Tampa, Miami top home price hikes
Tampa and Miami have continued to top other metro areas across the country in home-price increases, according to an analysis released Tuesday. The Tampa area had a 35% price increase in June when compared to a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Tampa was followed by the Miami area at 33% and Dallas at 28.2%. Tampa and Miami also led other metro areas in April and May. They were the only areas of Florida included in the 20-market analysis.…Original Article
This is the third regional expansion for the national multifamily developer in under a year.
The company's 7,000-square-foot space will serve as a home base for the company's 120+ employees.
Adjustable-rate mortgages are more popular this summer than they've been since right before the Great Recession.
The industry group Florida Realtors released a report last week that said the median sales price for single-family existing homes in July was $412,303. Here were the median prices in the state’s metropolitan statistical areas:
St. Petersburg Mayor Ken Welch has released his version of a request for proposals to redevelop the Tropicana Field property — and this time, there's less land available to interested developers.
The council voted to increase the housing budget to support multiple projects in the South St. Petersburg Community Redevelopment Area.
Since the onset of the Covid-19 pandemic, record-high construction costs and delays have plagued the development and homebuilding industries — and while pricing has recently started to moderate, relief likely won't be felt until next year.
The Tampa-based companies will target apartments throughout the Sun Belt.
The move could shave two to three months off of a developer's time frame.