Homelessness increases as Tampa Bay’s affordable housing crisis continues
Hillsborough County has seen a 4% increase in its population of unsheltered people and families since the Covid-19 pandemic.Original Article
Investors are buying fewer homes than pandemic peak, but their share continues to grow amid changing housing market
Rising mortgage rates are moving the housing market in a new direction since the onset of the Covid-19 pandemic-induced boom.Original Article
Developer plans 20-story apartment tower in St. Pete
“There are some highly desirable places to live in the country, and St. Pete is becoming one of those,” the developer said.Original Article
St. Pete apartment developer expands to Jacksonville area with Clay County deal
The St. Pete-based real estate investment firm has purchased a 22.5-acre property in Middleburg.Original Article
Tampa could legalize accessory dwelling units in more neighborhoods
Granny cottages. Tiny homes. Garage apartments. Regardless of what you call an accessory dwelling unit, Tampa is looking to the small structures to help solve the city’s housing crisis. Tampa City Council on June 23 will hear a presentation from city staff on allowing leasable ADUs in more neighborhoods across the city. Leasable ADUs — which can be rented to non-relatives and typically range from 400 to 900 square feet — are currently only allowed in Seminole Heights and the Lowry Park…Original Article
St. Pete ranks in the top 25 best places for first-time homebuyers
First-time home buyers are struggling to find places to live within the ever-increasing housing market; however, a new report by SmartAsset shows one Tampa Bay city could be an ideal location for newcomers. SmartAsset, a financial technology company, compared 181 of the largest U.S. cities across 12 total metrics that span four categories: home market favorability, affordability, livability and employment. St. Petersburg ranked No. 20, a three-spot rise from last year, and was the only Florida…Original Article
72 Sold forms partnership with Keller Williams to take unique sales program worldwide
Scottsdale-based 72 Sold has forged a partnership with the largest global real estate franchise company to take its unique selling program worldwide. Here's the structure of the deal and what it means.Original Article
Development teams pitch mixed-use projects for downtown Clearwater sites
Two city-owned parcels along the downtown Clearwater waterfront are up for bid and the Business Journal obtained the proposals.Original Article
Report: Tampa Bay is not in a housing bubble, but recession could be near
As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow do not believe the market is in a bubble. The latest survey polled more than 100 experts from academia, government and the private sector to seek a consensus opinion on the state of housing and the outlook. Sixty percent of respondents said they do not believe the U.S. housing market is currently in a bubble, compared to 32% who think the country is in a bubble; 8% said they were unsure. “Americans…Original Article
Guest column: Tampa Bay businesspeople should act on the affordable housing crisis
The skyrocketing cost of housing is a full-blown crisis in the Tampa Bay area. As businesspeople, it’s our responsibility to do something about it, the author writes.Original Article