Trending in Tampa

Ford Amphitheatre at the Florida State Fairgrounds Wednesday July 14, 2004. July 23 marks the first concert in the brand-new Ford Amphitheatre, a Christian concert featuring MercyMe and Michael W. Smith. We preview it, and just see if the venue is ready, for Brandon Times on 7/23. There's still construction trucks and things out there--we probably need an updated photo to run the day of the concert.

Mid-Florida Amphitheater

The Mid-Florida Amphitheater has a packed summer schedule in 2022. No matter your taste in music, it is certain you will find something you like. The venue is Tampa’s largest outdoor performance area with a capacity of 20,000. With Tampa becoming a destination for many, the level of performers coming to this area keeps getting better.

If you are new to Tampa, there is nothing that makes an area feel more like home than hearing some of your favorite music. Check out the website for show and ticket information. If it is your first time attending a concert at the AMP, you will want to arrive early, review the parking procedures as well as what items you can take inside. Click this link for up-to-date concert information.


17 Best Things To Do in Tampa – March 2022


Tampa is tailor-made for families who love animals. Take your pick between the Florida Aquarium, Tampa Electric’s Manatee Viewing Center, Big Cat Rescue or Tampa’s Lowry Park Zoo. Not traveling with the kids? Tampa’s got you covered there, too. When you’re not getting a history lesson at the Henry B. Plant Museum, unwind with a cocktail or two and some delicious Cuban food in Ybor City. And although Tampa may not be known for its beaches, that doesn’t mean sun and fun isn’t within reach. You’ll find some of Florida’s most popular shorelines, including Clearwater Beach, Honeymoon Island State Park and Treasure Island are located less than an hour from downtown Tampa.

Click below for US News and World Report’s list of the Best things to do in Tampa.

Here’s a taste of the new fair foods to try at the 2022 Florida State Fair

The fair season is upon us in the Tampa Bay area, which means vendors at the Florida State Fair are going to bring even more innovative, delicious, fried, and sweet foods to try.

The Florida State Fair is always a time for foodies to congregate for the classic treats and new twists: like the Deep Fried Banana or the Loaded Fried Pickle Nachos. They’re even incorporating some nostalgia into the mix. Hint: it has to deal with Pop Rocks.

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below:

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

How Can You Know Where Mortgage Rates Are Headed?

While it’s always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking at the 50-year history of the 10-year treasury yield, and then following its path. Understanding the mechanics of the treasury yield isn’t as important as knowing that there’s a correlation between how it moves and how mortgage rates follow. Here’s a graph showing that relationship over the last 50 years:

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

This correlation has continued into the new year. The treasury yield has started to climb, and that’s driven rates up. As of last Thursday, the treasury yield was 1.81%. That’s 1.74% below the mortgage rate reported the same day (3.55%) and is very close to the average spread we see between the two numbers (average spread is 1.7).

Where Will the Treasury Yield Head in the Future?

With this information in mind, a 10-year treasury-yield forecast would be a good indicator of where mortgage rates may be headed. The Wall Street Journal just surveyed a panel of over 75 academic, business, and financial economists asking them to forecast the treasury yield over the next few years. The consensus was that experts project the treasury yield will climb to 2.84% by the end of 2024. Based on the 50-year history of following this yield, that would likely put mortgage rates at about 4.5% in three years.

While the correlation between the 30-year fixed mortgage rate and the 10-year treasury yield is clear in the data shown above for the past 50 years, it shouldn’t be used as an exact indicator. They’re both hard to forecast, especially in this unprecedented economic time driven by a global pandemic. Yet understanding the relationship can help you get an idea of where rates may be going. It appears, based on the information we have now, that mortgage rates will continue to rise over the next few years. If that’s the case, your best bet may be to purchase a home sooner rather than later, if you’re able.

Bottom Line

Forecasting mortgage rates is very difficult. As Mark Fleming, Chief Economist at First American, once said:

“You know, the fallacy of economic forecasting is don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

However, if you’re either a first-time homebuyer or a current homeowner thinking of moving into a home that better fits your changing needs, understanding what’s happening with the 10-year treasury yield and mortgage rates can help you make an informed decision on the timing of your purchase.

