Here are Tampa Bay’s million-dollar ZIP codes
The number of ZIP codes in the Tampa Bay area with typical home values over $1 million doubled from five in June 2021 to 10 in June 2022, according to the Zillow Home Value Index. Prior to 2021, there was only one, 34216 in Anna Maria, above that level, and none as recently as 2015. Sarasota and Pinellas counties are home to three of the 10, while Hillsborough and Manatee account for two each. Every ZIP code in the region saw its home values more than double over the last 10 years, with an average…Original Article
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning. The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier. This is the sixth-straight monthly decline and the lowest share…
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Housing inventory rose for the third consecutive month in July, as active listings were up 30.7%, according to a Realtor.com report. The report highlights that while buyers had nearly a third more for-sale home options in July than in the previous year, competition remained in favor of sellers, with listing prices near all-time highs and homes selling faster than before the start of the pandemic. “The U.S. housing market continues to move toward more evenly balanced supply and demand compared…
The construction industry's struggles to attract and retain labor have been well documented. But has the construction labor issue gotten better, worse or remained about the same since the pandemic? And what happens in the event of a recession?
The seller was able to acquire more units in the fractured condo after buying the bulk rental units in 2019.