Condo collapse raises concerns about resales in older buildings
Buyers may demand more due diligence before closing on older condo units.Original Article
Archive for month: June, 2021
Mortgage servicers can soon resume foreclosure proceedings. But there are limitations.
The new foreclosure rules come after the CDC announced a final eviction moratorium extension. The changes could have major implications for residential and commercial real estate. Here's what borrowers and landlords need to know about each recent change.Original Article
Covid-19 fueled a hot housing market. But home flippers are feeling the squeeze.
The return on flipping houses has fallen in most major metros, but there are still some places where flippers can make substantial profits.Original Article
Penny for Pinellas funding will increase affordable housing in the county
The Pinellas County Board of County Commissioners has approved funding for four affordable housing projects from the Penny for Pinellas fund. Penny for Pinellas, the primary funding source for governmental capital projects in the county, will bring hundreds of new homes to the community, according to a Wednesday release. In total, the county has committed $23.4 million to produce 1,197 housing units, of which 73% qualify as affordable, according to the release. “The investment supports the county’s…Original Article
Business of Pride: Gabe Alves, voice honoree
Gabe Alves is an immigrant to this country and a proud gay man. These two things have given him a unique insight into the world and have inspired him to do what he can to make a positive impact on it. Alves is a Realtor who uses his job to not just help people find a home, but to connect with them and make them part of his "family." He shares, “I absolutely love bringing people together, and through that, I believe that walls can come down. The people who differ from us, they become less frightening,…Original Article
Home affordability decreases in Tampa metro area alongside national trends
While low mortgage rates have helped affordability, prices shot up too much to maintain historic affordability levels, according to a new report.Original Article
Virage Bayshore penthouse sells for nearly $7 million
The sale is a near-record price per square footOriginal Article
Exclusive: Lennar’s Tampa division president to step down
Mark Metheny is stepping down after nearly two decades with the national homebuilder.Original Article
Exclusive: Waterfront Davis Islands home sells for $12.5 million
The buyer is a member of one of Tampa Bay's most prominent families.Original Article
Exclusive: Historic church in St. Pete’s Old Northeast sold for potential adaptive reuse
The local investor has a few potential ideas to redevelop the church, which received historic landmark designation in 2020.Original Article