House hunters are increasingly going up against hedge funds in a hot housing market
The buyer you're competing with for that house might just be a hedge fund. But it's not always great news for sellers. Here's why.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
In many hot housing markets, cash is still king
Even though the housing market is showing some signs of cooling, cash remains king in many metro areas.
Appeals court overturns beach access ruling in Pinellas County
A federal appeals court on Friday overturned a ruling that backed waterfront property owners in a battle with a Pinellas County town about public beach access. The decision by a panel of the 11th U.S. Circuit Court of Appeals focused, in part, on a highly controversial 2018 Florida law that put restrictions on what is known as “customary use” of beaches. The panel said U.S. District Judge James S. Moody should not have granted summary judgment to a group of property owners in Redington Beach…
Here are the best cities for remote workers
Remote work for millions of workers is here to stay, and a new study shows which cities have all the qualities needed for a new, mobile remote workforce. Marketing firm Higher Visibility crunched the numbers around average rent, house prices, happiness indicators, broadband availability, wifi hotspots, green space and even the number of coffee shops to find out which cities, large and small, are best for remote workers. For cities under 1 million people, St. Petersburg, Florida, tops the list.…
The number of homes selling for more than $500K above asking more than tripled in Q2 2021
Data from Zillow shows over 1,600 homes sold for at least $500,000 above asking price nationally in the second quarter.
Exclusive: Odessa equestrian estate sells for $7.5 million
The aggregate sales price is a record for Odessa.
Lightning’s Steven Stamkos sells Davis Islands home in near-record deal
It is the third-highest sale in Hillsborough County history and is the latest in a string of headline-making home sales on Davis Islands.
Overheated real estate market begins to cool
Economists say there are some signs the housing market is starting to cool.
Housing vacancy rates nationwide have fallen. These areas saw the biggest decreases.
Out of about 140.5 million housing units across the United States, about 9.7% are vacant — down from the 11.4% seen in 2010, according to new data from the U.S. Census Bureau. That is still higher than the overall vacancy rate was in 2000, when it was about 9%, according to the data. The states with the largest drops in vacancy rates were Nevada, which fell from a 14.3% vacancy rate to 8.1%, along with Arizona, which fell from 16.3% to 12.2% and Florida, which fell from 17.5% to 13.5%. To be…
Tampa Bay rent affordability expected to drop by end of 2021
Mortgage payments are expected to take up a bigger chunk of homeowners' income across the country and in Tampa Bay by December.