December Statistics – What the Numbers are Telling Us
 January 13, 2022 – The big story here is average sales price. Homes in the Central Gulf Coast are selling 22% higher than in December, 2020. Why is this happening? It is basic supply and demand. In all of 2021, we averaged one month of inventory. In a balanced market, we would have between six and seven months of available inventory.  If you look at listings sold, you will see that we had fewer listings sold in December of 2021 compared to 2020, but the total sales volume went up 1.4 billion dollars. While there are many variables at play, there is no doubt that home values have gone up and owners should be confident that their equity has increased.  You may have heard that Tampa is Zillow’s Hottest Market for 2022. This is no surprise to real estate professionals. We are seeing nearly 150 people per day move to the area. With the influx of new residents and a limited inventory of homes, we will likely continue to see home values hold steady or continue to rise.  Another factor that can affect home sales in 2022 will be the interest rates. With record inflation, it is predicted that there could be up to four interest rate hikes this year by the feds. Interest rates on mortgages are predicted to hit 4% by the end of 2022.  If you are looking to purchase or sell your home this year, it is important to start the conversation early with your real estate agent. While we don’t always have a crystal ball, we do spend a great deal of time researching the factors that could affect your bottom line. 

Why Tampa will be 2022’s Hottest Market

  • The Sun Belt dominates Zillow’s list of hottest housing markets for the second year in a row. Tampa, Jacksonville, Raleigh, San Antonio and Charlotte are expected to lead the U.S.
  • Last year’s hottest market, Austin, fell to No. 10 this year.
  • New York, Milwaukee, San Francisco and Chicago are expected to be the coolest housing markets in 2022, but sellers will have the upper hand even in cooler markets.

The housing market in 2022 is expected to remain hot overall, with many of the same trends that drove the market to new heights this year still firmly in place as we head into the New Year. But while all of the nation’s 50 largest markets are expected to grow healthily in 2022 and sellers nationwide should expect to remain in the driver’s seat, there can be only one Number One – and Zillow expects Tampa to top the list, with a host of relatively affordable and fast-growing Sun Belt markets following closely behind.

Jacksonville, Raleigh, San Antonio and Charlotte fill out the list of the top five hottest markets for 2022, each buoyed by a combination of strong forecasted home value growth, strong economic fundamentals including high job growth, fast-moving inventory and plentiful likely buyers. Additionally, these markets have historically not been particularly sensitive to rising mortgage interest rates or a slowing stock market – two risk factors for housing and the economy overall as the calendar turns.

The coolest markets of the year are expected to be New York, Milwaukee, San Francisco, Chicago, and San Jose – each characterized by relatively fewer new jobs and less favorable demographic trends than other large markets, though still all expected to fare just fine on their own next year.

Price Growth

Home value growth in 2021 consistently broke records, both nationally and in many local markets. This growth has been fueled by historically low mortgage interest rates, pandemic-influenced decisions on where households want to live, and demographic shifts – both from aging millennials and retiring/downsizing boomers – that have all combined to keep housing demand very high. At the same time, inventory of available housing has been limited, as builders play catch-up after years of underbuilding and sellers list their homes in fewer numbers. None of those trends is expected to change much in 2022 from 2021, and limited housing supply coupled with sky-high housing demand is a classic Econ 101 recipe for rising home values.

That said, many of the fastest growing markets in 2021 are expected to slow somewhat in 2022, making way at the top for other markets. Tampa is expected to rise from fourth-fastest home value growth in 2021 to fastest in 2022, Raleigh from third to second and Jacksonville from seventh to third. The fastest-growing markets in 2021, Austin and Phoenix, are expected to fall to seventh and eighth, respectively.

Inventory & Velocity

Both restrictive supply overall – fewer sellers willing to sell, fewer homes built by builders – and sky-high demand can both lead to low inventory. The former is probably self-explanatory, but the latter is also interesting: When demand is very high, even a decent number of homes on the market can still sell very quickly given a high number of buyers, contributing to an overall low level of homes on the market at any given time even if the pace of new listings is healthy. And when new listings are quickly snatched up, it’s likely that means some buyers were left out, either moving too slow to secure a home while it was on the market, or not being able or willing to make a competitive enough offer.

