Pending home sales at highest level since 2013
January may have been a weak month for home sales, but it was a strong month for contract signings. Pending home sales jumped to their highest level since August 2013, according to the National Association of Realtors. The group’s Pending Home Sales Index, which is based on contract signings, rose from 102.5 in December to […]
Boutique hotel with rooftop bar planned on former Crawdaddy’s site on Rocky Point
A boutique hotel is in the works for the site of a shuttered restaurant on the Rocky Point waterfront. Tampa-based Lifsey Real Estate Holdings is partnering with Pinnacle Hotel Management, based near West Palm Beach, on a nine-story, 180-room boutique hotel, said Stan Lifsey, principal. The project will be built on the site of the […]
Want to buy a home in Tampa? Your annual salary should be at least $38k
To purchase a home in Tampa, a person needs to have an average income of $37,732.20 per year, and unlike other metros, that number is becoming higher, according to a new report by HSH.com. HSH.com analyzed 27 of the largest metropolitan areas in the United States to find out the average annual income needed to […]
Atlanta investor pays nearly $30M for Clearwater apartments, plans upgrades
An apartment complex in Clearwater has been sold for $29.85 million or more than $130,000 per unit. Atlanta-based Radco Cos. acquired the 228-unit Bay Park community from Chicago-based Laramar Group. Bay Park is located near the intersection of Gulf to Bay Boulevard and U.S. Highway 19 . ARA Tampa-based Principal Patrick Dufour and Vice President […]
14-story waterfront residential tower proposed on Rocky Point
A Sarasota developer is proposing a 14-story residential tower on the water in Rocky Point — a site that’s sat dormant since previous plans crashed along with the real estate market. Ascentia Development Group has filed plans with the city for a tower adjacent to the Westin Tampa Bay at 3015 N. Rocky Point Drive, […]
Home sales dip despite low mortgage rates; are prices too high? (Video)
Sales of existing homes fell to an annual rate of 4.82 million in January, the lowest pace since last May. That’s according to the National Association of Realtors, which reports that the Northeast and West saw the biggest declines in sales activity. January’s sales pace was down from 5.07 million in December. “January housing data […]