites offering beautiful water and conservation views. The residents will relish a highly convenient location in close proximity to a plethora of everyday amenities, top-tier shopping and dining options, unspoiled nature preserves, as well as effortless connectivity to major commuter routes.

No CDD fees and low HOA fees make living in Bell Creek Landing an attractive option. We are excited to announce our pre-sales starting on Saturday, May 27th with limited-time introductory pricing. Join our interest list to receive first-hand updates on pricing and sales releases.

Benefits of Owning a Property at Casa Fresca:

Move-In Ready Homes 

Our move-in ready homes are designed by our experienced team of designers, who have curated the latest design options and features for you. You don’t have to spend time choosing fixtures and finishes as we have already done the legwork for your convenience. Our move-in ready homes also come with the latest built-in fixtures, saving you time on maintenance and work requests. Additionally, all appliances are up-to-date and brand new.

Casa Fresca Florida

HOA Fees 

One of the advantages associated with residing in an HOA-governed community is the safeguarding of property values. Our association has rules concerning landscaping, trash placement, decorations, and vehicle parking to ensure aesthetic consistency and appeal of the neighborhood, which in turn keeps property values high.

 Access to Community Amenities

Homeowners associations offer a variety of amenities that members can take advantage of. These amenities can include community pools, clubhouses, tennis courts, gyms, playgrounds, and parks. By having access to these amenities, homeowners save time and effort from traveling to public facilities. Additionally, HOA amenities are generally safer, less crowded, and better maintained compared to their public counterparts.

 No More Dealing with Bad Neighbors

Living in an HOA neighborhood comes with certain regulations that residents must adhere to, keeping everyone’s comfort in mind. This means that if a neighbor is violating an HOA covenant, such as hosting loud parties, homeowners have the means to address the issue. The HOA can enforce its rules and regulations, allowing residents to avoid confrontations with their neighbors.


Families with homes within walking distance of their children’s school can save both time and money on commuting. They can easily drop off their children on their way to work, avoiding rush-hour traffic. Furthermore, parents do not have to pay for school bus services, and children can go home for lunch to enjoy nutritious meals prepared by their parents.

Casa Fresca Florida

 Siven Premier Real Estate is a reputable real estate agency that holds a prominent position in the Florida market. Our agency provides a wide range of integrated services that cater to the diverse needs of our clients. Our team consists of experienced and skilled Tampa Realtors who possess a comprehensive understanding of the intricacies associated with real estate transactions.

We extend a warm invitation to you to benefit from our exceptional real estate services in Florida. To access additional information on some of the finest Tampa homes for sale, please visit our website or contact us directly at 813-330-0084.