As mortgage rates continue to rise, housing affordability hits a 15-year low in Tampa Bay
Mortgage costs, skyrocketing home prices and interest rate hikes have made mortgages the least affordable since the Bush administration. Nationally, mortgage rates have increased by nearly 6% in early June. The data shows that a new purchase of a typical U.S. home at this rate would mean monthly mortgage payments of $2,127, which is 51% higher than a year ago and up 36% year to date. “Mortgage rates took an unprecedented leap skyward over the past two weeks and quickly multiplied housing costs…
Waterfront home in Siesta Key sells for a record price (Photos)
This is the most expensive waterfront boating property sale in the last year around the Siesta Key area.
Clearwater picks development team to overhaul downtown waterfront site
The mixed-use proposal for the city-owned waterfront properties will go before voters in November.
Florida metros rise in the ranks of the most expensive for homebuyers
All four Florida metros ranked in the top 10 in year-over-year increase in listing prices in May, according to Realtor.com. Median listing prices increased 45.9% in Miami-Fort Lauderdale-West Palm Beach compared to May 2021, landing it at the top of the list of the 50 largest metro areas in the country. Orlando ranked at No. 3 with a 32.4% increase, followed by Tampa at 30.6% and Jacksonville at 26.2%. When ranked by median listing price, all four Florida metros now rank in the top 25, with Miami…
Homelessness increases as Tampa Bay’s affordable housing crisis continues
Hillsborough County has seen a 4% increase in its population of unsheltered people and families since the Covid-19 pandemic.
Investors are buying fewer homes than pandemic peak, but their share continues to grow amid changing housing market
Rising mortgage rates are moving the housing market in a new direction since the onset of the Covid-19 pandemic-induced boom.