Why technology hasn’t fixed the housing crisis
Policymakers warn that the housing crisis isn’t a problem technology can solve. Yet it’s intriguing to think what might happen if investors threw money more directly at this goal.Original Article
Archive for month: January, 2019
35-story condo tower Eleve 61 is moving fast in downtown Tampa’s Channel district
Success is never guaranteed in real estate development — especially when it comes to condominiums — but the team behind Eleve 61 in the Channel district feels pretty good about its chances.Original Article
The biggest driver behind a billionaire New York developer’s plans for 50-story tower in downtown St. Pete? Pride
The billionaire developer behind plans for a 50-story mixed-use tower in downtown St. Petersburg knows that everything about his vision for the 400 block of Central Avenue is aggressive. The number of condos. The scale. And his timeline, which would ideally have cranes in the air by fall — a mere eight months away, though a sales campaign for the condos hasn't even kicked off. For John Catsimatidis, whose Red Apple Group is behind the imposing building, none of that matters. "Don’t forget:…Original Article
Housing stocks lose footing on fears of slowdown
Shares of U.S. builders and real estate groups tumbled as investors digested fresh signs of a housing slowdown.Original Article
Canadian developer plans investment condos on Clearwater Beach (Renderings)
The condos will be short-term vacation rentals.Original Article
Winter vacation getaways: Here are the 30 most expensive Pocono-area properties for sale
For Florida residents looking for a winter getaway, here is a list of the 30 most expensive properties in the Pocono area of Pennsylvania, which we've defined as Carbon, Monroe, Pike and Wayne counties. Although every property might not be directly related to winter vacation destinations, they are all within an easy drive of the mountains. Prices range from $3,750,000 to $1,100,000 and all of our listings are courtesy of Realtor.com. Here's some fun facts about the area from PoconoMountains.com.Original Article
Phoenix developer invests millions to develop hybrid rental units, including in Tampa
The company expects to invest $500 million this year to build its projects around the country, including $200 million in the Phoenix region.Original Article
Water Street Tampa will make monumental progress in 2019. Here’s what to expect in the year ahead.
If 2018 felt like a whirlwind for Water Street Tampa, 2019 will be even bigger. A new hotel and residential and office towers will break ground in the mixed-use urban district under construction in downtown Tampa, and the developer expects a flurry of leasing activity for retail and office space, said James Nozar, CEO of Strategic Property Partners. SPP is the real estate development company controlled by Tampa Bay Lightning owner Jeff Vinik and Cascade Investment LLC. Here's a breakdown of…Original Article
Lakeland edges out big name cities to be Realtor.com’s top market in 2019
Lakeland has been named the top market of 2019 by Realtor.com. Beating out cities such as Miami and Las Vegas, Lakeland is projected to have 5 percent sales growth and 7.4 percent price growth in the coming year, largely driven by a millennial population that is expected to take out a 32 percent share of mortgages. The city's population is forecasted to grow 2.6 percent in 2019, contributing to the area’s rising home prices which are expected to top 7.9 percent in 2019. The median forecasted…Original Article
The fight to keep teachers in tech hubs from being priced out
Educators in expensive area like the San Francisco Bay Area are turning to radical solutions, from subsidized, district-owned apartments to mortgage assistance funded by charity.Original Article