Sarasota apartment sale sets record price per unit
The deal was completed before the current interest rates started to run, which allowed for the record-setting deal.
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The deal was completed before the current interest rates started to run, which allowed for the record-setting deal.
A large apartment complex on the Westshore waterfront has been sold to a Dallas investment firm.
The county approved funding for Class A office space the developers intend to build on the site.
Wednesday's ceremony wasn't just about luxury development: Kolter Urban has also significantly upped its contribution to workforce housing in St. Petersburg.
Tampa Bay led all metros in Florida for the proportion of home sales in May.
Adjustable-rate mortgage applications hit a 14-year high of 11% of total mortgage applications in May, according to a Mortgage Bankers Association report. ARMs, which played a central role in the 2008 housing market collapse, are trending upward in Tampa Bay alongside rising interest rates, but they aren’t a reason for concern, according to Bank of Tampa Pinellas Market President Owen LaFave. “The product has changed a lot since the last [economic] cycle. It’s not as risky,” LaFave told…
A home on the Davis Islands waterfront is listed for sale at $16 million — a price tag that puts it at the top of Tampa Bay's luxury market.
Florida Business Minds is a weekly podcast from the Florida Business Journals, featuring interviews with leaders around the Sunshine State.
Mortgage costs, skyrocketing home prices and interest rate hikes have made mortgages the least affordable since the Bush administration. Nationally, mortgage rates have increased by nearly 6% in early June. The data shows that a new purchase of a typical U.S. home at this rate would mean monthly mortgage payments of $2,127, which is 51% higher than a year ago and up 36% year to date. “Mortgage rates took an unprecedented leap skyward over the past two weeks and quickly multiplied housing costs…
This is the most expensive waterfront boating property sale in the last year around the Siesta Key area.