Tax change on mortgages could shake up the housing market
The proposal has vast geographical disparities and, if left unchanged, woud echo loudly through higher-priced cities on the coasts.
Entries by Market Tampa Investments
$7 million home on Sarasota’s waterfront up for auction (Photos)
Sarasota’s largest bay front property is up for auction with no minimum bid. It was previously listed for just under $7 million. The 8,500-square-foot home located at 7922 South Holiday Drive on Little Sarasota Bay sits on a 3.5-acre lot with 260 feet of waterfront. Built in 2001, the five-bedroom, five-and-a-half-bath home features a 125-foot boat dock where the water sports enthusiast can access several boat lifts. The Schemmel Property Group, an affiliate of Premier Sotheby’s International…
See where LendingTree ranks Florida among destinations for homebuyers
Homebuyers moving out of state are heading south, with Florida the No. 2 most-popular destination, a new study from LendingTree shows. LendingTree says it reviewed purchase mortgage loan requests for primary residences in all 50 states in the last year — from October 2016 through October 2017 — to find the percentage of all requests from residents looking to move outside of their current state. The results reveal the most popular new destination for each state along with the percentage of…
Rent or own? Best metros to buy a home
Deciding whether to rent or buy a home is typically based on the cost of rent versus a mortgage payment. Financial technology company SmartAsset has identified the top 10 metro areas where buying is a better option than renting. Little Rock, Ark., came in first place on SmartAsset's list. The area’s average home price is $196,120 and average monthly mortgage payment is $496, while the average monthly rent is $1,146. Here are the cities behind Little Rock: 2. Louisville, Ky., $575 average…
See where home values are growing rapidly, and where Tampa lands among the top 60 markets
Home values are appreciating more rapidly in the Buffalo area than in a majority of the nation’s markets, according to a new breakdown of statistics from Zillow, the real-estate website and data-collection firm. Business First analyzed Zillow’s estimated home values for America’s 60 largest metropolitan areas between August 2010 and the same month this year. Buffalo ranks 27th with a seven-year gain of 29.1 percent in the value of the typical home. Click on the View Slideshow button for a…
Investors push into a resurging market: House flipping
The finance industry around house flipping has been active for decades, and it has been ticking up lately. Last year, 5.7 percent of all home sales were flips, the highest level since 2006.
The Amazon Effect: Mr. Bezos goes to Washington
Amazon is quietly building a significant base of influence in the nation’s capital, cracking the top 20 lobbying spenders last year, increasing its political donations, and selling more than a billion dollars’ worth of cloud services to the federal government.
Why big cities thrive, and smaller ones are being left behind
Whether they rely on steel mills or coal mines, or a hospital or a manufacturing plant, small metropolitan areas are having a hard time adapting to economic transitions.
This city is the ‘hipster capital’ of the United States
So long Seattle. Peace out Portland. The hipster capital of the United States is now Columbus. (Or Cbus. Or whatever the hipsters call it these days.) Yelp and Realtor.com have named Columbus the place for hipsters — ahead of Seattle, San Francisco and 297 other cities in the United States. And, according to the two companies, the hottest hipster neighborhood is Clintonville. (More on that later.) The two companies used a ” hipster score” that involves cross-referencing Realtor.com's measure…
Hipsters create hot housing markets
Farm-to-table restaurants, dive bars, breweries and independent record stores give a city a “hipster” vibe – and also attract unexpected home buyers. Realtor.com and Yelp ranked the Hottest Hipster Markets in America, which have strong buyer demand with homes selling in about 30 days. Javier Vivas, director of economic research for Realtor.com, said in a news release that “a concentration of hipsters seems to be an indicator of a hot housing market.” Columbus, Ohio, ZIP 43202, came in first…