top of page

Economic forecast: James Ramos, founder and CEO, Ramos Companies, Tampa

Writer's picture: James RamosJames Ramos

Published by: BUSINESS OBSERVER

Author: Brian Hartz


The property development and investment guru weighs in on trends to monitor.


Company: Ramos, whose multifaceted company handles everything from real estate sales to design, construction and property investment, says his goal for 2019 is to maintain the firm’s footprint while growing “interrelated company conversions.” That means, he says, “doing a better job of taking someone who’s closing on a sale and having them use our internal services, whether it’s title or mortgage, or selling them products for a renovation.” Ramos sees renovations, as opposed to ground-up construction, as being a big revenue driver in 2019 for his firm. That's because existing homeowners are looking to stay where they are and build value, while buyers are targeting particular neighborhoods to the point where they’re willing to settle on homes that need substantial work.


Industry: Ramos sees the real estate needle moving from a seller’s market to a buyer’s market in 2019. He doesn’t think higher interest rates are going to be a big factor — rather, he sees a growing disparity between sale prices and actual value. “People are seeing that their neighbors have sold for X amount, so they’re like, ‘Well, if they sold for that three months ago, then my home, surely, must be worth more.’” On the commercial side, Ramos sees a lot of opportunity in 2019 for Tampa businesses to move from leasing to owning, particularly in the Class B and C segment. He cites the looming influx of office space in the Water Street Tampa development as a factor that will drive down prices of existing buildings.


Threats: Because the core of his business centers on design work, Ramos sees the glut of designers coming into the real estate market as a potential threat in 2019. “They’re on the internet, Facebooking and Instagramming,” he says. “They may have an affinity for it and are able to do design, but they’re not necessarily carrying a license or anything.” Ramos also sees threats in the region’s wage stagnation and problematic commute times, and fears workers will have to settle for renting in the suburbs rather than having the economic power to build or buy a home closer to the downtown areas where they work.


17 views0 comments

Recent Posts

See All

Comments


A Ramos Signature Kitchen

WHAT our clients SAY

“We hired Ramos to construct our home on Davis Islands. In all areas of the process, we found the firm to be professional and helpful.  We have now been in our home for 6 years and find the quality of the finishes and construction to be as solid as the day we took occupancy.”

Contact

Fill out our contact form or give us a call, and schedule a no obligation consultation with a member of our team.

5706 S. MacDill Avenue

Tampa, FL 33611

Tel: (813) 259-1111

Fax: (813) 258-9090

info@ramoscompanies.com

  • Facebook
  • LinkedIn
  • Twitter
  • Instagram
  • YouTube
  • iTunes
  • SoundCloud
  • Google Play
2021_Best_of_South_Tampa_Logo RU_HM (1).
Web version design2021.png
houzz-2022_edited_edited.png
houzz-2022_edited.png
2023-Best-of-Houzz-Service.png

Thanks for submitting!

Ramos Companies is committed to providing an accessible website. If you have difficulty accessing content, have difficulty viewing a file on the website, or notice any accessibility problems, please contact Ramos Companies at info@ramoscompanies.com to specify the nature of the accessibility issue and any assistive technology you use, and we will strive to provide the content you need in the format you require.

Ramos Companies welcomes your suggestions and comments about improving ongoing efforts to increase the accessibility of this website.

bottom of page