We can see where buyers had the hardest time finding a home in 2021, and so where there may be the most pent up demand in 2022. The fewest (standardized) listing days per home were in New Orleans, Cleveland, and Kansas City. These markets are forecast to have less deceleration than most other markets as well.

Job Market & Building

Total nonfarm payrolls stood 2.1%, 3.1 million jobs, lower this November than in November 2019. At the same time (November 2019 to October 2021), 3.1 million new housing units were authorized by building permits. So nationally, we have lost almost exactly one job for every new housing unit built. As the labor market recovers, several major metros have actually added more jobs than new units – despite the pandemic. Tampa added 0.63 added jobs per new unit, second only to Salt Lake City at 0.99 added jobs per new unit. Also with job gains were Phoenix, Austin, Jacksonville, Dallas, Raleigh, and San Antonio.


Baby Boomers and millennials represent two enormous generations, both very active in the housing market. Boomers are hardly exiting the market as they age, staying active and purchasing homes in the Sun Belt as they retire and/or move to be closer to grandchildren etc. And millennials are just beginning to age into their prime home buying years as they hit their early-mid thirties, a time when many Americans traditionally begin to settle down, start families and think differently about the type of home and type of community they want and need.

The boomer tide in the for-sale housing market is expected to continue to rise for at least the next 8 years; younger millennials will be hitting first-time home buying age at about the same time, meaning the 2020’s will be a period of sustained underlying demand in the housing market. Year by year these effects will be felt differently across markets. In 2022, the market with the most demographic lift in the for-sale market is Austin, with a trend suggesting the formation of 3.4% more owning households (assuming there are homes available for them to buy). Orlando follows at 2.8%, and then Tampa at 2.7%. Of the largest 50 markets, 29 have natural owner household growth exceeding 1% in one year, the rule-of-thumb rate at which the housing stock increases nationally. The markets with the least demographic pressure for growth are Pittsburgh, Hartford and Buffalo.


There are two large known risk factors for housing markets in 2022. First, mortgage interest rates are expected to rise in 2022, making home loans more expensive for aspiring buyers. At the margin, this would restrict the inventory accessible in the most expensive markets, potentially driving up competition for the lowest-priced homes in those markets or removing them from consideration altogether. Historically, home value appreciation in the following markets has strong negative correlation with interest rates — so if interest rates go up, these markets are likely to slow the most: San Diego, New Orleans, Washington DC, Los Angeles, San Jose and San Francisco.

Second, forecasts on the performance of stocks are incredibly wide, with analysts’ 2022 year-end targets ranging from -7% to +13%, slower growth in any case than what we’ve seen in the last 2 years if not declines. A slower stock market would mean buyers are bringing relatively less to the table for a down payment in 2022. This would most affect markets where there are a lot of first time buyers or where more buyers are entering from lower cost areas, bringing less equity from their previous home. (Or if housing is treated as an asset it could mean a substitution to housing in the next few months. What follows addresses only the downside risk.) In the following markets, growth has strong positive correlation with stock market returns — so if the stock market falters next year, we’d expect home value growth in these places to slow disproportionately: Phoenix, Las Vegas, Cincinnati, Hartford, St. Louis, Miami, Cleveland, Los Angeles and San Jose.



The final index was based on the following data:

  • Forecasted annual home value appreciation in Nov. 2022
  • Forecasted acceleration in home value appreciation, Nov. 2021-Nov. 2022
  • Standardized listing days per home, Jan. 2021-Nov. 2021
  • 2-year change in total non-farm employment per 2-year residential building permit total
  • Projected change in owner households, 2021-2022

Metrics were normalized given the available metro-level data to standard deviations from the mean, with mean and standard deviation weighted based on housing unit counts. Standard scores were capped at ±1.96 so as not to overly penalize any metro for extreme data points. The final index was reached by taking the average across metrics, with standardized HPA acceleration down-weighted by half.

Home values and expected home value growth were taken from published Zillow Home Value Index and Zillow Home Value Forecast data available at the time of analysis (data through November 2021 and forecast data through November 2022 was the latest available).

