Davis Islands home listed for sale at $16 million (Photos)
A home on the Davis Islands waterfront is listed for sale at $16 million — a price tag that puts it at the top of Tampa Bay's luxury market.Original Article
Archive for month: June, 2022
Podcast: OneWorld Properties’ Peggy Olin on tapping foreign buyers, the impacts of Covid-19 and housing market shifts
Florida Business Minds is a weekly podcast from the Florida Business Journals, featuring interviews with leaders around the Sunshine State.Original Article
As mortgage rates continue to rise, housing affordability hits a 15-year low in Tampa Bay
Mortgage costs, skyrocketing home prices and interest rate hikes have made mortgages the least affordable since the Bush administration. Nationally, mortgage rates have increased by nearly 6% in early June. The data shows that a new purchase of a typical U.S. home at this rate would mean monthly mortgage payments of $2,127, which is 51% higher than a year ago and up 36% year to date. "Mortgage rates took an unprecedented leap skyward over the past two weeks and quickly multiplied housing costs…Original Article
Waterfront home in Siesta Key sells for a record price (Photos)
This is the most expensive waterfront boating property sale in the last year around the Siesta Key area.Original Article
Clearwater picks development team to overhaul downtown waterfront site
The mixed-use proposal for the city-owned waterfront properties will go before voters in November.Original Article
Florida metros rise in the ranks of the most expensive for homebuyers
All four Florida metros ranked in the top 10 in year-over-year increase in listing prices in May, according to Realtor.com. Median listing prices increased 45.9% in Miami-Fort Lauderdale-West Palm Beach compared to May 2021, landing it at the top of the list of the 50 largest metro areas in the country. Orlando ranked at No. 3 with a 32.4% increase, followed by Tampa at 30.6% and Jacksonville at 26.2%. When ranked by median listing price, all four Florida metros now rank in the top 25, with Miami…Original Article
Homelessness increases as Tampa Bay’s affordable housing crisis continues
Hillsborough County has seen a 4% increase in its population of unsheltered people and families since the Covid-19 pandemic.Original Article
Investors are buying fewer homes than pandemic peak, but their share continues to grow amid changing housing market
Rising mortgage rates are moving the housing market in a new direction since the onset of the Covid-19 pandemic-induced boom.Original Article
Developer plans 20-story apartment tower in St. Pete
“There are some highly desirable places to live in the country, and St. Pete is becoming one of those,” the developer said.Original Article
St. Pete apartment developer expands to Jacksonville area with Clay County deal
The St. Pete-based real estate investment firm has purchased a 22.5-acre property in Middleburg.Original Article