It’s been 10 years since home builders have been this bullish about sales
Home builders’ confidence in the housing market jumped five points in June, as their sales outlook improved to its highest level since 2005. That’s according to the National Association of Home Builders’ monthly Housing Market Index, which jumped five points in June to 59. The index is based on what builders say about current sales, […]
What the Top 25 List of public companies tells us about our economy
Sales are growing at Tampa Bay’s largest public companies, but many of those companies struggled last year to turn that top-line revenue growth into profit. The 25 companies on the 2015 List of largest public companies posted a combined $86.8 billion in revenue in 2014, up 4 percent from the $83.5 billion in revenue from […]
Atlanta group buys Westchase apartments for $64.5M, plans renovations
Pollack Shores Real Estate Group has big plans for Lexington Park at Westchase. The Atlanta-based investment group paid $64.5 million or $161,250 per unit for the 400-unit Lexington Park in a deal that closed June 4, according to a Hillsborough County deed filed Wednesday. The seller, Miami Beach-based Crescent Heights, paid $42.5 million or $106,250 […]
Breaking down Tampa’s condo comeback
Tampa’s condominium market is showing promising signs of recovery. There’s movement at both ends of the market. Different property types will see different outcomes, but the activity is a good sign for multifamily real estate. At the high end of the market, there’s renewed interest in buying condos — and so much activity in one […]
Residential real estate: Panelists assess the state of the current market
Our annual executive roundtable discussion on residential real estate covered topics ranging from price points to construction labor to managing millennial buying habits. Panelists Kary Andrews, Bayshore Real Estate, president Wes Burdette, Heights Equity LLC Vince Cassidy, Tampa Developers LLC, Majesty Title Services Jim McCarthy, COO, Domain Homes Michael Moulton, Realtor, Michael Saunders & Co. […]
Should HUD require ‘affordable housing’ in wealthy neighborhoods? The House doesn’t think so
Republicans hope to block a proposed federal regulation that would force localities to take additional steps to integrate segregated neighborhoods and bring affordable housing to wealthy areas. If localities fail to take such actions, they would no longer be eligible for community development block grants and other housing-related grants. At issue is the ” Affirmatively […]