Tampa’s new condos are mostly in the million-dollar range. Where does that leave millennials who are ready to buy — but want to stay downtown?
As Tampa developers venture back into condo projects — after a drought that lasted more than a decade — all of the proposals are at the very high end of the market. That takes downtown home ownership off the table for the majority of a demographic that's been key to the city's urban revitalization efforts: Educated millennials like Ashley Daniel, who commutes to her job as a web developer in New Tampa.Original Article
Tampa has been ranked the second-best city for first-time homeowners, according to a new survey from WalletHub. The recent report comes after 300 cities were compared based on market attractiveness, affordability and quality of life. Tampa had high scores in the categories of quality of life, which encompasses factors such as recreation, weather, job market and crime rate. Here's how Tampa ranked in individual categories: Affordability: 139 Real Estate Market: 4 Quality of life: 15 The only…
The return of condo construction is a bellwether for the overall real estate market, signaling confidence from lenders — on both the retail and commercial sides — as well as buyers.
Legislators passed HB 631 during the last session and now many are finding it difficult to interpret the law.
The developers known for pioneering projects in downtown Tampa's Channel district are moving forward with the neighborhood's first new condominiums in more than a decade: 35 stories of luxury units on Channelside Drive. Mercury Advisors has secured a $45 million development loan for Eleve 61, which will be built at 858 Channelside Drive on a .65-acre parcel that the developer has owned since 2006. The tower, once proposed as Del Villar, includes 61 units and has been designed for "urban professionals…
Company: Nationwide Title Clearing Inc. Location: Palm Harbor Industry: Document services for the mortgage industry How would you describe what your company does to a friend or family member who may not know? Nationwide Title Clearing Inc. is a research and document service provider in the residential mortgage industry for over 25 years. We provide services to most of the nation’s largest mortgage lenders, servicers and investors and our documents are recorded in over 3,600 county jurisdictions…
U.S. mortgage rates rose this week after dropping in most of the recent weeks, according to Freddie Mac. The 30-year fixed mortgage averaged 4.53 percent for the week ending July 12, up from 4.52 percent the previous week. A year ago, mortgage rates stood at 4.03 percent. Favorable mortgage rates have helped drive U.S. home sales and the refinance market. Sam Khater, Freddie Mac’s chief economist, said mortgage rates were mostly unchanged, but did tick up for the first time since early June. “The…
Survey respondents share how they spend and what concerns them financially.
Company: Highland Homes Location: Lakeland Industry: Home builder How would you describe what your company does to a friend or family member who may not know? We build dream homes. What are some key accomplishments/statistics your company has achieved in the past 12 months? Recognized as the No. 75 largest homebuilder in the nation on Builder Magazine's Builder 100 List (May 2018) Sold 715 homes in 2017, exceeded our goals for the year (Dec 2017). Closed 642 homes in 2017, a 12.6 percent…
When the Casper family's plans to convert a historic home on Bayshore Boulevard into a private social club were met with fierce opposition from some neighbors, the Caspers paused and reconsidered their plans. "We’ve taken a step back and thought about it: 'Is this really the right thing to do?' We weren’t expecting this much pushback," said Blake Casper, CEO of Caspers Co., the state's largest McDonald's franchisee. "Everybody — my wife, my sister, our attorneys, our architects has had their…