Author Archive for: DomresRealEstate

As the housing market starts to rebalance, a report from real estate website Zillow shows that first-time homebuyers and sellers are unsure what the market will look like in the future. Nearly half of agents (46%) surveyed by the site say the biggest misconception among aspiring homebuyers is that home prices will significantly fall, while more than a third of agents (35%) say prospective buyers mistakenly think they should wait for high mortgage rates to come down. Zillow’s research predicts…

The Waterchase Apartments are located near Largo High School and the Teakwood Village mobile home park.

St. Petersburg developer Will Conroy sees plenty of demand for luxury single-family homes in the Sunshine City — even as a national recession looms. Conroy, founder of Backstreets Capital, owns 42 lots across the city in partnership with St. Pete-based Canopy Builders. By the end of 2023, nearly half of those will be built out: He plans to build 19 speculative homes ranging from $800,000 to $1.4 million in the neighborhoods of Canopy Oaks and Woodlawn. Speculative home building, when a house breaks…

You need to earn at least $100,000 per year to afford a home in 27% of U.S. ZIP codes, but there are plenty of areas where $100,000 won't even scratch the surface. In these 18 metros, you need to earn at least $1 million to afford a median-priced home.

The annual report, a collaboration between Urban Land Institute and PricewaterhouseCoopers, is among the most anticipated real estate forecasts in the U.S. — and it paints a sunny year ahead for Tampa/St. Pete.