Here’s where people moved to in Tampa Bay in 2022
The pandemic caused a shift in Americans looking to relocate, with many families opting to move in search of more space, lower cost of living, or where remote work was becoming more prominent. The latest data from the National Association of Realtors shows that 26 states experienced an influx of people, with more people moving in than out, while 25 states lost movers. Florida saw an influx of 318,855 net domestic migration gains in 2022. Positive net domestic migration and positive net international…
Covid-fueled migration brought people — and problems — to America’s mountain towns
Mountain towns like Sun Valley, Idaho, and Bozeman, Montana, are seeing a surge of people and home values. But the trend is also bringing new problems and accelerating old ones.
Hillsborough, Pinellas, St. Pete and Tampa win rental assistance money
The U.S. Department of the Treasury has highlighted the Hillsborough County government for its outreach strategy to mitigate evictions during the ongoing housing crisis. The reward? An additional $2.55 million to help pay the rent for about 500 families. The money will be available to spend in March, according to a county spokesperson. St. Petersburg also received $2.55 million, and Pinellas County received $1.34 million from this round of funding through the Emergency Rental Assistance Program,…
Archway Partners nears construction milestone for affordable housing project in Largo
The company is building 96 affordable housing units on Seminole Boulevard.
Tampa Bay home equity continues to increase, despite home prices declining
Tampa Bay homeowners saw the value of their homes increase over the last two years, with historic growth over the past few years. Real estate data platform ATTOM released its quarterly home equity report to see which states had the largest share of equity-rich homeowners in the third quarter of 2022. Despite the growth in home prices slowing in the second half of last year, most American homeowners still saw home equity increase. Households are considered equity rich, or “house rich,” when the…
Newly built St. Pete studio apartments sold, to become short-term rentals
DevMar Development has sold The Metro, a newly built 100-unit residential project in St. Petersburg’s Edge district, for $28.2 million. Mark DeMaria, CEO of St. Pete-based DevMar, confirmed to the Tampa Bay Business Journal that the seven-story building was sold to a private investment firm, which has offices throughout the U.S. and London, Luxembourg. Jad Richa, managing director of Capstone Apartment Partners Florida, was the broker for the transaction. According to Richa, the sale price was…