Housing Market

Tampa leaders are leveraging two public programs to address the lack of affordable housing and heightened investor competition in the single-family housing market. Data shows that the programs have been especially effective in bridging the gap in the city’s Black homeownership rates.

Nationwide, as in Florida, buyers have been backing out of home purchases at a record rate, recent figures show. About one out of every six contracts to buy a home in Miami-Dade County has been canceled so far this year.

Corporate investors don’t yet represent a large market share of single family homes. Experts say that could change.

On this week's Florida Roundup, we discuss the start of a much different year at Florida’s public universities after big changes pushed by the governor. Also, the cost of borrowing money to buy a house is rising, and a Florida school superintendent apologizes after Black students were singled out for an assembly about test scores.

Almost 2,900 eligible St. Petersburg communities and property owners have the option to convert their home or build up into four residences on a typical sized single-family lot.

Castor offers her thoughts on several issues ahead of the March 7 Tampa mayoral election.

A recent study found military families are spending more time and money to find places to live when they change duty stations.

Home purchases by investors recently declined in the top 10 U.S. cities by market share — including Tampa. Even so, data shows investors still hold almost 25% of the market share, or the total sales made in the market.

About 48% of the respondents said higher prices have impacted their ability to pay essential bills, and nearly three-fourths said it’s affecting their grocery spending.

At a 32.6% year-over-year rise, the greater Tampa Bay metro area trailed only Phoenix nationwide. Miami ranked third.

Low-income homeowners can apply for the funding to make critical safety improvements such as upgrading electrical wiring, removing mold, or rebuilding the home altogether.

The Tampa area had a 28.1 percent increase in home prices from October 2020 to October 2021, while the Miami area had a 25.7 percent increase.