Tampa expands eligibility for home down payment assistance program
The city of Tampa has expanded its eligibility requirements for the "Dare to Own the Dream" homeownership program. First-time homebuyers participating in the program can now purchase a home valued at up to $300,000, a reflection of the rising costs of real estate. The cap was previously $240,000. "That ceiling is not reasonable any longer," Mayor Jane Castor said at a Monday press conference. The city also increased the maximum loan amount for those living on 0% to 50% of the average median…Original Article
Some regions of the United States are digging out of a blizzard but the January housing market in 2022 has been the hottest on record.
The median sale price of homes in the Tampa Bay area increased more than 25% in all three local MSAs in 2021, according to Florida Realtors.
Apartment sales that closed in 2021 show that multifamily investors see no end in sight for Tampa Bay's rising rents.
"I think it's been maybe 30 years since there's been any real development there," the South Florida developer behind the project told the Business Journal.
The single-family rental market has exploded since the beginning of the Covid-19 pandemic.
Inspections would be required for many condominium buildings and other multifamily residences statewide under “minimum” steps lawmakers are considering in response to last year’s deadly Champlain Towers South collapse in Miami-Dade County.
The Palma Ceia condo tower has hit another key milestone.
The number of homes that sold for $5 million and up more than tripled from 2020 to 2021, according to Tampa Bay Business Journal research.
Purpose-built rental housing is expected to see its most prolific year ever, with nearly 14,000 new units set to open this year, according to a recent study. That'll surpass last year's record-breaking delivery of 6,740 new build-to-rent homes.