Tampa partnership buys Town ‘n’ Country apartments for $44.4 million
The apartments are in 31 buildings spread out over 25 acres.Original Article
Archive for month: July, 2019
Steve Yzerman’s Bayshore condo sold to new owner (Photos)
Hockey's ultimate captain has sold off his Tampa condo. Steve Yzerman, who officially parted ways with the Tampa Bay Lightning at the end of the 2018-19 season, and his wife, Lisa, sold their Bayshore Boulevard condo for the list price of $1.695 million on Thursday, according to the Multiple Listing Service. The condo, which was 3,316 square feet, hit the market in June. Jennifer Zales of Coldwell Banker Residential Real Estate, who also sold Yzerman's house on Davis Islands, was the listing agent.…Original Article
US new home sales rise in June but prior months revised lower
Sales of newly built homes in the US rebounded in June, rising by the most in five months, but downward revisions to previous months highlighted sluggishness in the housing sector during the key spring selling season.Original Article
TurnKey, Amazon’s new service with nation’s largest residential real estate company, comes to Tampa
TurnKey is available in 15 cities, including Tampa.Original Article
Report shows home affordability in Tampa has improved slightly, remains below historical median
While home affordability in the Tampa area has improved slightly in the past year, homes are expected to stay unaffordable until the next possible recession. A new report from John Burns Real Estate Consulting shows that 57 percent of Tampa metro households are able to buy an existing entry-level home with a 5 percent down payment. An entry-level home in the Tampa metro area costs $172,400, which is 20 percent beneath the median home price of $215,500. Homes have become more affordable than last…Original Article
Tampa Bay home prices outpace income
Earnings in Tampa Bay are simply not keeping up with housing prices. According to a report from ATTOM Data Solutions, average earnings in Hillsborough, Pinellas and Pasco counties fall considerably short of the annual income required to buy a house, based on a 28 percent front end debt-to-income ratio and 3 percent down. The average resident in Hillsborough County earns slightly more than $54,000, compared to a required annual income (for a house) of $58,258. In Pinellas County, the average income…Original Article
Water Street Tampa developer switches general contractors for two apartment towers in first phase
Two construction companies that were originally awarded buildings in Water Street's first phase are now building the apartment towers.Original Article
Gentrification ‘benefits local residents’, research finds
Gentrification is more beneficial for the original residents of a neighborhood than previously thought, according to a new study of fast-improving city neighborhoods across the US.Original Article
Tampa Bay’s mortgage delinquency rate has dropped
More Tampa Bay homeowners are keeping up with their mortgages. According to a loan performance insights report from CoreLogic, this past April, the mortgage delinquency rate in the Tampa-St. Petersburg-Clearwater metropolitan area, 3.9 percent, was 2.4 percentage points lower than it was in April 2018, when it was 6.3 percent. The serious delinquency rate decreased, too. This rate — which measures payments that are 90 days or more past due, including loans in foreclosure — also decreased by…Original Article
Outback Steakhouse founder swaps mansions with hedge fund boss
J. Timothy Gannon, the co-founder of Outback Steakhouse and Tampa-based Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin. Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home at 235 Nightingale Trail to Gannon for $5.76 million. The listing agent for the home at 1300 N. Ocean Blvd.…Original Article