Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in the aftermath of the crisis, as litigation-weary lenders retreated to patch up their balance sheets. But over the past couple of years a group of specialist firms has begun to bring the loans back, navigating a dense web of new rules drawn up to protect borrowers and investors in the $9.3 trillion U.S. home-loan market.
Facebook, in response to criticism over the last 17 months, has repeatedly promised that it would crack down on advertisers who use those tools to show housing or employment ads to whites only.
A new report by Black Knight Data & Analytics found that while the percentage of Florida’s 90-day mortgage delinquencies has fallen about .3 percent since December, the state again ranked highest in the category in February, suggesting Hurricane Irma’s impact continues to linger. Serious delinquencies in Florida spiked from 3.04 percent in November to 4.14 percent in December, but fell below four percent in January. February saw a modest 0.1 percent decline to 3.84 percent. Florida has ranked…
Practice is a boutique firm with an emphasis on urban projects, launched at a time when sprawling, car-centric Tampa is beginning to embrace urban spaces and walkable neighborhoods.
A developer whose portfolio includes two 50-plus story condo towers in Miami has joined the Riverwalk Place project in downtown Tampa. Two Roads Development, based in West Palm Beach, is now the residential developer in Riverwalk Place, the 53-story, mixed-use tower that will stack luxury condos on top of office space on the last developable parcel on the downtown waterfront, at Ashley Drive and Brorein Street. It is slated to include ground-floor restaurant retail space, seven stories of parking,…
Renting is getting much more expensive in Tampa Bay cities. RENTCafe's February 2018 Apartment Market Report shows renters in St. Petersburg saw the 16th-highest year-over-year increase in average rent among the 250 cities included in the study. While St. Petersburg's increase of 7.1 percent was the highest in the region, all of the Tampa Bay cities included in the report showed an increase higher than the national average of 2.7 percent. The cities included are Tampa (5.2 percent), Lakeland (6.5…
In Menlo Park, Facebook is building a real community and testing the proposition: Do people love tech companies so much they will live inside them?
Tampa is home to some of the best neighborhoods in the country, according to research and review site Niche. Three local neighborhoods ranked in the top 50 in the country in Niche's 2018 Best Places to Live in America report. Harbour Island was the highest-ranked local neighborhood, at No. 14, followed by Spanishtown at No. 27 and Courier City/Oscawana at No. 50. Niche uses a variety of sources, including federal and local government data, proprietary data and community reviews from each area.…
Tampa's Casper family officially owns the historic Bayshore estate that they plan to convert to a private social club. The Caspers' $9.5 million acquisition of the Stovall-Lee estate, at 4621 Bayshore Blvd., is the highest priced home sale in Tampa history and the third highest for all of Pinellas and Hillsborough counties. The deal closed Monday. A home in Belleair sold for $11.2 million in April 2017; a Belleair property fetched $10.25 million in 2007. Jennifer Zales, an agent with Coldwell…
While new developments in suburban areas around Tampa Bay tend to comprise subdivisions of production homes, some local areas are being redeveloped one custom home at a time. The March 2 weekly edition of the Tampa Bay Business Journal contains the List of the largest custom homebuilders in the Tampa Bay area. While they reported building across the region, the focus tends to be on South Tampa, Davis Islands, St. Petersburg and many waterfront areas. Builders on the List handle homes priced anywhere…