Luxury home sales in Tampa Bay on pace to set new records in 2022

The number of luxury home sales of $5 million and up is on pace to top 2021’s record year through the first eight months of 2022. The Highest-priced Homes Sold List that was published in January included 137 homes sold in 2021 for $5 million or more. So far in 2022, there have already been 105 sales above that threshold, putting the region on pace for around 160 total this year. Both 2021 and 2022 figures dwarf the totals in previous years when the Tampa Bay area saw 42 homes sold for $5 million…Original Article

14-story apartment tower in Westshore gets preliminary approval from Tampa City Council

The development is a major project for Westshore.Original Article

Exclusive: Miami developer buys 39 acres in St. Pete for waterfront project

Plans include apartments, townhouses, a marina and a waterfront restaurant.Original Article

Migration nation: The pandemic has pushed Americans to greener pastures, and they have taken billions in wealth with them

Teton County is among among a group of off-the-beaten-path locations that are primed for growth in a post-Covid America, at least when it comes to drawing droves of high-income residents from the nation’s biggest cities.Original Article

Mortgage lender lays off dozens in Clearwater

The mortgage lender's CEO said it is taking action to navigate through a cooling housing market and "extremely challenging" economic climate.Original Article

Report: Tampa Bay housing market shows signs of cooling off

Home sellers are feeling the pressure of a red hot housing market cooling off, according to a new report by Realtor.com. The report shows that the housing market in August saw the first year-over-year increase in time on the market (+5 days) since June 2020. Houses in the Tampa Bay metro area spent an average of 37 days on the market, a three-day increase from last year. Data shows a housing market that is getting a break from the past two-plus years of frenzied buyer demand that outmatched supply,…Original Article

Wells Fargo economist says housing market is ‘worse than it looks’

Wells Fargo Senior Economist Mark Vitner said the nation’s housing market is faring even worse than recent headlines suggest.Original Article

St. Pete zooms in on missing middle housing

Leading housing and finance experts gathered last week in downtown St. Petersburg to discuss local opportunities and barriers for missing middle housing, aka gentle density housing like accessory dwelling units, duplexes and triplexes. The city of St. Petersburg is already taking steps to address the issue. In 2019, city council approved the creation of a neighborhood traditional mixed residential zoning category, which allowed for the development of missing middle housing in certain neighborhoods…Original Article

Tracking the housing impact of households moving from pricey coastal markets to boom cities

Several metropolitan areas across the United States are seeing a radical shift in their housing landscapes because of relocations from higher-cost markets.Original Article

Denver’s condo queen is moving to St. Pete to help reshape national condo policy

Lori Greenly, the founder of Denver High-Rise Living who is known in The Mile High City as the “condo queen,” is moving to St. Petersburg to help evolve accountable condominium policies throughout the U.S. When Surfside’s Champlain Towers South condominium collapsed last summer and killed 98 people, Florida lawmakers responded by creating legislation that would strengthen what’s required of condominium associations, from having enough cash in their reserves to fund repairs to property inspections. It’s…Original Article