Nationally, renters are paying 30% of their income on housing. In many places, they’re paying more.

Across the U.S., the typical household devoted 29.7% of its income to lease a typical rental home last month. That's up from 24.8% in February 2021, showing how much rents have risen in a year's time.Original Article

MacKenzie Scott donates $18.5M to two Bay area Habitat for Humanity chapters

Billionaire philanthropist MacKenzie Scott's nationwide donation of over $400 million to Habitat for Humanity International includes two Tampa Bay area chapters.Original Article

South Florida developer gets approval for $100M mixed-use project in St. Pete Beach

The Corey Landing project will fill in the vacant nearly 4-acre parcel on Corey Avenue with residential units, a waterfront restaurant, public park and retail space.Original Article

February was hot for luxury real estate sales in Tampa Bay

High-end homes in the Tampa metro area spend an average of nine days on the market.Original Article

How rising interest rates, war in Ukraine are being factored in to residential, commercial real estate industries

Last week, the Federal Reserve approved an interest-rate hike for the first time since 2018, a widely anticipated move and, likely, the first of several increases this year.Original Article

Report: Did your house make more money than you did last year?

Depending on where you live and your salary, your house may've made more money than you did in the red-hot housing market of 2021.Original Article

Shipping container homes coming to downtown St. Pete

A new developer has taken over a project first proposed in 2021 — and the shipping container homes could be one solution to St. Pete's affordable housing crisis.Original Article

Historic Pass-a-Grille apartments, once slated for redevelopment, sold to new owner

A historic Pass-a-Grille Beach apartment building — which a developer once proposed knocking down to build a controversial hotel — has been sold to a new owner who is planning minor renovations to the property. The nine-unit apartment building on Eighth Avenue, once considered for the development of a project known as Holloway Hotel, has sold to 102 8th Avenue LLC for $4.4 million, according to Pinellas County property records. It was built in 1925, and the sale price breaks down to approximately…Original Article

Nominations are now open for the 2022 Who’s Who in Residential Real Estate

The honorees will be featured in the May 20th edition of the Tampa Bay Business Journal.Original Article

Red Apple Real Estate to restore historic 98-year-old pedestal clock at The Residences at 400 Central

The clock was first installed on the downtown St. Petersburg site in 1924 and has been sitting on the corner of Central Avenue and Fifth Street since 1978.Original Article