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How four Tampa Bay real estate pros see the market in 2016

Article From: http://www.tampabay.com/ By Susan Taylor Martin, Times Senior Correspondent Coming off a robust year for Tampa Bay homes sales, area Realtors have a mixed forecast for 2016. Demand for moderately priced homes — under $250,000 — will remain strong, but the turbulent stock market and uncertainty over who will be the next U.S. president could leave some prospective buyers sitting on the fence. The Tampa Bay Times interviewed four prominent local Realtors to get their take on what's in store for the housing market: Charles Richardson, senior regional vice president of Coldwell Banker; Bonnie Strickland of the St. Petersburg-based Strickland...

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Inaccurate Zillow ‘Zestimates’ a source of conflict over home prices

Article From: http://www.latimes.com/ By Kenneth R Harney When “CBS This Morning” co-host Norah O’Donnell asked the chief executive of Zillow recently about the accuracy of the website’s automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate. Zillow is the most popular online real estate information site, with 73 million unique visitors in December. Along with active listings of properties for sale, it also provides information on houses that are not on the market. You can enter the address or general location in a database of millions of...

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Foreign real estate investors funnel millions toward Tampa Bay as South Florida market overheats

Article From: http://www.tampabay.com/ By Drew Harwell TAMPA — When developers broke ground this month on Tampa's newest apartment skyscraper, they defined their goal as a portrait of homey domestic splendor: neighbors "sharing dinner on a Friday evening, looking west over toward the ... sunset." But to get there, SkyHouse Channelside's developers had to look in the other direction, toward the Far East. Up to $15 million of the tower's $68 million price tag will come from the American arm of Tokyo-based Kajima Corp., one of Japan's most powerful construction conglomerates. "The more (developers have) constructed, the more comfortable the Japanese have...

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