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
Tampa to host fifth Super Bowl
Wednesday, 24 May 2017
The Tampa Bay region will host another Super Bowl, thanks to a construction delay in Los Angeles. NFL owners voted unanimously at a meeting Tuesday to move Super Bowl LV to Tampa due to a delay in building the LA Rams’ new stadium. In 2016, Tampa lostits bid to host a Super Bowl to Los
- Published in General, Local, South Tampa, Tampa Bay
5 tips for buyers in a tight housing market
Saturday, 20 May 2017
WASHINGTON – May 15, 2017 – When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex home-buying process even more overwhelming. To help buyers successfully get through the buying process in a tight inventory market, the National Association of Realtors®
- Published in General, Housing Market, Important, Investors, Local, Real Estate, South Tampa, Tampa Bay, Uncategorized
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
When will mortgage rates rise? What happens when they do?
Thursday, 04 May 2017
NEW YORK – At some point, mortgage rates will rise again. Americans have, so far, been resilient to rising mortgage rates, but a bigger impact could come soon, say Goldman Sachs economists. Housing’s share of the economy rose above normal levels from November to January, despite mortgage rates surging 60 basis points at the time.
- Published in General, Housing Market, Investors, Local, Mortgage, News, Real Estate, South Tampa, Tampa Bay
Will mortgage rates below 4% spur market?
Monday, 01 May 2017
WASHINGTON – Mortgage rates dropped below 4 percent last week for the first time since November, just as the crucial spring selling season gets under way. The average rate on a 30-year fixed-rate mortgage dropped to 3.97 percent from 4.08 percent a week earlier; in mid-March, the FRM averaged 4.3 percent. The drop could encourage
- Published in General, Housing Market, Local, Mortgage, 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
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