Overheated housing market’s recent casualty — mortgage companies. But wider impact looms.
We live in interesting times, for sure. When the inflation number comes in at 8.5 percent higher than last year, and the highest since 1981, we sit back and say — that was expected. But what may not be expected is the ripple effect on the economy.
Tampa Bay area ranks No. 3 for places to relocate in the U.S.
Skyrocketing home prices and rising mortgage rates have made relocating to a more affordable area the only viable option for some prospective homebuyers. New data by the realty company Redfin shows people were on the move during the first quarter. The company’s report shows that 32.2% of people using its website were looking to relocate to a different metropolitan area, that's up from 31.5% a year earlier and up significantly from 26% in 2019, before the coronavirus pandemic. The Tampa-St. Petersburg-Clearwater…
Home prices are soaring. What’s that mean for property taxes?
It's not unusual for tax-assessed values to lag behind market trends, whether home values are going up or down.
St. Pete condo developer closes on site for $4.95 million
The developer of the Reflection Condominiums has purchased property from BridgePoint Church.
Waterfront home in St. Pete listed for sale at $6.75M
A waterfront estate on Bayshore Boulevard in St. Petersburg is listed for sale at $6.75 million. The nearly 6,500-square-foot home is in the Shore Acres enclave and has panoramic bay views. Located at 3119 Bayshore Blvd. NE, the house comes with 159 feet of water frontage and deepwater access. Built in 2015 by Jimmy Brattain of DesignWorks, the home has seven bedrooms and seven and a half baths. The current owners, Gagandeep and Mona Mangat, bought the property where the house sits in 2008 for…
Moody’s analyst: Why office-to-apartment conversions usually don’t pencil out
One of the biggest topics among city economic development officials is whether conversions of office buildings can solve two issues most U.S. cities are facing: the potential for adoption of hybrid or remote work to leave some office buildings empty, and a lack of housing inventory.