As home prices continue to rise, what will $215,000 get you across Tampa Bay?

Within 24 hours of listing a 1,000-square-foot bungalow near Tampa’s Seminole Heights, agent Bob Matthews received four offers. The compact but adorable house went under contract in two days and sold in May for $215,000 — $20,000 more than the asking price. “You really can’t buy anything that nice for $215,000 in South Tampa or Westchase so Seminole Heights is…

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

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…

Tampa Bay home prices in 2016 saw biggest gain in six years but will 2017 be as strong?

In 2012, during the bleakest year of the foreclosure crisis, a three-bedroom, two-bath house in St. Petersburg’s Russell Park sold in a distressed sale for $118,000. Just before Halloween last year, the same house went back on the market. More than 65 people showed up at the first open house, and six put in offers, all higher than what the…

Hundreds of million-dollar Tampa Bay homes have been bought with cash, but this isn’t Miami — yet

The recent all-cash sale of a Belleair estate for $6.7 million shows that big cash deals are not limited to international hot spots like Miami and Manhattan. In the past two years, 450 buyers have paid cash for Tampa Bay homes costing more than $1 million. The vast majority of those buyers have been open about their ownership. But federal authorities…

Tampa Bay is one of the most affordable housing markets, but mortgage rates top nation

The Tampa Bay area ranked among the nation’s most affordable housing markets at the end of 2015 even though its average mortgage rate was the highest of all major metro areas, a new study shows. To afford the bay area’s median priced home of $175,000, a buyer needed a gross salary of $41,922. That was seventh lowest among the 27…

Forbes: Tampa a top market for investors hunting for good housing deals

Tampa is among the nation’s top markets for investors hunting for good housing deals. That’s according to a new study that found a hot investment climate in six other Florida cities, as well. Forbes magazine and Local Market Monitor, a North Carolina-based data company, teamed up to produce a list of the 20 “best buy” cities — those where “investors…

Did home sales in Tampa Bay jump ahead of the Fed’s interest rate hike?

With Florida’s real estate market “definitely tightening,” as one economist put it, home sales in the Tampa Bay area showed decidedly mixed results in November. In Pinellas and Hillsborough counties, year-over-year sales of single-family homes were essentially flat, although sales of condos and townhomes jumped substantially — 13 percent in Hills­borough and 16.6 percent in Pinellas. Pasco and Hernando counties…