Inventory and velocity are represented by standardized listing days per home, using published Zillow data for Median Days to Pending and New Listings. Similar to a metric of inventory, this will capture both the number of homes and speed of sale. However, markets differ structurally such that time on market is not always directly comparable for gauging relative market heat. To correct for these differences we adjust Median Days to Pending using pre-COVID region fixed effects. Then we multiply by new listings to get standardized listing days, and then divide by the total number of homes to put metros of different sizes on the same scale.

Job market and building data took the ratio of the change in employment to the total permitted residential structures. Total non-farm employment (seasonally adjusted) comes from the U.S. Bureau of Labor Statistics Current Employment Statistics survey. We used the 2-year change in employment Nov. 2019-Nov. 2021.

Building permit data comes from New Private Housing Structures Authorized by Building Permits (BPPRIVSA), retrieved from FRED, Federal Reserve Bank of St. Louis. We sum over the 2-year period Oct. 2019-Oct. 2021.

To assess the underlying demographic pressure in the for-sale housing market, we used the projected change in homeowner households 2021-2022. This projection accounted for population aging and migration patterns. Data came from the American Community Survey (2018 ACS 5-year sample, 2019 ACS 5-year sample, and 2019 ACS 1-year sample) downloaded from IPUMS USA, University of Minnesota,

In the first stage, we used the larger 5-year sample to calculate entry and exit from the population (due to birth, migration, death) by age. For each birth cohort the age-specific outflow was set to be the difference between the cohort’s population in 2019, less in-migration, and the cohort’s population in 2018. The population inflow and outflow divided by the population in 2018 yielded the rate of change entering their 2019 age.

In the second stage, we applied the age-specific rates of population change to the 1-year sample, iterating over 2020-2022. We filtered to ages 18-89 to avoid low population counts and unreliable migration trends at the highest ages. Keeping constant the observed age-specific share of the population who is the head of household of an owner-occupied housing unit (the “owner-headship rate”), we calculated the percentage change in the number of owner-heads expected in 2022, compared to 2021, by age. Summing these changes gave us a demographically expected rate of increase in homeowner households in 2022.

All population and owner-headship counts were smoothed across ages over a 5-year centered window prior to taking rates and changes.


[1]At the time of publication, the Zillow Home Value Forecast only covered the period ending November 2022. Throughout this piece, this data for the first 11 months of 2022, but not the full year, is used ass a proxy for full-year 2022 data.



Courtesy of
Courtesy of

Homeowner Wealth Increases Through Growing Equity This Year

Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute,Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making monthly mortgage payments:

“The principal portion that reduces the loan balance builds the homeowner’s equity. In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in.”

But home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth. As Freddie Macexplains:

“Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

Homeowners Continue To See Equity Increase

CoreLogic recently published their latest Homeowner Equity Insights Report, and it shows continued growth in equity amidst record home price appreciation. The report provides several key takeaways, all of which point to rising wealth for homeowners:

  1. The average equity gain of mortgaged homes during the past year was $33,400
  2. The current average equity of mortgaged homes is greater than $216,000
  3. There was a 6% increase in total homeowner equity over the past year
  4. Total U.S. homeowner equity has reached nearly $1.9 trillion

Here, you can see the equity gains by state:Homeowner Wealth Increases Through Growing Equity This Year | MyKCM

Equity Provides Homeowners with Flexibility

In addition to being a critical tool in building wealth, a homeowner’s equity also provides significant flexibility. When you sell your house, the accumulated equity comes back to you in the sale. Recent increases in home equity coupled with record-low mortgage rates mean it could be the perfect time for homeowners looking to make a move. Mark Fleming, Chief Economist at First American, notes:

“Existing homeowners today are sitting on record amounts of equity. As homeowners gain equity in their homes, the temptation grows to list their current home for sale and use the equity to purchase a larger or more attractive home.”

Increasing equity also helps families facing challenges brought on by the pandemic. Frank Martell, President and CEO of CoreLogic, explains in the recent Homeowner Equity Insights Report:

“Homeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic. These gains have become an important financial tool and boosted consumer confidence in the U.S. housing market, especially for older homeowners and baby boomers who’ve experienced years of price appreciation.”

Bottom Line

Home equity has always been a powerful wealth-building tool, and homeowners continue to see their financial stability increase. Let’s connect today so you can better understand how much equity you have in your current home or if you’re ready to take the next step in building your savings as a homeowner.