Author Archive for: DomresRealEstate

The Tampa Bay housing market is hot as ever, and a new report from real estate company RE/MAX suggests this won't change anytime soon. The data shows the Tampa metro area is home to the second-largest year-over-year price increase for house sales from March 2021 to March 2022. Median home prices rose from $275,000 to $355,000 over the course of the year, a 29.1% increase trailing only Billings, Montana, which saw a 31.2% increase during this same period. According to the data, homes also spent…

This development — which will be entirely made up of affordable and workforce housing — is the first to be approved under the new ordinance that allows affordable housing projects to be built in non-residential zoned areas.

A Michigan church appears to be the buyer of a palatial Avila estate sold by Tampa Bay Buccaneers co-owner Darcie Glazer Kassewitz and her husband. A deed filed Wednesday in Hillsborough County shows that the Kingdom of God Global Church in Taylor, Michigan, paid $8.3 million for the 28,893-square-foot main house and a 2,620-square-foot guest house. The church also secured a $4.9 million mortgage from an entity linked to Miami Beach-based Crosby Capital. The church's address on the mortgage is…

A New Jersey-based private equity firm purchased apartments in Tarpon Springs on March 30 and a private investor purchased the Genesis Apartments in Clearwater.

Skyrocketing home prices and rising mortgage rates have made relocating to a more affordable area the only viable option for some prospective homebuyers. New data by the realty company Redfin shows people were on the move during the first quarter. The company’s report shows that 32.2% of people using its website were looking to relocate to a different metropolitan area, that's up from 31.5% a year earlier and up significantly from 26% in 2019, before the coronavirus pandemic. The Tampa-St. Petersburg-Clearwater…