Tampa Bay housing inventory continues to rise, report shows
Housing inventory rose for the third consecutive month in July, as active listings were up 30.7%, according to a Realtor.com report. The report highlights that while buyers had nearly a third more for-sale home options in July than in the previous year, competition remained in favor of sellers, with listing prices near all-time highs and homes selling faster than before the start of the pandemic. “The U.S. housing market continues to move toward more evenly balanced supply and demand compared…
How a recession may change employment outlook for labor-starved construction sector
The construction industry's struggles to attract and retain labor have been well documented. But has the construction labor issue gotten better, worse or remained about the same since the pandemic? And what happens in the event of a recession?
Fractured condo in Carrollwood sells for $99 million
The seller was able to acquire more units in the fractured condo after buying the bulk rental units in 2019.
Tierra Verde estate sells for $5.64 million
The waterfront home sits on 0.28 acres and has views of the Gulf of Mexico and Shell Key.
Clearwater City Council ready to send $400M development proposal to voters
City council unanimously approved agreements for two waterfront properties downtown, and voters will get their chance to weigh in come November.
Report: Tampa Bay susceptible to a housing downturn amid recession
The Tampa Bay housing market has reaped the benefits of people migrating to the area during the Covid-19 pandemic, but a Redfin report finds that may be coming to an end soon. Areas where home prices soared during the pandemic, such as Tampa Bay, are most likely to amplify the effects of a housing downturn and declining home prices if the economy goes into recession. Redfin analyzed housing markets in the 98 U.S. metros where sufficient data was available using several housing-related indicators…