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A developer has purchased the long-watched Cone estate on the South Tampa waterfront and plans to build nine single-family homes on the property. Steven Anthony Luxury Homes paid $12.75 million for the 4.32-acre property at 5108 W. Leona St. in Belmar Shores on Sept. 16, according to Hillsborough County property records. The site will be redeveloped to accommodate nine lots; while the builder initially planned 10 homes on the property, one buyer has reserved two of the lots, said Jeff Shelton, a…
Flippers are still making tens of thousands of dollars selling houses, but the evolving housing market is eating away at their profit margins. Here's what's driving the trend.
The housing market has been on absolute fire, especially since the Covid-19 pandemic. When the pandemic first hit home in the United States in March 2020, there was an immediate slump in homebuying activity as shelter-in-place orders and other government mandates were issued. Schools, offices and other public spaces closed, and everyone hunkered down for a wildly uncertain future. Predictions that the U.S. housing market would come back in the summer and continue into the fall of last year came…

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