New York investor buys prime downtown St. Pete lot

A parking lot approximately one block from Mirror Lake in downtown St. Pete was sold.Original Article

First of its kind affordable housing development approved in St. Pete

This development — which will be entirely made up of affordable and workforce housing — is the first to be approved under the new ordinance that allows affordable housing projects to be built in non-residential zoned areas.Original Article

Here’s how the March housing market fared and what’s on the horizon

More of the same was delivered in the U.S. housing market last month, with March 2022 being the hottest market on record.Original Article

A church appears to have purchased Bucs co-owner’s former Avila home

A Michigan church appears to be the buyer of a palatial Avila estate sold by Tampa Bay Buccaneers co-owner Darcie Glazer Kassewitz and her husband. A deed filed Wednesday in Hillsborough County shows that the Kingdom of God Global Church in Taylor, Michigan, paid $8.3 million for the 28,893-square-foot main house and a 2,620-square-foot guest house. The church also secured a $4.9 million mortgage from an entity linked to Miami Beach-based Crosby Capital. The church's address on the mortgage is…Original Article

Report: Tampa Bay residents support affordable housing measures

The research team surveyed 12,000 people in 26 metro areas.Original Article

Apartment sales boom as investors continue to focus on Pinellas County

A New Jersey-based private equity firm purchased apartments in Tarpon Springs on March 30 and a private investor purchased the Genesis Apartments in Clearwater.Original Article

Overheated housing market’s recent casualty — mortgage companies. But wider impact looms.

We live in interesting times, for sure. When the inflation number comes in at 8.5 percent higher than last year, and the highest since 1981, we sit back and say — that was expected. But what may not be expected is the ripple effect on the economy.Original Article

Tampa Bay area ranks No. 3 for places to relocate in the U.S.

Skyrocketing home prices and rising mortgage rates have made relocating to a more affordable area the only viable option for some prospective homebuyers. New data by the realty company Redfin shows people were on the move during the first quarter. The company’s report shows that 32.2% of people using its website were looking to relocate to a different metropolitan area, that's up from 31.5% a year earlier and up significantly from 26% in 2019, before the coronavirus pandemic. The Tampa-St. Petersburg-Clearwater…Original Article

Home prices are soaring. What’s that mean for property taxes?

It's not unusual for tax-assessed values to lag behind market trends, whether home values are going up or down.Original Article

St. Pete condo developer closes on site for $4.95 million

The developer of the Reflection Condominiums has purchased property from BridgePoint Church.Original Article