Are buyers already coming back into the housing market?
Since the start of the new year, there's indications buyers may be — albeit slowly — reentering the housing market, owing in part to mortgage rates that've stabilized since 2022's volatility.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
The Residences at 400 Central developer says ‘everything is a go’ for St. Pete tower
The New York developer came to town on Saturday and hinted that availability — both for residences and office space — is quickly running out.
Blue Sky Communities to break ground on $27M affordable apartment complex in Winter Haven
The Central Florida city is expected to see 88 new units for those earning less than 80% of area median income.
St. Pete church proposes residential development
Palm Lake Christian Church has plans to transform the vacant portion of its property on 22nd Avenue N into a residential development. The church at 5401 22nd Ave. N filed a site plan with the city of St. Petersburg that shows plans for a three-story building on the northeast side of the property designed as housing for those living with disabling conditions. It will have a total of 72 beds. The church also wants to build 14 one-story casitas — or garden cottages — on the property’s northwest…
Report: Record amount of households looked to relocate out of their metro area in Q4
Despite a much cooler housing market, a higher percentage of people looking to buy a home in the fourth quarter were seeking to purchase outside of their metro area, suggesting relocation trends remain strong nearly three years after the pandemic's onset.
Downtown St. Pete penthouse sells for $6.5M
A penthouse on the 41st floor of ONE St. Petersburg has sold for $6.5 million. The seller was a corporate entity linked to Tampa-based Third Lake Partners. The deal closed on Jan. 17, according to Pinellas County property records. ONE St. Petersburg, at 100 First Ave N. in the heart of downtown, has 253 units. The sales price breaks down to $1,625 per square foot, which is near the very top of the market for luxury condos in Tampa Bay. The approximately 4,000-square-foot condo was designed by…
Renting a house is more affordable than buying one in these Tampa Bay areas
A new report finds that owning a home in Tampa Bay is more expensive than renting.
Podcast: JWB Real Estate Capital co-founder on the outlook for real estate investors
The Business Journals recently spoke with Gregg Cohen, the co-founder of JWB Real Estate Capital, to get a sense of the North Florida real estate market.
Waterfront property hits the market at $22M
A waterfront estate on Siesta Key has entered the market for $22 million. The residence is on the island's north end at 3799 Flamingo Road. The 8,000-square-foot property spans 1.4 acres on the Intracoastal Waterway and has over 700 feet of water frontage on the bay. The property is marketed by Joel Schemmel of Premier Sotheby’s International Realty’s downtown Sarasota office. The home, completed in 2017, features four bedrooms, four baths, two partial baths, custom walk-in closets and a gourmet…
Banking executives predict tough year as mortgage applications dry up
New numbers show mortgage applications for home purchases continue to drop nationwide. But some big banks are calling the current situation an opportunity to grow market share.