On Monday, a circuit court judge invalidated the Hillsborough County transportation tax referendum, which was due to appear on the November ballot. The referendum that asks voters to approve a 1% sales tax on transportation, was ruled both “ambiguous and misleading.” Yesterday, in a 5-2 party-line vote, the Hillsborough County Commission said they would appeal…
In March of 2016, Dennis MacDonald stepped into the role of Chief Executive Officer at Greater Tampa REALTORS®, and today, it is with a heavy heart we announce his departure from this position on Friday, October 21. Dennis expresses that this decision did not come lightly as he works with an innovative and supportive team…
We hope this message finds you and your family safe from the storm. Our hearts and prayers go out to all Floridians affected by Hurricane Ian. The storm was one of the strongest hurricanes on record for the state and it wreaked havoc over large portions of southwest Florida causing mass destruction. Everyone’s safety and…
With low inventory and a growing number of people looking for places to live, the housing market has become ripe for scammers. Real-estate rental scams have now become a persistent problem in the Tampa Bay area. Data from the FBI’s Internet Crime Complaint Center reports the number of victims and loss amount is on the…
Florida’s consumer confidence rose for the second month in a row, from 61.1 in July to 65.2 in August. Looking toward the remainder of the year, national consumer confidence and the ability to endure the higher cost of living will be key to economic activity as talks of a recession continue to grow. The Biden…
While most cities across the country saw a break last month from price increases, Tampa’s metropolitan area experienced double-digit inflation of up to 11.2%. Hardly a change from the 11.3% high in May. In July, the Tampa Bay area’s inflation was 4.7 percentage points higher than New York City. While local motorists saw gasoline costs…
There have been several recent discussions on whether the economy is in a recession. In June, fast-rising home prices and interest rates coupled with an uncertain economy helped cool the nation’s housing market. This led to a nearly 2% increase in the number of homes on the market. That marks the first month since…
Florida ranked No. 3 as the most stable housing market in the U.S., according to an analysis by CNBC that weighed each state’s economic health, annual home price appreciation, new construction per year, and foreclosures and insolvency from the beginning of 2022. Rising prices and rates of construction still reflect strong demand for the state as we are seeing gradual signs of housing inventory recovery. The consumer…
Tampa is making headlines again, and this time for home prices. Tampa recorded the highest year-over-year home price increase of the nation’s 20 largest metro areas in May. While Florida posted the highest home price gain at 33.2% year-over-year. Home prices across the country increased 20.2% in May 2022, compared to May 2021. Month-over-month prices…
While total home sales decline, investor purchases still remain above pre-pandemic levels. Four cities in Florida made Redfin’s top-10 list for investors. Tampa ranked No. 8 on the list at 24.7% of homes purchased by investors in Q1 of 2022, down 16.5% quarter-to-quarter. “Investor home purchases are falling for the same reason overall home purchases…