Entries by DomresRealEstate

St. Pete ranks in the top 25 best places for first-time homebuyers

First-time home buyers are struggling to find places to live within the ever-increasing housing market; however, a new report by SmartAsset shows one Tampa Bay city could be an ideal location for newcomers. SmartAsset, a financial technology company, compared 181 of the largest U.S. cities across 12 total metrics that span four categories: home market favorability, affordability, livability and employment. St. Petersburg ranked No. 20, a three-spot rise from last year, and was the only Florida…

Report: Tampa Bay is not in a housing bubble, but recession could be near

As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow do not believe the market is in a bubble. The latest survey polled more than 100 experts from academia, government and the private sector to seek a consensus opinion on the state of housing and the outlook. Sixty percent of respondents said they do not believe the U.S. housing market is currently in a bubble, compared to 32% who think the country is in a bubble; 8% said they were unsure. “Americans…

Developer closes on property for 15-story apartment tower near Tropicana Field

An Indiana developer has closed on the Tuxedo Court property near Tropicana Field, where it plans to build a 15-story mixed-use tower. A corporate entity linked to White Peterman Properties closed on the property on June 3 for $8.75 million, according to a deed filed in Pinellas County. Records show the entity also secured an approximately $6.46 million loan from Centier Bank. The tower, which will rise on the 1.15-acre lot at 720 Charles Court S, will include 260 residential units and 2,700 square…