Rent burdens unequal across the Tampa Bay metro area
A new report by Zillow shows affordability discrepancies in the Tampa-St. Petersburg-Clearwater metro area for people of color. According to the report, the term “rent burden” is when households spend 30% or more of their income on rent, making them “housing cost-burdened.” This expense leaves the renter with little to no income for necessities such as food, water, transportation and household bills. In August, the average rent burden nationwide was 30.3%, but this burden is distributed…
U.S. apartment rents have jumped more than 10% since early 2020
Apartment rents have been growing at a rapid clip this year, after a stagnant to modest increases observed during the height of the Covid-19 pandemic last year.
Residents start moving into new $70M luxury condo project in Clearwater
A $70 million luxury condo complex in Clearwater has finished construction and the first wave of residents have officially moved in.
Tampa developers see ‘very long runway’ in built-to-rent single-family homes
“Everyone is very bullish and trying to get into this space.”
Here’s how many offers a typical homebuyer made in 2021
Covid-19 helped fuel a hot housing market. How did it affect the number of offers made by homebuyers?
46-story Residences at 400 Central in downtown St. Pete inches toward groundbreaking
New York billionaire John Catsimatidis, the developer behind the tower, says the pace of reservations is beating expectations.