Archway Partners nears construction milestone for affordable housing project in Largo
The company is building 96 affordable housing units on Seminole Boulevard.Original Article
Tampa Bay home equity continues to increase, despite home prices declining
Tampa Bay homeowners saw the value of their homes increase over the last two years, with historic growth over the past few years. Real estate data platform ATTOM released its quarterly home equity report to see which states had the largest share of equity-rich homeowners in the third quarter of 2022. Despite the growth in home prices slowing in the second half of last year, most American homeowners still saw home equity increase. Households are considered equity rich, or "house rich," when the…Original Article
Newly built St. Pete studio apartments sold, to become short-term rentals
DevMar Development has sold The Metro, a newly built 100-unit residential project in St. Petersburg’s Edge district, for $28.2 million. Mark DeMaria, CEO of St. Pete-based DevMar, confirmed to the Tampa Bay Business Journal that the seven-story building was sold to a private investment firm, which has offices throughout the U.S. and London, Luxembourg. Jad Richa, managing director of Capstone Apartment Partners Florida, was the broker for the transaction. According to Richa, the sale price was…Original Article
Top floor penthouse at The Grande on Sand Key sells for $5 million
The penthouse has panoramic views on Sand Key.Original Article
Miami, Tampa atop home price increases
While home prices are decreasing, Miami and Tampa Bay are still among the top in the nation.Original Article
Are buyers already coming back into the housing market?
Since the start of the new year, there's indications buyers may be — albeit slowly — reentering the housing market, owing in part to mortgage rates that've stabilized since 2022's volatility.Original Article
The Residences at 400 Central developer says ‘everything is a go’ for St. Pete tower
The New York developer came to town on Saturday and hinted that availability — both for residences and office space — is quickly running out.Original Article
Blue Sky Communities to break ground on $27M affordable apartment complex in Winter Haven
The Central Florida city is expected to see 88 new units for those earning less than 80% of area median income.Original Article
St. Pete church proposes residential development
Palm Lake Christian Church has plans to transform the vacant portion of its property on 22nd Avenue N into a residential development. The church at 5401 22nd Ave. N filed a site plan with the city of St. Petersburg that shows plans for a three-story building on the northeast side of the property designed as housing for those living with disabling conditions. It will have a total of 72 beds. The church also wants to build 14 one-story casitas — or garden cottages — on the property’s northwest…Original Article
Report: Record amount of households looked to relocate out of their metro area in Q4
Despite a much cooler housing market, a higher percentage of people looking to buy a home in the fourth quarter were seeking to purchase outside of their metro area, suggesting relocation trends remain strong nearly three years after the pandemic's onset.Original Article