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Sales of new homes sink to lowest level since pandemic as high costs and slim pickings frustrate buyers
Sales of new homes in the U.S. fell in June to the lowest level since the first month of the U.S. coronavirus pandemic in early 2020, as high prices and a limited selection frustrated scores of would-be buyers. New-home sales dropped 6.6% to an annual rate of 676,000, the government said Monday. That’s how many […]
The Palm Beach Boom
Prices and sales volumes are hitting record highs as ultrawealthy buyers jockey with each other for scarce inventory and a slice of Florida coastline. As the ink dried on a $122.7 million deal for the sale of a contemporary oceanfront Palm Beach mansion this past February, real-estate agent Ryan Serhant toasted his success with a […]
Here’s how to tap your house for cash as home prices soar
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available, tappable equity has never […]
U.S. Median Existing-Home Price Hit New High in June
The median U.S. home price rose to a new high of $363,300 in June as strong demand pushed home sales higher. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association of Realtors said Thursday. June sales rose 22.9% from a year earlier. […]
Look inside Cora, Water Street Tampa’s new apartment tower, now pre-leasing
Another high-rise tower is preparing to welcome new residents to downtown Tampa. Cora, the second residential building to open in the Water Street Tampa development, announced that it began pre-leasing apartments on Wednesday and will be move-in ready by September. The 23-story tower at 1011 E Cumberland Ave. has 338 units ranging in price from […]
Tampa Bay rents sky high
Anyone renting or apartment-hunting around Tampa Bay knows that rents are going up, as the area’s housing continues to be in breathless demand. But new data reinforces what some locals have already suspected: These are not everyday hikes. Tampa Bay’s average asking rent rose 15.6 percent in the first half of 2021, according to data […]