Monday, April 23, 2018
Real Estate

Tampa Bay ranks No. 1 among affordable markets for first-time homebuyers

Despite steadily rising prices, Tampa Bay is the most affordable market for first-time homebuyers. That’s according to Zillow, which based its findings on several variables including median home value, forecasted growth in home value and share of listings with a price cut.

Other metro areas among the top 10 most affordable are Indianapolis, Houston, Orlando, San Antonio, Saint Louis, Philadelphia, Atlanta, Las Vegas and Dallas. First-time buyers would have the hardest time finding an affordable home on the West Coast.

Comments
Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

WESLEY CHAPEL — Olympic gold medalist Michael Phelps will splash down Saturday at the Crystal Lagoon in Wesley Chapel’s Epperson development.Phelps, a global ambassador for Crystal Lagoons, will appear at the grand opening of the first Crystal Lagoon...
Updated: 2 hours ago
Another surge in Tampa Bay home prices as sales sag

Another surge in Tampa Bay home prices as sales sag

Homes sales tumbled in Tampa Bay in March, once again pushing up prices. Hillsborough saw the biggest decline as year-over-year sales of single family homes plunged nearly 9 percent. But prices continued to climb, with Pasco leading with a 9.5 perc...
Updated: 3 hours ago
Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Tampa Bay foreclosure defense lawyer Mark Stopa has violated numerous rules of professional conduct and caused two clients to nearly lose their homes because he failed to tell them about settlement offers from their banks. Those were among the prelim...
Published: 04/20/18
Updated: 04/21/18
Owners say new house is a disaster; developer accuses them of ‘online terrorism’

Owners say new house is a disaster; developer accuses them of ‘online terrorism’

ST. PETERSBURG --- Stretched across the front of Tim and Hyun Kims’ two-year-old house is a big banner with the name of a developer and the words: "I have to fix my new house."Some of what needs fixing is instantly apparent. The front steps are too ...
Published: 04/20/18
Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

TAMPA — Developers on Thursday detailed plans for what they touted as the tallest building on Florida’s west coast, with condominiums priced in six and seven figures and a shimmering glass design they say would stand out in the skylines of New York, ...
Published: 04/19/18
Updated: 04/20/18
Marriott Edition to bring five-star hotel ambitions to Water Street Tampa

Marriott Edition to bring five-star hotel ambitions to Water Street Tampa

TAMPA — At the Gramercy Park Hotel in New York City, hotelier Ian Schrager transformed a Jazz Age building with its own rich history into a destination offering even more heady experiences — extravagant, edgy and bohemian.In Tampa, Schrager will have...
Published: 04/19/18
Updated: 04/20/18
Tampa Bay homes selling less quickly than in many other areas

Tampa Bay homes selling less quickly than in many other areas

Despite a booming market, homes in the Tampa Bay area took longer to sell in 2017 than those in many other parts of the country. According to Zillow, the average time between listing and closing for a bay area home was 81 days last year, the same as ...
Published: 04/17/18
Tampa Bay firm buys $80 million in loans backed by Louisiana hotels, restaurants, apartments

Tampa Bay firm buys $80 million in loans backed by Louisiana hotels, restaurants, apartments

ST. PETERSBURG — The collapse of a New Orleans bank is proving a boon to a fast-growing St. Petersburg real estate finance firm. Directed Capital has acquired $80.2 million in distressed loans originated by the failed bank and collateralized by hotel...
Published: 04/16/18
Water Street Tampa launching vertical construction, starting with JW Marriott on April 24

Water Street Tampa launching vertical construction, starting with JW Marriott on April 24

TAMPA — Water Street Tampa will formally start construction on its 26-story JW Marriott hotel on April 24, developers said Friday."It’s exciting," Tampa Bay Lightning owner Jeff Vinik said in an interview this week. Vinik has teamed up with Microsoft...
Published: 04/13/18
State: Hurricane Irma caused $8.6 billion in insured losses

State: Hurricane Irma caused $8.6 billion in insured losses

Claims data is still rolling in for Hurricane Irma, which caused much more damage than previously thought. The Florida Office of Insurance Regulation revised its estimate of insured losses from the September 2017 storm to $8.61 billion on Thursday, u...
Published: 04/13/18