Need to sell one house before you buy another? A bridge loan could help


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In Tampa Bay’s frenetic real estate market, buyers need to move fast when they find a house they like. That can be a problem if they have a house they need to sell. One solution: a bridge loan. This week, Ohio-based Third Federal Savings and Loan Association became one of the first lenders to revive a type of loan that…

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…

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…

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…

The price of homes in the Tampa Bay area continues to soar

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Tampa Bay home prices continued to soar in October, with Hillsborough County recording its biggest year-over-year gain since January. Pinellas, Pasco and Hernando counties also showed dramatic increases as buyers vied for an exceedingly tight supply of single-family homes — Pasco had less than a three-month inventory. And even though interest rates have risen slightly since the presidential election, there…

Millennials in Tampa Bay are starting to buy houses and that’s going to revolutionize real estate

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When Michael Berry first moved into Tampa’s Madison at Soho condos, he liked being smack in the midst of the lively bar and restaurant scene on South Howard Avenue. That was two years ago. Now Berry is 26, about to turn 27. So is his fiance, Alicia Kais. “We’ve had our fun here, but it’s a little loud, a lot…