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Jeanne Wolfe, Broker-Associate

For Sale in South Tampa:

242 ColumbiaDr Davis Islands South Tampa FL 33606   2/1 1665sf $759,500. Light and Bright Townhome! South Tampa living at its FINEST! Wonderful opportunity to live the Davis Islands lifestyle in this 3 bedroom 2 bath and 1 half bath unit with 2 car garage Great location close to the Village and an easy walk to the Channel. $759,5000 Call Jeanne Wolfe 813-997-7654
3301 Bayshore Blvd 410 3/3 1996sf $635,000. Located on desirable Bayshore Blvd in the heart of South Tampa! Floor to ceiling South Tampa views from every room!
515 Suwanee Cir Davis Islands Waterfront  3/3/1  2134sf $1,450,000. Lovely renovated Mid Century ranch. Light and open floor plan, with vistas of the large lot, pool and canal.
3611 W Roland St-Cozy charmer/ gleaming hardwood floors. Finely crafted custom white kitchen/stone counters. What a great yard! Award winning Plant High School district.
803 Packwood 2/1   1582sf    $695,000  Hyde Park  Charming bungalow with all the sought-after architectural elements: High ceilings, gleaming hardwood floors, crown molding and front porch.
510 Channel Drive – Davis Islands – on the Channel 3/2 1248sf $695,000 Amazing water views of Seddon Channel from this open, airy, and well maintained 3/2 on desirable Channel Drive.

Things to Consider When Buying a Home (Winter 2022) 

24 Page Booklet

 Download PDF of Guide


Things to Consider When Selling a Home (Winter 2022) 

24 Page Booklet

Download PDF of Guide

The Average Homeowner Gained $56,700 in Equity over the Past Year  12/21/2021

The Average Homeowner Gained over $56,700 in Equity over the Past Year | MyKCM

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters.

For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding wars and multiple offers are driving prices up. That’s because people are willing to pay more to buy a home. Right now, this low supply and high demand are giving current homeowners a significant equity boost.

Dr. Frank Nothaft, Chief Economist at CoreLogic, explains it like this:

Home price growth is the principal driver of home equity creation. The CoreLogic Home Price Index reported home prices were up 17.7% for the past 12 months ending September, spurring the record gains in home equity wealth.

To find out just how much rising home values have impacted equity, we turn to the latest Homeowner Equity Insights from CoreLogic. According to that report, the average homeowner’s equity has grown by $56,700 over the last 12 months.

Curious how your state stacks up? Check out the map below to find out the average equity gain for your area.The Average Homeowner Gained over $56,700 in Equity over the Past Year | MyKCM

How Rising Equity Impacts You

If you’re already a homeowner, equity not only builds your wealth, it also opens doors for you to achieve your goals. It works like this: when you sell your house, the equity you built up comes back to you in the sale. You can use those proceeds to fuel your next move, especially if you’ve decided your needs have changed and you’re looking for something new.

If you’re thinking about becoming a homeowner, understanding the importance of equity can help you realize why homeownership is a worthwhile goal. It builds your wealth and gives you peace of mind that your investment is a wise one, not just from a lifestyle perspective, but from a financial one too.

Bottom Line

Whether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.

There Won’t Be a Wave of Foreclosures in the Housing Market

   Distressed PropertiesForeclosuresHousing Market UpdatesPricing

There Won’t Be a Wave of Foreclosures in the Housing Market | Simplifying The Market

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.


Here’s a look at why that isn’t the case.

1. There Are Fewer Homeowners in Trouble This Time

After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time.

However, today’s data shows that most homeowners exited their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The latest data from the Mortgage Bankers Association (MBA) studies how people exited the forbearance program from June 2020 to November 2021.

Here are those findings:

38.6% left the program paid in full

  • 19.9% made their monthly payments during the forbearance period
  • 11.8% made up all past-due payments
  • 6.9% paid off the loan in full

44% negotiated work-out repayment plans

  • 29.1% received a loan deferral
  • 14.1% received a loan modification
  • 0.8% arranged a different repayment plan

0.6% sold as a short sale or did a deed-in-lieu

16.8% left the program still in trouble and without a loss mitigation plan in place

2. Those Left in the Program Can Still Negotiate a Repayment Plan

As of last Friday, the total number of mortgages still in forbearance stood at 890,000. Those who remain in forbearance still have the chance to work out a suitable plan with the servicing company that represents their lender. And the servicing companies are under pressure to do just that by both federal and state agencies.

Rick Sharga, Executive Vice President at RealtyTrac, says in a recent tweet:

“The [Consumer Financial Protection Bureau] and state [Attorneys General] look like they’re adopting a ‘zero tolerance’ approach to mortgage servicing enforcement. Likely that this will limit #foreclosure activity for a good part of 2022, while servicers explore all possible loss [mitigation] options.”

For more information, read the warning issued by the Attorney General of New York State.

3. Most Homeowners Have More Than Enough Equity To Sell Their Homes

For those who can’t negotiate a solution and the 16.8% who left the forbearance program without a work-out, many will have enough equity to sell their homes and leave the closing with cash instead of facing foreclosures.

