Tampa Bay real estate continues to be in the news. While Tampa is reported to have a 3.5% vacancy (a strong market is 1.5%), experts are blaming it on the high number of investors rather than on subprime lending or a weak economy. Since the Tampa Bay economy is good, expectations are high that the V shaped turnaround in the Tampa Real Estate Market will be strong. "Based on Moody's Economy projections, Tampa should burn off its excess inventory and hit a price trough in the first quarter of 2008, at which point prices are expected to increase by 10.6% the following year." So, for you buyers out there, the time clock is ticking. You have from now through the first quarter of next year to buy low. Even at prices right now, the recovery (10.6%) should bring you into the black quickly.