Bucking a national trend, home refinancings increased dramatically in the Tampa Bay area in the third quarter of this year. According to the real estate tracker ATTOM Data Solutions, refinancings soared 33 percent from the same period a year earlier compared to an 11 percent decrease nationally.
As Tampa Bay home prices and values rise, more owners are tapping their equity to pay for home improvements, vacations or other expenses. Refinancings also jumped in Miami and Orlando in the three months ended in September.
Contact Susan Taylor Martin at firstname.lastname@example.org or (727) 893-8642. Follow @susanskate.