The homeownership gender gap is getting wider in the U.S. Here’s how Tampa Bay stacks up
While the gender gap is widening for homeownership nationwide, it's a different story in the Tampa Bay area.Original Article
Archive for month: March, 2023
Lennar selling townhouses in Moffitt-anchored Pasco community
Miami-based Lennar said it is launching sales of three townhouse collections.Original Article
Kolter Urban’s new Ritz-Carlton Residences, Sarasota Bay sees strong start for reservations
The company is finalizing approvals through the city and aim to break ground later this year.Original Article
Here’s what Florida’s new affordable housing law could mean for Tampa Bay
One day after Gov. Ron DeSantis signed a new affordable housing plan into law, Tampa real estate attorneys Elise Batsel and Jacob Cremer are fielding questions from developers they didn't expect to be interested in the new programs. The law provides $711 million to fund affordable housing initiatives and incentivizes mixed-income and mixed-use development with tax breaks and measures to shorten the timeframe it takes for projects to be approved by local municipalities. It also removes local restrictions…Original Article
Baby boomers overtake millennials as prime homebuying generation as first-time buyers get sidelined
Millennials are no longer the top generation buying homes, as a rapid increase in mortgage rates and other factors have sidelined a lot of first-time buyers since last spring and summer.Original Article
How these St. Pete YIMBYs are making the city’s new zoning policy a reality
Developer Will Conroy is already building the type of housing St. Petersburg hopes to encourage with its new zoning policy. Conroy, founder and president of St. Pete-based Backstreets Capital, has multiple projects under development throughout the city. Several include what advocates call “missing middle housing” — more affordable residences like duplexes, triplexes and quadplexes. Conroy said there’s high demand for that type of housing, and he expects more developers will soon embrace…Original Article
Affordable housing plan in Florida gets final approval
The bill would provide incentives for private investment in affordable housing and encourage mixed-use development in struggling commercial areas.Original Article
St. Pete approves zoning change to increase housing supply
St. Petersburg has approved a zoning change that will allow for more residential units to be added to nearly 3,000 parcels in the city. City council on Thursday voted 7 to 1 to allow some owners of single-family homes to add more units to their property. The change allows for what supporters call “missing middle housing,” such as duplexes, triplexes and quadplexes. Councilman Ed Montanari cast the sole dissenting vote. The vote is a small step toward combating the city’s ongoing housing…Original Article
Nine renters compete for every one apartment in Tampa Bay
Tampa Bay is one of the hardest places in Florida for renters to find a new unit, according to a recent report by the rental listing website RentCafe. The report found that high home prices, tight housing supply and inflation have made Tampa Bay one of Florida’s most competitive rental markets at the start of 2023. To compile the report, RentCafe analyzed the 134 largest markets in the U.S. where data was available. It looked at the most revealing metrics when it came to competition, including: the…Original Article
Zillow: Tampa Bay homebuyers are ready, but interest rates have sellers on the fence
"Home sellers seem to be sitting out the early spring selling season in surprising numbers."Original Article