Prudential Tropical Realty

Are you ready for some good news? According to nationally-syndicated columnist Kenneth Harney, “….homeowners still control near-record equity holdings, just under $11 trillion.” So despite, the bad news that is constantly being reported, the fact is that “…most homeowners’ equity stakes are intact. Or even growing.”

Granted, prices are off 4.4% on average, “…but if prices more than doubled (as they did in 33 metropolitan markets between 2001 and 2006), even 10 percent and higher average price drops in once-booming areas of California and Florida have left owners with most of their paper gains intact.” What this means is that for most homeowners, even though price corrections continue, the adjustment is minor compared to the significant gains enjoyed during the previous five years.

Enjoy reading more good news by checking out Ken Harney’s article here.

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The old saying is true, You can NEVER get enough of a good thing!

Just 2 weeks ago PTR acquired Marie Powell Realty. Well, we had so much fun and success with that one, we decided to do it all again.

Prudential Tropical Realty is proud to announce that we have acquired the Tampa office of Murphy-Matthews and Associates. This acquisition expands PTR's market presence to more then 500 sales executives and employees with 12 locations throughout the Greater Tampa Bay area.

Dewey Mitchell, co-owner of PTR explains,

We are so optimistic and confident in Tampa Bay's real estate market that we will continue to actively invest in both resources and people. At a time when national and local firms are continuing to leave the market, we are fortunate to be in a position to acquire companies which allows us to expand both our market share and presence throughout the Greater Tampa Bay Area.

John Murphy, owner of Murphy-Matthews and Associates, had this to say about the acquisition,

The day we opened our doors our goal was to provide our customers with outstanding market knowledge and service. Prudential Tropical Realty not only shares our passion for putting the customer first but also brings the power of the “Prudential” name.

John Murphy will remain active as a Property Manager with PTR's Property Management Services Division. Murphy has 25 years of experience and has been active in several Tampa Bay Area real estate associations, the Greater Tampa Chamber of Commerce and Tampa/Hillsborough Visitors & COnvention Bureau.

Check back often, because we are not done yet! Comments (1)