The layoffs follow a significant drawback in demand for residential mortgages since the start of the year.
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Hurricane Ian is likely to place further strain on the shortage of building materials and construction labor in Florida.
Early estimates of damages to insured property put Ian only behind Hurricane Katrina in costliness.
Aerial photos showing seemingly random destruction in Ian's wake — a house still standing next to one that was washed off its foundation — can largely be attributed to construction codes that changed after Hurricane Andrew, real estate executives in Southwest Florida told the Tampa Bay Business Journal.
The company purchased 161 of 248 units at Harbourtowne at Country Woods.
The outlook for the property technology, or proptech, sector has become much bleaker this year after a record-setting 2021.
The home went on the market in June.
St. Petersburg has transformed from a sleepy retirement haven to a vibrant, artsy city home to top-tier restaurants and museums.
Real estate developers have long considered Central Avenue the “spine of St. Petersburg” — and with some big investments in the pipeline, there are more vertebrae to come.
One of the nation's largest homebuilders is walking away from some land purchases as new orders fall and cancellations rise.