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Report: Tampa Bay susceptible to a housing downturn amid recession

Report: Tampa Bay susceptible to a housing downturn amid recession

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Report: Tampa Bay susceptible to a housing downturn amid recession
Report: Tampa Bay susceptible to a housing downturn amid recession
Report: Tampa Bay susceptible to a housing downturn amid recession
Report: Tampa Bay susceptible to a housing downturn amid recession
bizjournals bizjournals | 1 year ago
The Tampa Bay housing market has reaped the benefits of people migrating to the area during the Covid-19 pandemic, but a Redfin report finds that may be coming to an end soon.  Areas where home prices soared during the pandemic, such as Tampa Bay, are most likely to amplify the effects of a housing downturn and declining home prices if the economy goes into recession. Redfin analyzed housing markets in the 98 U.S. metros where sufficient data was available using several housing-related indica...
The Tampa Bay housing market has reaped the benefits of people migrating to the area during the Covid-19 pandemic, but a Redfin report finds that may be coming to an end soon.  Areas where home prices soared during the pandemic, such as Tampa Bay, are most likely to amplify the effects of a housing downturn and declining home prices if the economy goes into recession. Redfin analyzed housing markets in the 98 U.S. metros where sufficient data was available using several housing-related indica...
Report: Tampa Bay residents support affordable housing measures
Report: Tampa Bay residents support affordable housing measures
Report: Tampa Bay residents support affordable housing measures
Report: Tampa Bay residents support affordable housing measures
bizjournals bizjournals | 2 years ago
The research team surveyed 12,000 people in 26 metro areas.
The research team surveyed 12,000 people in 26 metro areas.
Report: Tampa Bay is not in a housing bubble, but recession could be near
Report: Tampa Bay is not in a housing bubble, but recession could be near
Report: Tampa Bay is not in a housing bubble, but recession could be near
Report: Tampa Bay is not in a housing bubble, but recession could be near
bizjournals bizjournals | 1 year ago
As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow do not believe the market is in a bubble.  The latest survey polled more than 100 experts from academia, government and the private sector to seek a consensus opinion on the state of housing and the outlook. Sixty percent of respondents said they do not believe the U.S. housing market is currently in a bubble, compared to 32% who think the country is in a bubble; 8% said they were uns...
As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow do not believe the market is in a bubble.  The latest survey polled more than 100 experts from academia, government and the private sector to seek a consensus opinion on the state of housing and the outlook. Sixty percent of respondents said they do not believe the U.S. housing market is currently in a bubble, compared to 32% who think the country is in a bubble; 8% said they were uns...
Tampa Bay housing inventory continues to rise, report shows
Tampa Bay housing inventory continues to rise, report shows
Tampa Bay housing inventory continues to rise, report shows
Tampa Bay housing inventory continues to rise, report shows
bizjournals bizjournals | 1 year ago
Housing inventory rose for the third consecutive month in July, as active listings were up 30.7%, according to a Realtor.com report.  The report highlights that while buyers had nearly a third more for-sale home options in July than in the previous year, competition remained in favor of sellers, with listing prices near all-time highs and homes selling faster than before the start of the pandemic.  “The U.S. housing market continues to move toward more evenly balanced supply and demand com...
Housing inventory rose for the third consecutive month in July, as active listings were up 30.7%, according to a Realtor.com report.  The report highlights that while buyers had nearly a third more for-sale home options in July than in the previous year, competition remained in favor of sellers, with listing prices near all-time highs and homes selling faster than before the start of the pandemic.  “The U.S. housing market continues to move toward more evenly balanced supply and demand com...
Report: Tampa Bay housing market shows signs of cooling down
Report: Tampa Bay housing market shows signs of cooling down
Report: Tampa Bay housing market shows signs of cooling down
Report: Tampa Bay housing market shows signs of cooling down
bizjournals bizjournals | 1 year ago
Last month may go down as a turning point in the red hot housing market since the coronavirus pandemic's start.  A new report from real estate listings website Realtor.com found that the number of new listings to hit the market last month rose for the first time since June 2019 nationwide. As a result, May home shoppers had 8% more active listings to scroll through than they did last year. In Tampa Bay, new listings increased by 11.2% year-over-year with a median price of $437,000, a 30% inc...
