Apartment rent hikes in Tampa above national average
People renting apartments locally are paying much more than they did a year ago. This February in Tampa, the average rent price was $1,166, 5.7 percent higher when compared to the same month a year ago. The spike was the 10th-largest increase in the nation, according to the February Yardi Matrix report provided by RentCafe. The national average increase was 4.3 percent. Stockton and Sacramento, Calif., had the highest year-over-year increases in rent prices at 12.3 and 10.7 percent, respectively,…Original Article
Black Knight Financial Services released its latest data on the housing market showing prices continuing to increase, even though some sectors of the industry are being affected by interest rate hikes. For much of the last two years, home appreciation across the nation has incrementally increased attributed to a recovering economy. However, low interest-rates have also fueled some of the strength of the housing market. "U.S. home prices started 2017 the way they ended 2016, by continuing a trend…
Young home buyers today don’t equate home ownership with the American dream, but they do in large numbers view it as beneficial for their long-term financial standing, according to newly available data from Bank of America. BofA’s second-annual Homebuyer Insights Report, released this morning, reports that 80 percent of millennial homeowners view owning a home as having a positive impact on their long-term financial picture. Additionally, 68 percent of those young buyers say they view their…
Residents of Washington, D.C., Miami, Detroit, Houston and Chicago want out — and not many house-hunters want in. Meanwhile, Seattle, Tampa and Portland are popular targets for homebuyers who live elsewhere as well as residents who already live in those cities. That's according to Seattle-based Zillow, which has analyzed searches from house-hunters to figure out which U.S. cities residents want to leave and where they want to stay. By comparing the locations of its users with the cities that…
A Tampa developer is planning to knock down a one-story 1960s home on Bayshore Boulevard and replace it with a massive speculative mansion. James Ramos, owner of Ramos Design Build Corp. and Re/Max Bay to Bay in Tampa, has designed a nearly 7,000-square-foot speculative mansion for the half-acre lot at 2901 W. Euclid Ave., which has 165 feet of frontage on Bayshore Boulevard. A corporate entity tied to Ramos acquired the property in late February for $1.5 million. He's planning a demolition party…
South Florida has just reached new heights, adding to its skyline the tallest building in Florida and south of Manhattan. Looking over downtown Miami’s Brickell Avenue at 85 stories, Panorama Tower includes 821 rental units served by 45,000 square feet of amenities; 208 hotel rooms by Hyatt Centric; 100,000 square feet of office space; and high-end retail outlets and restaurant space spanning about 50,000 square feet. The entire project, built by developer Tibor Hollo’s Florida East Coast Realty,…
At The Business Journals, we strive to keep tabs on all sectors of the local economy. That means watching local home sales, and the past month provided some high-profile activity. We spotted homes for sale in April associated with pop music superstars past and present, a rock drummer, a Hall of Fame linebacker, and more. Check out the rundown below for some of these boldface names who appeared on local real estate rolls — as well as the attached gallery for additional pictures. Boston— “Why…
Tampa developer James Ramos, owner of Ramos Design Build Corp. and Re/Max Bay to Bay in Tampa, demolished a one-story 1960 home on Bayshore Boulevard this week in order to replace it with a massive speculative mansion. Ramos Design Build hosted over 100 people during the demolition event, which was completed within 45 minutes, according to a release. View the photo gallery from the event above, and read more about Ramos' project here.
The $12 million price was less than he paid for the condo nearly a year ago.
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