Renters are now the majority in these two Tampa ZIP codes for the first time in a decade

The dream of owning a home is being traded for renting for the first time in 55 years. The latest report from Rentcafe found that renting in the U.S. is at the highest level in half a century, with 43.7 million households living in rentals. For this study, RentCafe looked at renters and owners in 1,553 ZIP codes with a minimum population of 1,000 in 2011 and 2020 across the 50 largest U.S cities. It found 101 ZIPs nationwide that switched from a homeowner to a renter majority from 2010 to 2020. Tampa…Original Article

Here are the Tampa Bay counties attracting the most people

Since the Covid-19 pandemic, Tampa Bay has been a popular destination. See where people are moving to the most.Original Article

Ranked: 30 housing markets where values are cooling the fastest — or even declining

The national housing market slowdown has been one of the headlining stories of 2022, after a spike in mortgage rates in the spring turned the heat off what had been historic price growth and buyer demand through most of the pandemic.Original Article

Gen Z expected to face affordability barriers as they enter housing market

Affordability is the signature challenge of today's housing market — even now, as home prices are being slashed across the country, the hurdles to purchasing a house as a first-time buyer remain high.Original Article

Miami, Tampa top home price hikes

The report pointed to a “deceleration” in housing prices.Original Article

18-story luxury condo tower tops out in Sarasota

Developer Kolter Urban has topped off Bayso Sarasota, a luxury condominium in The Quay Sarasota Waterfront District. The 18-story tower is located at 301 Quay Commons. It will bring 149 residences to Sarasota’s Arts and Culture District. Bayso is Kolter’s fourth tower in downtown Sarasota. It sold out in 2022, less than a year after its launch. Bob Vail, president of Kolter Urban, said the project has experienced “overwhelming sales success.” The project is expected to be completed in the…Original Article

Report: Tampa Bay housing prices up 70% since 2019

Although the housing market is cooling across the nation, home prices in the Tampa Bay area are still far higher than before the pandemic, according to the latest Zillow report. Home sales are slowing down as rising mortgage rates drive up monthly payments. The data shows that newly pending listings nationwide are down 18% from August and 29% since 2021 across the U.S. as affordability challenges mount. Homes in Tampa Bay saw a typical home value of $391,114, a 0.2% decrease since August, but…Original Article

Clearwater condo project ‘exceeds expectations’ in sales

A Clearwater developer is seeing an increase in demand for luxury living and believes Pinellas “still has much to give.”Original Article

St. Petersburg allocates $20 million for affordable housing

St. Petersburg City Council has approved allocating more than $20.3 million in American Rescue Plan Act funds to six affordable housing projects. In total, 483 affordable units will be delivered via seven projects — six of which will receive ARPA funds. The seventh project will receive support from the Housing Capital Improvement Fund. The affordability period ranges from approximately 40 to 99 years for the different developments. Rising costs from inflation and ongoing supply chain issues have…Original Article

Sarasota apartment land once considered ‘undevelopable’ finds a buyer

An apartment developer has paid $9 million for a shovel-ready development site in Sarasota.Original Article