Report: Tampa Bay is not in a housing bubble, but recession could be near
As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow do not believe the market is in a bubble. The latest survey polled more than 100 experts from academia, government and the private sector to seek a consensus opinion on the state of housing and the outlook. Sixty percent of respondents said they do not believe the U.S. housing market is currently in a bubble, compared to 32% who think the country is in a bubble; 8% said they were unsure. “Americans…Original Article
The skyrocketing cost of housing is a full-blown crisis in the Tampa Bay area. As businesspeople, it’s our responsibility to do something about it, the author writes.
It will be one of the tallest residential towers in St. Petersburg.
U.S. mortgage lending activity continued its descent in the first quarter of 2022.
The Residences at Town Center is the next phase of Bill Karns' plan to invest in Madeira Beach.
Congregation Rodeph Sholom is staying put on Bayshore Boulevard, and the deal guarantees that the synagogue will have a visible presence in South Tampa for decades to come, the synagogue president said.
An Indiana developer has closed on the Tuxedo Court property near Tropicana Field, where it plans to build a 15-story mixed-use tower. A corporate entity linked to White Peterman Properties closed on the property on June 3 for $8.75 million, according to a deed filed in Pinellas County. Records show the entity also secured an approximately $6.46 million loan from Centier Bank. The tower, which will rise on the 1.15-acre lot at 720 Charles Court S, will include 260 residential units and 2,700 square…
A home built by Tampa's Lykes family is on the market after an extensive renovation by a local developer. The home at 4707 Bayshore Blvd. is listed for sale at $6.995 million by The Hughes Shelton Group with Compass. Steven Anthony Luxury Homes paid $3.75 million for the home in July 2021. The renovations were designed by Enrique Crespo. “We are thrilled to bring this iconic estate to market," Jeff Shelton, principal agent, said in a statement. "The developer and design team did an amazing job…
Last month may go down as a turning point in the red hot housing market since the coronavirus pandemic's start. A new report from real estate listings website Realtor.com found that the number of new listings to hit the market last month rose for the first time since June 2019 nationwide. As a result, May home shoppers had 8% more active listings to scroll through than they did last year. In Tampa Bay, new listings increased by 11.2% year-over-year with a median price of $437,000, a 30% increase…
The targeted site is on a small inlet near Edgewater Drive Park in Clearwater.