Next buyers’ market? Two or three years, say some experts
Tuesday, 20 June 2017
Just last month, a 32-year-old meteorologist was excited by his promotion to a better-paying position with the National Weather Service. At long last, he figured, he could afford to buy a modest single-family house in a middle-income suburb near his office. But so far, his housing search has proved fruitless. Though his earnings have risen,
- Published in Blog, General, Housing Market, Investors, Local, News, Real Estate
Former St. Pete Beach estate of beer titan August Busch Jr. fetches $5.4 million
Friday, 16 June 2017
ST. PETE BEACH — Nearly a decade and one scrubbed auction after it first hit the market, the former winter home of beer and baseball magnate August A. Busch Jr. sold today for $5.395 million. That is the second highest amount paid for a residentially zoned property in the Tampa Bay area this year. A
- Published in Blog, Important, Local, Luxury, Real Estate, St Petersburg, Tampa Bay
Study: Tampa Bay is nation’s second best area for first-time homebuyers
Wednesday, 17 May 2017
For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers, a new Zillow report says. As millennials — those in the 18-34 age group — “reach
- Published in Blog, General, Housing Market, Important, Investors, Local, Luxury, Mortgage, Real Estate, South Tampa, St Petersburg, Tampa Bay
Tampa’s waterfront Rattlesnake Point is for sale; condos and apartments could replace warehouses
Thursday, 11 May 2017
Rattlesnake Point, a 30.9-acre waterfront tract south of the Gandy Bridge on the Tampa side , is for sale at an undisclosed price. [Courtesy of Dronebase.com] TAMPA — Gritty industrial activity could give way to more condos, apartments and townhomes as yet another prime waterfront tract in Tampa hits the market. Tampa-based Viper Ventures is
- Published in Blog, Housing Market, Investors, Local, Luxury, News, Real Estate, South Tampa, Tampa Bay
If you like tiny houses, you’ll love these tiny apartments coming to Tampa
Tuesday, 25 April 2017
TAMPA — You’ve heard of tiny houses. Now Tampa could become one of the first places in Florida to have tiny apartments. Urban Core Holdings, LLC is under contract to buy a 12-story downtown office building and convert the top eight floors into micro-apartments. Each would have a kitchen with a two-burner stove top, microwave
- Published in Blog, Housing Market, Local, Real Estate, South Tampa, Tampa Bay
Could rising mortgage rates be good for housing?
Saturday, 01 April 2017
NEW YORK – The Federal Reserve is finally taking more action to raise its short-term rates. Last week, it voted to raise the Fed funds rate by 25 basis points. That is expected to add pressure to mortgage rates, too. Many housing analysts fear that rising mortgage rates could further impact home affordability and lead
- Published in Blog, General, Housing Market, Investors, Local, Luxury, Mortgage, Real Estate, South Tampa, St Petersburg
Reverse mortgages: Myths vs. realities
Tuesday, 28 March 2017
STUART – There are a lot of misconceptions surrounding reverse mortgages. I’ve highlighted six here that seem to come up most often in conversations with clients. I hope these will help when considering whether a reverse mortgage is the right path for you. Myth No. 1: The lender owns the home You will retain the
- Published in Blog, General, Housing Market, Local, Mortgage, Real Estate, South Tampa, St Petersburg
How will housing change over the next decade?
Wednesday, 22 March 2017
NEW YORK – March 7, 2017 – Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than today, predicts Lawrence Yun, chief economist of the National Association of Realtors® (NAR), in his latest column at Forbes.com.
- Published in Blog, General, Housing Market, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg
Kitchen features buyers will pay more for
Thursday, 16 March 2017
CHICAGO – Dec. 6, 2016 – A great kitchen can help sell a home, and real estate professionals are spotlighting it in their marketing. Of all the homes listed for sale on realtor.com, 69 percent of the listing descriptions highlight the kitchen as a selling point. Forty-nine percent mentioned the bedrooms and 35 percent highlighted the
- Published in Blog, General, Housing Market, Investors, Local, Luxury, News, Real Estate, South Tampa, St Petersburg
Move-up buyers: Sell or rent out your original house?
Sunday, 12 March 2017
ORLANDO, Fla. – Jan. 30, 2017 – Many homeowners who need to move decide to sell their current home so they can have plenty of cash to buy their next digs. Still, though, some might wonder: Should I sell or rent out my house? It’s a good question. Owning rental property, after all, brings in
- Published in Blog, General, Housing Market, Investors, Local, Luxury, Mortgage, Real Estate