St. Pete approves zoning change to increase housing supply
St. Petersburg has approved a zoning change that will allow for more residential units to be added to nearly 3,000 parcels in the city. City council on Thursday voted 7 to 1 to allow some owners of single-family homes to add more units to their property. The change allows for what supporters call “missing middle housing,” such as duplexes, triplexes and quadplexes. Councilman Ed Montanari cast the sole dissenting vote. The vote is a small step toward combating the city’s ongoing housing…
Nine renters compete for every one apartment in Tampa Bay
Tampa Bay is one of the hardest places in Florida for renters to find a new unit, according to a recent report by the rental listing website RentCafe. The report found that high home prices, tight housing supply and inflation have made Tampa Bay one of Florida’s most competitive rental markets at the start of 2023. To compile the report, RentCafe analyzed the 134 largest markets in the U.S. where data was available. It looked at the most revealing metrics when it came to competition, including: the…
Zillow: Tampa Bay homebuyers are ready, but interest rates have sellers on the fence
“Home sellers seem to be sitting out the early spring selling season in surprising numbers.”
Affordable housing plan headed to Florida house floor
The “Live Local Act” includes providing incentives for investment in affordable housing and seeking more mixed-use developments.
Banking turmoil creates bump in mortgage applications but surge in housing market unlikely
In the immediate aftermath of Silicon Valley Bank's failure on March 10, mortgage rates dropped a half percent as concerns over the banking sector and broader U.S. economy took hold.
Several Tampa Bay neighborhoods make Niche’s ‘Best Places to Live in Florida’ list
A new report from Niche, a data-driven platform with ratings and reviews of cities across America, ranked the Tampa Bay area highly in multiple categories. The 2023 Best Places to Live in America report includes several categories: the best cities (urban areas with a population of 100,000 or more), the places with the lowest cost of living, the best places to buy a house, the best neighborhoods and more. According to the report, Tampa Bay has six of the top 10 best places to live in Florida, six…