Renters in Tampa Bay paying higher percentage of their incomes for housing than homeowners


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Rents in the Tampa Bay area are eating up a bigger chunk of personal income, making it harder for people to save for a down payment — at time when homes otherwise are affordable by historical standards. A new study by Zillow found that bay area renters paid an average of 32.4 percent of their monthly income on rent in…

Study: Property values increase in areas where Trader Joe’s locates

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In addition to triple ginger snaps, orange chicken and wild mushroom & black truffle flatbread, here’s another reason to like Trader Joe’s: It might drive up property values. Both nationally and in the Tampa Bay area, homes near Trader Joe’s markets have shown a greater increase in value from time of purchase than homes near the stores of rival chain…

New York style brownstones planned for downtown St. Petersburg

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Five high-end, New York-style brownstones are now planned for the downtown St. Petersburg site where a 16-story luxury condo tower once was proposed. Frank Menna, who owns the vacant lot on First Street N and Fourth Avenue, said Wednesday that the new project is a joint venture with hotel and restaurant owner Steve Gianfilippo. “I had the high-rise thing going…

Tampa Bay homes sales soared in June

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Tampa Bay home sales skyrocketed in June, making it the strongest month in the past year. Year-over-year sales of single-family homes — which make up the bulk of the residential real estate market — soared 31.7 percent in Pasco County, 29.5 percent in Pinellas and 27.4 percent in Hillsborough.

Why some Tampa Bay homes sit on the market for years

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As nearby properties changed hands, the Odessa house sat unsold through two presidential elections, a recession, a recovery and enough celebrity gossip to fill seven years of People magazine. Finally, after 2,552 days with no buyer in sight, the listing expired in January. “It’s a very pretty house,” real estate agent Robert Romano said, “but I’m letting it sleep for…