Due to rapidly rising home prices over the last two years, the average homeowner has gained record amounts of equity in their home. As Frank Martell, President & CEO of CoreLogic, explains:

“Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth.”

4. There Have Been Far Fewer Foreclosures Over the Last Two Years

One of the seldom-reported benefits of the forbearance program was that it allowed households experiencing financial difficulties prior to the pandemic to enter the program. It gave those homeowners an extra two years to get their finances in order and work out a plan with their lender. That prevented over 400,000 foreclosures that normally would have come to the market had the new forbearance program not been available. Otherwise, the real estate market would have had to absorb those foreclosures. Here’s a graph depicting this data:

There Won’t Be a Wave of Foreclosures in the Housing Market | Simplifying The Market

5. The Current Market Can Easily Absorb Over a Million New Listings

When foreclosures hit the market in 2008, they added to the oversupply of houses that were already for sale. That resulted in over a nine-month supply of listings, and anything over a six-month supply can cause prices to depreciate.

It’s exactly the opposite today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) reveals:

“Total housing inventory at the end of November amounted to 1.11 million units, down 9.8% from October and down 13.3% from one year ago (1.28 million). Unsold inventory sits at a 2.1-month supply at the current sales pace, a decline from both the prior month and from one year ago.”

A balanced market would have approximately a six-month supply of inventory. At 2.1 months, the market is severely understocked. Even if one million homes enter the market, there still won’t be enough inventory to meet the current demand.

Bottom Line

The end of the forbearance plan will not cause any upheaval in the housing market. Sharga puts it best:

“The fact that foreclosure starts declined despite hundreds of thousands of borrowers exiting the CARES Act mortgage forbearance program over the last few months is very encouraging. It suggests that the ‘forbearance equals foreclosure’ narrative was incorrect. . . .”

Welcome to our Real Estate Website. Your resource for buying and selling Tampa Homes and Real Estate. Included are tools to research Tampa and South Tampa Waterfront, South Tampa Homes for Sale, Tampa Luxury Waterfront Homes  Presented by Jeanne Wolfe, a Tampa Real Estate Expert and Realtor working with Buyers and Sellers throughout the Tampa area with 34 years of continuous experience. 

Tampa Historic Photos and Tampa History

If you are looking for new or resale residential home, houses in Tampa, a South Tampa Home,
South Tampa Real Estate, South Tampa Waterfront, a South Tampa Realtor or a South Tampa new home, house, condominium, townhome, condo, loft, luxury, waterfront estate or even a Tampa Bay Home, you have come to
the right place. 


Finding the Right Tampa Florida Home or South Tampa Florida Home for Sale, Condominium, Loft or Townhome for you is my Specialty.

Waterfront and Luxury Homes are in just about every area of Tampa Bay. Some examples of Tampa Bay Homes on Waterfront are Davis Islands, Harbour Island, Culbreath Isles, Westshore, Golfview, Clearwater Beach, Pelican Island, Bay Side, Bay Port, Andalucia, Apollo Beach, Mirabay, St Petersburg Beach, Westshore, Snell Isle, and the Hillsborough River.

The South Tampa Real Estate favorite architecture style seems to be Mediterranean, but many home styles are available including Ranch, Colonial, Tudor, Bungalow, Spanish, Townhome, Condo and Lofts.

You can rely on Jeanne’s 34 years of Real Estate experience in the Tampa Real Estate Market and her professionalism to insure a problem free transaction whether you are buying or selling. The market is constantly changing, and no one is better qualified than Jeanne, to assist you with accurate, local Realestate market values in the many areas, subdivisions and condominiums of Tampa. Her knowledge of the Tampa Market is unsurpassed.

The Company, Smith and Associates Real Estate


Smith and Associates Real Estate is located in Central South Tampa at the intersection of Bay to Bay Blvd and Dale Mabry Highway and has a long history in South Tampa. Jeanne has lived in South Tampa for over 39 years and has sold Real Estate from there for over 33 years.

Tampa’s Experienced Realtor – 34 years, Always Call Jeanne Wolfe, Tampa Realtor, for help to sell your South Tampa Home or to find your next South Tampa Real Estate purchase. One of Tampa’s Top Real Estate Professionals. Consistent high volume of sales, Multi-Million in volume every year!

Are you going to buy or sell a home in the Tampa Area?
Call Jeanne Wolfe for any of your Real Estate needs in Tampa, South Tampa or Tampa Bay.

Jeanne Wolfe
  3801 Bay to Bay Blvd
  Tampa  FL   33629

Email: iloverelo@aol.com

The Wolfe Group
Decades of Matchless Experience

Cell Phones:
Jeanne Wolfe: 813-997-7654
Liz Wolfe: 813-601-4311
Scott Wolfe 813-601-5751


Your Local Tampa Realtors – Decades of Combined Tampa Experience

Information contained herein is deemed accurate, however no warranty is implied or given.  All linked pages are the sole responsibility of that Web Site and you are requested to verify the accuracy of any content you wish to rely upon.  Additionally, any MLS information found on this Web Site or given by Jeanne Wolfe is believed to be accurate, but should be verified to your satisfaction via Appraisers, County Property Records, Personal Observation and the like, before relying upon such information.