As inflation soars, Tampa Bay ranks among the worst in the nation for affordability
Tampa Bay's home values — one factor in a metro's affordability — continue to climb even as the nation's average remains flat.
Author Archive for: DomresRealEstate
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Florida Housing Coalition: Sadowski affordable housing funds to surge in 2023
A key source of funds for Florida affordable housing initiatives is expected to get a big bump next year.
Foundation work for Pendry Tampa’s hotel-condo tower to begin by year end
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…
Mortgage lender adds to layoffs at Clearwater office
The national mortgage lender has slashed more than a third of its workforce this year.
By the numbers: October housing prices in Florida
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:
Tampa developer sees opportunity in luxury townhouses
A Tampa developer is moving forward with two luxury townhouse projects that he says fill a need in Tampa's residential real estate market.
Land deal sets stage for hundreds of new apartments in Spring Hill
A developer that's been active in the Tampa area in recent years is planning a new project in Hernando County.
Where the iBuying model goes after rapidly slowing housing market
The rapid cooldown of the U.S. housing market starting this summer has made the direct-homebuying business model known as iBuying a lot more challenging.
Gulf front home in Longboat Key sells for $11.5M (Photos)
A beachfront home on the Gulf of Mexico has sold for $11.5 million, becoming the third highest-priced residential sale in Longboat Key's history and the second-highest this year. The 10,000-square-foot home is located at 3105 Gulf of Mexico Drive and features expansive windows, an elevated spa, a waterslide and a rooftop deck. Team Dunn of Michael Saunders & Co. represented the buyers in the sale, which was the highest-priced sale for an agent affiliated with the company’s Siesta Key office. The…
Davis Islands property that already set one record this year sets another in $9M sale
A waterfront lot on Davis Islands has sold in an off-market, record-setting deal — marking the second time this year that the property set a new high benchmark for residential land in the Tampa Bay market. The vacant lot at 202 Blanca Ave. sold for $9 million to Christian Michalik on Nov. 9, according to Hillsborough County property records. Michalik, the managing director of Kinderhook Industries, was chairman of WellCare Health Plans before it was acquired by Centene. The seller was a Colorado…