Home flipping in Tampa is declining sharply, but area remains a hotbed for speculators
In Tampa Bay, 7.2 percent of all sales were flips, higher than the national average.Original Article
Archive for month: September, 2018
Survey says Tampa metro area has some of the worst real estate markets
Bad news for Tampa Bay homebuyers — a new study from WalletHub says this area is not a great place to buy a home. The study ranked 300 cities across the United States and placed Clearwater at No. 227, St. Petersburg at No. 221 and Tampa at No. 143 on the list. Each city was compared across 22 indicators of housing market attractiveness and economic strength. The scoring was based on topics ranging from median home price appreciation to home sales turnover rate to job growth. In the category…Original Article
High house prices in US stifle banks’ mortgage units
One obvious and striking explanation, which contrasts with the roaring US economy, asks more profound questions of all the banks: is the housing market slowing?Original Article
No one wants a storm, but another hurricane would boost PGT Innovations, report says
As Tropical Storm Gordon strengthens in the Gulf of Mexico, the Tampa Bay company that controls most of the market for impact-resistant windows and doors in Florida is in the spotlight. PGT Innovations (NYSE: PGTI), a manufacturer headquartered in North Venice, has seen strong sales since Hurricane Irma one year ago, but sales were growing even before the storm hit, the Wall Street Journal’s Heard on the Street Column reported Sept. 3. While PGT, like the rest of the Florida building industry,…Original Article