Report: Housing market set to rebalance, Zillow reports
As the housing market starts to rebalance, a report from real estate website Zillow shows that first-time homebuyers and sellers are unsure what the market will look like in the future. Nearly half of agents (46%) surveyed by the site say the biggest misconception among aspiring homebuyers is that home prices will significantly fall, while more than a third of agents (35%) say prospective buyers mistakenly think they should wait for high mortgage rates to come down. Zillow’s research predicts…Original Article
Even with a rapidly cooling housing market, homeowners across the U.S. are sitting on near-record levels of equity.
The Waterchase Apartments are located near Largo High School and the Teakwood Village mobile home park.
A Miami developer plans to build a $200 million mixed-use project in downtown Tampa’s Encore, adding apartments, hotel rooms and retail space to the urban district. LD&D said it will acquire the 2-acre parcel at 1101 E. Harrison St. from the Tampa Housing Authority, though a deed for the transaction has not yet been filed in Hillsborough County. On Oct. 18, city staff notified representatives for the developer that the proposal was approved to move forward. The project will include a 28-story,…
St. Petersburg developer Will Conroy sees plenty of demand for luxury single-family homes in the Sunshine City — even as a national recession looms. Conroy, founder of Backstreets Capital, owns 42 lots across the city in partnership with St. Pete-based Canopy Builders. By the end of 2023, nearly half of those will be built out: He plans to build 19 speculative homes ranging from $800,000 to $1.4 million in the neighborhoods of Canopy Oaks and Woodlawn. Speculative home building, when a house breaks…
Pinellas County Schools plans to build housing in an effort to help retain and recruit faculty and staff, and there’s already interest from teachers. The district filed a request for proposals for the development and management of a residential or mixed-use community at the school-owned site of the historic Tomlinson building, which is in the Mirror Lake District of downtown St. Petersburg. It is next to Mirror Lake Condominiums, which was previously St. Petersburg High School. “We looked…
You need to earn at least $100,000 per year to afford a home in 27% of U.S. ZIP codes, but there are plenty of areas where $100,000 won't even scratch the surface. In these 18 metros, you need to earn at least $1 million to afford a median-priced home.
The 26-unit townhome community is the latest residential project coming to St. Petersburg’s Innovation District.
The annual report, a collaboration between Urban Land Institute and PricewaterhouseCoopers, is among the most anticipated real estate forecasts in the U.S. — and it paints a sunny year ahead for Tampa/St. Pete.
Tampa Bay's commercial real estate scene is booming — and the Tampa Bay Business Journal's Best Real Estate Deals will honor the industry's top projects and the people behind them.