NAR: International sales to shape future real estate demand
Friday, 26 May 2017
WASHINGTON – May 22, 2017 – U.S. real estate markets are becoming increasingly international. Two trends – changing demographics from immigration and a growing interest from foreigners – are positioned to bolster home sales activity and prices, according to speakers at an international real estate forum organized by Realtor® University’s Richard J. Rosenthal Center for
- Published in Clearwater, General, Housing Market, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, 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
Property tax cap heads to 2018 ballot
Monday, 08 May 2017
TALLAHASSEE, Fla. – A top legislative priority of Florida Realtors passed on Wednesday. It gives voters the chance to make permanent a 10 percent cap in non-homestead property tax increases during the 2018 general election. The passage of SJR 76/HJR 21 successfully ends a nearly year-long effort by Florida Realtors to get the proposed amendment
- Published in Housing Market, Important, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg, Tampa Bay
March madness for Tampa Bay home sales with double-digit price increases
Sunday, 23 April 2017
This home in Land O’ Lakes sold for $1.125 million in March, making it Pasco County’s top sale of the month. [Courtesy of Tom Carr/Christopher Williams] This gulf-front home in Belleair Shore sold for $4.809 million in March, making it Pinellas County’s top sale of the month. [Courtesy of Cary John] This home in
- Published in General, Housing Market, Investors, Local, Luxury, News, Real Estate, South Tampa, St Petersburg, Tampa Bay
Mortgage lenders optimistic about 2017
Tuesday, 18 April 2017
NEW YORK – April 12, 2017 – Continued economic improvement should give first-time homebuyers the boost they need to enter the market. In fact, about three in five independent mortgage lenders (59 percent) in a recent survey predict an increase in first-time homebuyers in 2017. The prediction comes from The Lenders One Cooperative, a national
- Published in General, Housing Market, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg, Tampa Bay
Tampa Bay is enjoying a hotel boom. Could a five-star be coming?
Thursday, 13 April 2017
With the opening of the Opal Sands and Wyndham resorts on Clearwater Beach in the last 14 months, the Tampa Bay area gained 678 new hotel rooms. Sound impressive? Wait until you see what’s coming. Over the next few years, at least 27 new hotels with a total of 4,000 rooms are expected to start
Developers break ground on new Marriott hotel on Rocky Point
Sunday, 09 April 2017
Hotel developers, Lifsey Real Estate & Holdings Inc. and Pinnacle Hotel Management, held a ground breaking ceremony Thursday to celebrate the start of construction on a new hotel called Current, an Autograph Collection Hotel by Marriott, located at 2500 North Rocky Point Dr., in Tampa. TAMPA — Officials broke ground on a 10-story hotel
- Published in Clearwater, General, Local, Luxury, News, Real Estate, South Tampa, Tampa Bay
Tampa Listed As One of the Nation’s Healthiest Housing Markets
Wednesday, 05 April 2017
Diana Olick | @DianaOlick Monday, 27 Mar 2017 | 1:30 PM ETCNBC.com Sluggish housing recovery takes a bite out of the economy Monday, 27 Mar 2017 | 8:23 AM ET | 03:23 Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping
- Published in Housing Market, Important, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg, 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