Here’s what economists are predicting for the US housing market in 2023
The level of uncertainty and volatility in key housing-market metrics has economists and forecasters predicting divergent outcomes for the 2023 housing market.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Stamkos sells waterfront Davis Islands lot for $8 million
Tampa Bay Lightning captain Steven Stamkos has sold off a waterfront lot on Davis Islands for $8 million in an off-market transaction. Stamkos and his wife, Sandra, paid $5.4 million for 210 Blanca Ave. in December 2021. There was a 1960s-built home on the property that has since been demolished. Ally Russell of Keller Williams Tampa Central represented the buyer in the transaction. “Davis Islands continues to be one of the strongest markets to invest in Tampa Bay,” Russell said. “These record-breaking…
Attorney General accuses brokerage of ‘swindling’ hundreds of Tampa Bay homeowners
The attorney general claims the firm's predatory scheme swindled hundreds of Hillsborough County homeowners, and thousands more throughout the state.
Alabama realty firm acquires Tampa’s Rent it Network
These acquisitions involve three of eight companies that were absorbed within the last six months.
Two Longboat Key properties set sales records (Photos)
One home features five bedrooms, five-and-one-half bathrooms, two offices, multiple terraces, a waterfront pool and spa, and a five-car garage.
By the numbers: Home price hikes in Tampa
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:
Habitat for Humanity to break ground on St. Pete townhomes
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…
New York developer moves forward with apartments near downtown’s Floridan hotel
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…
Here’s how many hours Tampa Bay workers need to work to afford rent
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…
As Trop RFP deadline nears, Sugar Hill unveils its affordable housing plans for bid
Developers have until Friday to respond to Mayor Ken Welch's request for proposals for the 86-acre site.