Tampa Bay is nation’s second best area for first-time homebuyers


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For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers, a new Zillow report says. As millennials — those in the 18-34 age group — “reach the typical home buying age,…

Flipping houses stays red hot and Tampa Bay remains one of its favorite markets

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Daniel Paloscio has an enviable record flipping homes. Last April, he and a partner paid $275,000 for a house in a coveted South Tampa neighborhood. After renovations, they sold it in November for $515,000 — a gross profit of $240,000. That wasn’t their only impressive flip. A Tarpon Springs house Paloscio snagged for $170,000 last year sold six months later…

Former Steinbrenner home on Davis Islands sells for nearly $6.3 million

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Tampa’s Bay’s luxury market is kicking off another strong year with the $6.275 million sale of an 8,000-square-foot bayfront home on Davis Islands. The seven-bedroom, seven-bath home sold in late January in an off-market transaction. The deed had not been recorded as of Friday, but the seller was a pair of trusts in the name of Christina S. Lavery, records…

Which Tampa Bay neighborhood home values will rise most this year? The answer may surprise you.

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Most Tampa Bay residents have never heard of Westminster Heights. But the St. Petersburg neighborhood could give a lot of bang for the buck when it comes to investing in real estate this year. Lying south of Central Avenue between 49th and 58th Streets S, Westminster Heights tops Zillow’s list of the five bay area neighborhoods expected to show the…

Tampa Bay homes values soared in 2016 but so did rents

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Happy New Year, Tampa Bay — you’re worth more than you used to be. In the year just ended, the total value of the bay area’s housing stock soared 10.3 percent, nearly twice as much than the nation as a whole, according to a new report from Zillow. Dollar-wise, bay-area homes collectively exceed the market value of such giants as…

Downtown St. Petersburg’s condo boom shows no signs of slowing

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Fresh from a $10.5 million facelift, one condo tower is again in high demand. Another tower, not yet finished, already is sold out with a double-digit waiting list. And a third boasts Tampa Bay’s priciest residential sale this year. Yes, St. Petersburg downtown condo boom is more torrid than ever. “I don’t see anything changing that,” says David Traynor, vice…