News

20-story residential building planned for 17th Street moves forward

A 20-story residential tower with retail space fronting the Pinellas Trail is coming to 17th Street South after the St Pete City Council voted unanimously to approve the project earlier this month. St Pete Rising first reported on plans for the mixed-use development proposed by Mill Creek Residential Trust in March. The approved $80 million …

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12-unit apartment building proposed for 3rd Avenue South in downtown St. Pete

Article via https://stpeterising.com/home/2021/6/15/12-unit-apartment-building-proposed-for-3rd-avenue-south-in-downtown-st-pete Construction will soon begin on a 12-unit multi-family building at the southwest corner of 3rd Avenue South and 7th Street in downtown St. Pete. Last week, St. Pete’s Community Redevelopment Agency unanimously approved the three-story building which is being developed by Brad Campbell. Campbell is also developing a similar project at 357 …

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Car-Dependent Neighborhoods Are Hotter Than Ever Mid-Pandemic, With Home Prices Up 15%

Article via https://www.redfin.com/news/home-prices-rising-car-dependent-walkable-neighborhoods/ Supply is down and competition is fierce in suburbs and rural areas. The housing market is also hot in walkable urban neighborhoods, with prices up 11%, as homebuyers display renewed interest in city life. The median home-sale price in car-dependent neighborhoods nationwide rose 14.9% year over year to $345,000 in October, the …

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Are We In A Housing Bubble Or Blip? We’ve Got The Answers

Article via – https://www.forbes.com/advisor/mortgages/housing-bubble/ Talk to almost any housing expert and they will likely say the housing market is not in a bubble. This is despite that home prices are soaring at historical highs across the country. In February, prices surged 12% year-over-year, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index, …

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Projecting the Value of Homes in the US in 2030

Article via https://www.renofi.com/blog/projecting-the-value-of-homes-in-the-us-in-2030-analyzing-the-impact-of-covid-19/ One of the most common reasons for home renovations is the positive impact that they can have on the value of your home. Taking out a home renovation loan can be a real investment in your future. And one of the main considerations when planning home renovation work is a home’s future value. …

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24-unit townhome project proposed for the Grand Central District in St. Pete

Article via St Pete rising Earlier this year, St. Pete Rising reported on the sale of a quarter-acre site at the corner of Central Avenue and 28th Street in the Grand Central District. The lot was sold to ASH Developers who plans to construct a 5-story mixed-use building on the site. The project is expected …

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13-story mixed-use building planned for St. Pete’s EDGE District moves forward

Article via -https://stpeterising.com/home/2021/5/27/13-story-mixed-use-building-planned-for-st-petes-edge-district-moves-forward A thirteen-story mixed-use building that incorporates workforce housing and preserves a portion of the existing historic building could soon be coming to 900 Central Avenue in the EDGE District. On Thursday, the City administratively approved a Floor Area Ratio (FAR) bonus and a building height bonus. Located on the corner of Central …

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Lumber is adding $34,000 to the cost of a new house: BofA report

Rising lumber prices have contributed significantly to the increase in home prices, according to a new Bank of America (BAC) Global Research Report. The report analyzed recent data on the housing market. Its key findings included record-tight supply and low affordability, the overheating of the housing market as a whole, and high construction costs. Among …

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It’s easy to sell a home these days. The catch is you have to find another one to buy

This is the best time to sell a home in 20 years. Inventory is near all-time lows and home prices are at peak levels. Even the most ‘ho-hum’ homes are getting multiple offers and selling lightening fast.But once you’ve sold your home, then what? The delight of selling fast with a tidy profit can quickly …

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