Here’s how many hours Tampa Bay workers need to work to afford rent
A new report from real estate company Zillow highlights that Americans are feeling the widening gap between wage growth and rent growth compared to before the pandemic. According to the data, renters need to clock in an additional six hours a month since before the pandemic to make their monthly payments. Nationally, Americans who make an average hourly wage must work close to 63 hours before earning enough to cover typical monthly rents that average $2,040. In Tampa Bay, the average worker would…Original Article
Developers have until Friday to respond to Mayor Ken Welch's request for proposals for the 86-acre site.
Tampa Bay's home values — one factor in a metro's affordability — continue to climb even as the nation's average remains flat.
A key source of funds for Florida affordable housing initiatives is expected to get a big bump next year.
Pendry Tampa, the 37-story hotel-condo proposed on the downtown Tampa waterfront, could be under construction by year’s end. Buyers who have reserved Pendry-branded residences in the tower learned this week that “heavy equipment is scheduled to arrive on site before New Year’s to begin drilling pilings for the tower foundation,” Two Roads Development told the Tampa Bay Business Journal. Moss Construction is the general contractor on the project. South Florida-based Two Roads said it has…
The national mortgage lender has slashed more than a third of its workforce this year.
The industry group Florida Realtors on Friday released a report that said the statewide median sales price for single-family existing homes in October was $401,990. Here were the median sales prices by metropolitan statistical area:
A Tampa developer is moving forward with two luxury townhouse projects that he says fill a need in Tampa's residential real estate market.
A developer that's been active in the Tampa area in recent years is planning a new project in Hernando County.
The rapid cooldown of the U.S. housing market starting this summer has made the direct-homebuying business model known as iBuying a lot more challenging.