Pasco sellers are the big winners in April as Tampa Bay home prices keep rising

Sales down; prices up. That in a nutshell described the real estate market in Tampa Bay and a few other parts of Florida in April as once again there were too many buyers and too few available homes. “Pent-up demand continues to put upward pressure on prices,’’ said Christine Hansen, president of Florida Realtors. “In April, sellers continued to get…

Florida leads other hurricane-prone states in quality of its building codes

Florida has the strongest residential building codes among 18 coastal states, according to a new study by the Insurance Institute for Business & Home Safety. Florida’s rating is 95, almost three times higher than lowest-ranked Texas. Other states with high scores are Virginia (94), South Carolina (92) and New Jersey (90). Noting that 25 million people in the United States…

Another surge in Tampa Bay home prices as sales volume sags

Tampa Bay home sales tumbled in March, once again pushing up prices. Hillsborough County saw the biggest decline in single-family sales, which plunged nearly 9 percent. Hernando had the biggest gain in prices, up more than 17 percent. The Tampa Bay results parallel those statewide as a shortage of homes for sale is creating a “cycle of frustration” for buyers,…

Tampa Bay homes prices soar by double-digits in January

Home prices soared in Pinellas and Hillsborough counties in January, the highest gains in several months. Prices for single family homes also rose in Hernando and Pasco as the shortage of available homes showed no immediate sign of easing. The bay area market reflected a broader trend of rising prices and sluggish sales. “The utter lack of sufficient housing supply…

Hurricane Irma hurt some Tampa Bay home sales even in October

Pinellas County home sales took another hurricane-related hit in October as the rest of the Tampa Bay area bounced back from Hurricane Irma. But while prices in all four counties rose once again, the rate of increase continues to slow. Hillsborough’s 3.6 percent increase was the lowest in more than two years although the county recorded the second highest price…

Five ways the proposed tax plan impacts Florida

The proposed federal tax overhaul — outlined in depth in the 429-page “Tax Cuts and Jobs Act” — will affect every taxpayer differently. But in multiple ways, most Floridians will be less adversely impacted than others since Florida has no state income tax, no state estate tax and has both relatively affordable housing and median household incomes lower than most…