Miami and Tampa topped other metro areas in home-price increases in September when compared to a year earlier, according to an analysis released Tuesday. Here are year-over-year increases for 20 areas of the country:Original Article
Habitat for Humanity of Pinellas and West Pasco Counties is breaking ground on a 10-unit townhome development in South St. Petersburg. In partnership with Exact-Shell Dash LLC and the city of St. Petersburg, the organization will bring the townhomes to the 16th Street Business Corridor, bordering the Campbell Park Neighborhood. Mike Sutton, president and CEO of Habitat for Humanity of Pinellas and West Pasco Counties, said Habitat’s primary focus is to “serve families through affordable homeownership…Original Article
A New York developer who bought a vacant block in downtown Tampa earlier this year is moving forward with a mixed-use project on the property. Silverstein Properties, which paid $19.75 million for the .78 acres at 505 E. Tyler St., has submitted plans to the city for a 450-unit residential building with 11,500 square feet of amenity space and 9,430 square feet of commercial space on the ground floor. The initial filing did not specify the tower's height. Kimley-Horn is the engineer on the project. Representatives…Original Article
A new report from real estate company Zillow highlights that Americans are feeling the widening gap between wage growth and rent growth compared to before the pandemic. According to the data, renters need to clock in an additional six hours a month since before the pandemic to make their monthly payments. Nationally, Americans who make an average hourly wage must work close to 63 hours before earning enough to cover typical monthly rents that average $2,040. In Tampa Bay, the average worker would…Original Article
Developers have until Friday to respond to Mayor Ken Welch's request for proposals for the 86-acre site.Original Article
Tampa Bay's home values — one factor in a metro's affordability — continue to climb even as the nation's average remains flat.Original Article
A key source of funds for Florida affordable housing initiatives is expected to get a big bump next year.Original Article
Pendry Tampa, the 37-story hotel-condo proposed on the downtown Tampa waterfront, could be under construction by year’s end. Buyers who have reserved Pendry-branded residences in the tower learned this week that “heavy equipment is scheduled to arrive on site before New Year’s to begin drilling pilings for the tower foundation,” Two Roads Development told the Tampa Bay Business Journal. Moss Construction is the general contractor on the project. South Florida-based Two Roads said it has…Original Article
The national mortgage lender has slashed more than a third of its workforce this year.Original Article
The industry group Florida Realtors on Friday released a report that said the statewide median sales price for single-family existing homes in October was $401,990. Here were the median sales prices by metropolitan statistical area:Original Article