Here are four takeaways from Federal Reserve Chair Janet Yellen’s news conference following the Fed’s decision to keep its federal funds rate at or near zero: Stop focusing so much on when the Fed will start raising rates Too much attention is being paid to when the Fed will begin raising its federal funds rate […]
As expected, the Federal Reserve decided against raising its federal funds rate this month from the near-zero levels it’s been since the financial crisis. In its statement, the Fed said it won’t begin raising interest rates until “it has seen further improvement in the labor market and is reasonably confident that inflation will move back […]
I became a father in September of 2002, and that moment of instantly loving something more than can be measured was unlike any emotion I can describe. My life had changed. I now had responsibility outside of my job and marriage — I now had the responsibility of raising a child. But what I didn’t […]
Building permits for residential construction jumped nearly 12 percent in May to an annual rate of 1.28 million, the highest level since 2007. That’s a sign that home builders are acting on their improved confidence in the housing market. Building permits for single-family houses were issued at a seasonally adjusted annual rate of 683,000; multifamily […]
Home builders’ confidence in the housing market jumped five points in June, as their sales outlook improved to its highest level since 2005. That’s according to the National Association of Home Builders’ monthly Housing Market Index, which jumped five points in June to 59. The index is based on what builders say about current sales, […]
Sales are growing at Tampa Bay’s largest public companies, but many of those companies struggled last year to turn that top-line revenue growth into profit. The 25 companies on the 2015 List of largest public companies posted a combined $86.8 billion in revenue in 2014, up 4 percent from the $83.5 billion in revenue from […]
Pollack Shores Real Estate Group has big plans for Lexington Park at Westchase. The Atlanta-based investment group paid $64.5 million or $161,250 per unit for the 400-unit Lexington Park in a deal that closed June 4, according to a Hillsborough County deed filed Wednesday. The seller, Miami Beach-based Crescent Heights, paid $42.5 million or $106,250 […]
Our annual executive roundtable discussion on residential real estate covered topics ranging from price points to construction labor to managing millennial buying habits. Panelists Kary Andrews, Bayshore Real Estate, president Wes Burdette, Heights Equity LLC Vince Cassidy, Tampa Developers LLC, Majesty Title Services Jim McCarthy, COO, Domain Homes Michael Moulton, Realtor, Michael Saunders & Co. […]
Tampa’s condominium market is showing promising signs of recovery. There’s movement at both ends of the market. Different property types will see different outcomes, but the activity is a good sign for multifamily real estate. At the high end of the market, there’s renewed interest in buying condos — and so much activity in one […]
Republicans hope to block a proposed federal regulation that would force localities to take additional steps to integrate segregated neighborhoods and bring affordable housing to wealthy areas. If localities fail to take such actions, they would no longer be eligible for community development block grants and other housing-related grants. At issue is the ” Affirmatively […]