Affordable housing remains a top priority in St. Petersburg
The city has been buckling down on its focus on providing immediate assistance to the affordable housing crisis in the community.Original Article
Home values soared in all three Tampa Bay MSAs during the pandemic
This week’s Future of Cities cover story examines the changes in multiple categories since the beginning of the pandemic as they impact metro areas around the country. Tampa Bay ranked among the top when looking at the increase in home values. However, the graphic is limited to only the 50 largest metro areas by population. When increasing that to the 200 largest, the other two local metros, North Port-Sarasota-Bradenton and Lakeland-Winter Haven, also ranked near the top in percentage increase.…Original Article
Built-to-rent single family communities take off in Tampa Bay
Think of these developments as combining the best attributes of multifamily and single-family home communities.Original Article
Polk apartment sale smashes record at more than $300K per door
The apartments broke ground in August 2020.Original Article
Developer asks judge to reverse Tampa City Council’s denial of Tampa Heights project
The proposal would have built 21 townhouses at West Dr. Martin Luther King Jr. Boulevard and North Boulevard in Tampa Heights.Original Article
Nationally, renters are paying 30% of their income on housing. In many places, they’re paying more.
Across the U.S., the typical household devoted 29.7% of its income to lease a typical rental home last month. That's up from 24.8% in February 2021, showing how much rents have risen in a year's time.Original Article
MacKenzie Scott donates $18.5M to two Bay area Habitat for Humanity chapters
Billionaire philanthropist MacKenzie Scott's nationwide donation of over $400 million to Habitat for Humanity International includes two Tampa Bay area chapters.Original Article
South Florida developer gets approval for $100M mixed-use project in St. Pete Beach
The Corey Landing project will fill in the vacant nearly 4-acre parcel on Corey Avenue with residential units, a waterfront restaurant, public park and retail space.Original Article
February was hot for luxury real estate sales in Tampa Bay
High-end homes in the Tampa metro area spend an average of nine days on the market.Original Article
How rising interest rates, war in Ukraine are being factored in to residential, commercial real estate industries
Last week, the Federal Reserve approved an interest-rate hike for the first time since 2018, a widely anticipated move and, likely, the first of several increases this year.Original Article