Edge district project in St. Pete gets $3M in county funding for office space
The county approved funding for Class A office space the developers intend to build on the site.
Author Archive for: DomresRealEstate
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With a hat tip from Welch, 42-story Art House condos break ground in downtown St. Pete
Wednesday's ceremony wasn't just about luxury development: Kolter Urban has also significantly upped its contribution to workforce housing in St. Petersburg.
Report: Tampa home prices continue to rise, up over $413K
Tampa Bay led all metros in Florida for the proportion of home sales in May.
Adjustable-rate mortgage applications rise in Tampa Bay alongside climbing interest rates
Adjustable-rate mortgage applications hit a 14-year high of 11% of total mortgage applications in May, according to a Mortgage Bankers Association report. ARMs, which played a central role in the 2008 housing market collapse, are trending upward in Tampa Bay alongside rising interest rates, but they aren’t a reason for concern, according to Bank of Tampa Pinellas Market President Owen LaFave. “The product has changed a lot since the last [economic] cycle. It’s not as risky,” LaFave told…
Davis Islands home listed for sale at $16 million (Photos)
A home on the Davis Islands waterfront is listed for sale at $16 million — a price tag that puts it at the top of Tampa Bay's luxury market.
Podcast: OneWorld Properties’ Peggy Olin on tapping foreign buyers, the impacts of Covid-19 and housing market shifts
Florida Business Minds is a weekly podcast from the Florida Business Journals, featuring interviews with leaders around the Sunshine State.
As mortgage rates continue to rise, housing affordability hits a 15-year low in Tampa Bay
Mortgage costs, skyrocketing home prices and interest rate hikes have made mortgages the least affordable since the Bush administration. Nationally, mortgage rates have increased by nearly 6% in early June. The data shows that a new purchase of a typical U.S. home at this rate would mean monthly mortgage payments of $2,127, which is 51% higher than a year ago and up 36% year to date. “Mortgage rates took an unprecedented leap skyward over the past two weeks and quickly multiplied housing costs…
Waterfront home in Siesta Key sells for a record price (Photos)
This is the most expensive waterfront boating property sale in the last year around the Siesta Key area.
Clearwater picks development team to overhaul downtown waterfront site
The mixed-use proposal for the city-owned waterfront properties will go before voters in November.
Florida metros rise in the ranks of the most expensive for homebuyers
All four Florida metros ranked in the top 10 in year-over-year increase in listing prices in May, according to Realtor.com. Median listing prices increased 45.9% in Miami-Fort Lauderdale-West Palm Beach compared to May 2021, landing it at the top of the list of the 50 largest metro areas in the country. Orlando ranked at No. 3 with a 32.4% increase, followed by Tampa at 30.6% and Jacksonville at 26.2%. When ranked by median listing price, all four Florida metros now rank in the top 25, with Miami…