Tuesday, January 16, 2018
Business

Tampa Bay home price appreciation slows compared to other major metros

Home-price appreciation in the Tampa Bay area is slowing — good news for buyers, less so for the many Florida homeowners still seeking relief from underwater mortgages. Tampa Bay's median single-family home price grew just 1.3 percent in the second quarter from a year ago, making the metro market one of the slower to appreciate among the 25 largest metros in the country. In contrast, Orlando market prices rose 13 percent in the quarter, followed by Miami-Fort Lauderdale at 7.6 percent. Nationwide, single-family housing prices grew 4.4 percent in the second quarter from a year ago, the slowest annual pace since 2012, according to the National Association of Realtors. The association found that median prices for existing single-family homes grew year-over-year in 122 out of 173 metropolitan areas it tracked, while prices declined in 47 metro areas. Only 19 areas showed double-digit year-over-year price increases, a substantial drop from the 37 cities that showed such increases in the first quarter.

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23 seek vacant PSC post

23 seek vacant PSC post

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St. Petersburg’s apartment boom is spreading west

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Florida raises insurance regulation grade from C to B

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Updated: 2 hours ago

US travel industry launches plan to reverse tourism decline

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Updated: 2 hours ago
Raymond James advice for small to mid-sized companies about activist shareholders? Prepare and listen

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Dow bursts through 26,000 in record seven trading days

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Updated: 4 hours ago
Italian Butterfingers? Nestle selling candy business for $2.9B

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Updated: 5 hours ago
Pinellas is at the center of a rise in Florida flu outbreaks

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Updated: 5 hours ago
Arizona-based AFI Mortgage opens St. Petersburg branch

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Some fear Spa Beach billowing net sculpture could catch birds and storms

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Updated: 10 hours ago