Housing is already in a slump. So it (probably) can’t cause a recession.
The United States may or may not enter a recession this year, but if it does, housing is unlikely to be the cause, because it never really recovered in the first place.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Tampa seeks developers for 18 acres in West River area
The city of Tampa is seeking proposals from developers for 18 acres of publicly owned land west of the Hillsborough River. The city on Tuesday issued a request for proposal for the site, which is south of Columbus Drive and north of Spruce Street. It is immediately adjacent to the 44-acre former public housing site that Related Group and Tampa Housing Authority are redeveloping in a joint venture. (The parcels are at 2609 N. Rome Ave. and 2301 N. Oregon Ave.; see image above for specific location.) “Mixed-use…
US home builder confidence hits four-month high
A brisk run-up in mortgage rates, combined with elevated pricing and a limited number of homes listed for sale, damped the U.S. housing market in 2018. But in recent months, home builders’ confidence has grown again.
Amazon’s decision to drop NYC for HQ2 draws jeers from business leaders
Now that Amazon.com has dropped New York City for its HQ2 expansion, odds are other companies will swoop in and take over what would have been some 8 million square feet of space in the Long Island City (LIC) enclave of Queens. That is, unless, Amazon's dealings with local legislators spooked others from wanting to do business there. “I hope today's news doesn't scare away other business and entrepreneurs,” says Julie Samuels, Executive Director, Tech:NYC. Unless, told me. “New York City has so…
Mayoral candidates share ideas on affordable housing in downtown Tampa and beyond
See what each candidate had to say about Tampa's affordable housing.
Development firm headed by former Lightning player wants to convert Gandy mobile home park to apartments
A mobile home park near the intersection of Gandy and Bayshore boulevards could be converted to apartments.
Latest Tampa housing research shows promise for affordable housing in the Big Guava
With no sign of Tampa's rapid growth slowing, the latest housing research shows that affordable housing in the city is still very much a possibility, even as homes steadily increase in price. According to the quarterly research, Metrostudy’s 4Q18 survey of the Tampa housing market, new home starts are up 18.5 percent over 2017's numbers, while the annual start rate for 2018 up 9.6 percent from 2017. Closings for Q4 of 2018 are up 2.5 percent over the previous year, while annual closings were…
Lazydays founder’s sprawling estate on Lake Thonotosassa hits the market at $22 million (Photos)
A sprawling country estate built for the founder of Lazydays RV is listed for sale at $22 million. Smith & Associates Real Estate, which is representing Lazydays founder and former CEO Don Wallace and his wife, Erika, said Friday that the home, known as The Oaks, is among the largest single-family residences in Hillsborough County. It is four stories, 36,361 square feet and has eight bedrooms, 12 bathrooms, 16 half bathrooms and elevator access to all levels. There's a seven-car garage on the…
Why technology hasn’t fixed the housing crisis
Policymakers warn that the housing crisis isn’t a problem technology can solve. Yet it’s intriguing to think what might happen if investors threw money more directly at this goal.
35-story condo tower Eleve 61 is moving fast in downtown Tampa’s Channel district
Success is never guaranteed in real estate development — especially when it comes to condominiums — but the team behind Eleve 61 in the Channel district feels pretty good about its chances.