Last month may go down as a turning point in the red hot housing market since the coronavirus pandemic's start.  A new report from real estate listings website Realtor.com found that the number of new listings to hit the market last month rose for the first time since June 2019 nationwide. As a result, May home shoppers had 8% more active listings to scroll through than they did last year. In Tampa Bay, new listings increased by 11.2% year-over-year with a median price of $437,000, a 30% inc...
Report: Tampa Bay housing prices up 70% since 2019
Report: Tampa Bay housing prices up 70% since 2019
Report: Tampa Bay housing prices up 70% since 2019
Report: Tampa Bay housing prices up 70% since 2019
bizjournals bizjournals | 1 year ago
Although the housing market is cooling across the nation, home prices in the Tampa Bay area are still far higher than before the pandemic, according to the latest Zillow report. Home sales are slowing down as rising mortgage rates drive up monthly payments. The data shows that newly pending listings nationwide are down 18% from August and 29% since 2021 across the U.S. as affordability challenges mount.  Homes in Tampa Bay saw a typical home value of $391,114, a 0.2% decrease since August, ...
Although the housing market is cooling across the nation, home prices in the Tampa Bay area are still far higher than before the pandemic, according to the latest Zillow report. Home sales are slowing down as rising mortgage rates drive up monthly payments. The data shows that newly pending listings nationwide are down 18% from August and 29% since 2021 across the U.S. as affordability challenges mount.  Homes in Tampa Bay saw a typical home value of $391,114, a 0.2% decrease since August, ...
Report: Tampa Bay housing market shows signs of cooling off
Report: Tampa Bay housing market shows signs of cooling off
Report: Tampa Bay housing market shows signs of cooling off
Report: Tampa Bay housing market shows signs of cooling off
bizjournals bizjournals | 1 year ago
The once red-hot housing market is showing signs of cooling off.
The once red-hot housing market is showing signs of cooling off.
Report: Homebuilding in Tampa Bay slows down as housing market cools off
Report: Homebuilding in Tampa Bay slows down as housing market cools off
Report: Homebuilding in Tampa Bay slows down as housing market cools off
Report: Homebuilding in Tampa Bay slows down as housing market cools off
bizjournals bizjournals | 1 year ago
Sun Belt metros continue to be one of the hottest places for homebuilders throughout the nation, according to a new report that highlights which areas need it the most as inventory continues to dwindle. Seattle-based Redfin Corp. (NASDAQ: RDFN) recently found that 49 of 53 U.S. metropolitan areas with more than 1 million residents issued more single-family building permits per capita in the first quarter than they did on average in the 10 years before the pandemic. While homebuyer demand has s...
Sun Belt metros continue to be one of the hottest places for homebuilders throughout the nation, according to a new report that highlights which areas need it the most as inventory continues to dwindle. Seattle-based Redfin Corp. (NASDAQ: RDFN) recently found that 49 of 53 U.S. metropolitan areas with more than 1 million residents issued more single-family building permits per capita in the first quarter than they did on average in the 10 years before the pandemic. While homebuyer demand has s...
Report: The best time to sell for Tampa Bay homeowners is approaching
Report: The best time to sell for Tampa Bay homeowners is approaching
Report: The best time to sell for Tampa Bay homeowners is approaching
Report: The best time to sell for Tampa Bay homeowners is approaching
bizjournals bizjournals | 2 years ago
Timing matters when selling your home in Tampa Bay.
Timing matters when selling your home in Tampa Bay.
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
Report: Home prices drop, but Tampa Bay homebuyers see little relief
bizjournals bizjournals | 1 year ago
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the marke...
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the marke...