Home affordability index at lowest point since 2008
Buyers in today's market are are all too familiar with the challenges being felt by limited inventory, high demand and rapid home-price appreciation.
Billionaire developer behind St. Pete’s 400 Central condos expects interest from Northerners ‘tired of cold and criminals’
“I think Northerners are tired of Covid, tired of the cold, they’re tired of criminals, and they’re moving on down,” John Catsimatidis told the Business Journal.
Baby boomers and millennials are competing for homes. Guess who has the upper hand?
The red-hot housing market during the Covid-19 pandemic may be driven more by long-term demographic trends — and that has pitted different generations against each other. Despite millennials being the biggest single generation in the housing market, buyers are increasingly older. The median age of homebuyers over the past year was 44 in 2019, up from 40 in 2009, according to new Zillow research. The trend was driven in part by buyers who are 60 years or older, whose share of homebuyers had risen…
Ranked: 30 metros where apartment rents have grown the fastest since early 2020
An analysis of RealPage Inc. data by The Business Journals found that among 50 of the largest metropolitan statistical areas in the United States, rents grew more than 10% between the first quarter of 2020 and the third quarter of 2021.
Tarpon Springs apartment complex sells for over $65 million
An apartment complex in Tarpon Springs — the largest development of its kind in the city — just sold for $65.65 million.
As some experts predict a cooldown, here’s how much momentum Tampa Bay’s housing market has
The housing market has been on absolute fire, especially since the Covid-19 pandemic. That's true nationally, and it's true in Tampa Bay. The Business Journals conducted an analysis of housing data from Seattle-based Zillow Group Inc. using a weighted formula that takes into account pricing and value changes over a five-year, one-year, six-month and one-month period, ending July 31, 2021. The result is 25 housing markets we've identified as having seen the most momentum since the summer of 2016,…