Economist says millennials will determine future of housing market

The chief economist of Fannie Mae, the national mortgage giant, came to town this week with a mixed bag of news about the housing market. Among the positives: Even if the Federal Reserve raises interest rates in September, rates on mortgage loans are likely to remain low for several more months, economist Douglas Duncan said. Home sales are expected to…

Tampa area home sales, median prices rose in February

TAMPA — Home sales in the Tampa Bay metro area and the median price for those homes were both up in February, with fewer homeowners under water on their mortgages, new reports show. Home sales in the Tampa-St. Petersburg-Clearwater metropolitan statistical area went up 28.6 percent in February compared to 2014 and the median home price in February was $154,000,…