Saint Petersburg
Real Estate News

Florida Residential Sales, Prices, Listings All Uptick in April

Florida Residential Sales, Prices, Listings All Uptick in April

According to Florida Realtors, in April 2018, Florida's housing sector reported more closed sales, higher median prices and more new listings from owners ready to enter the market. Read More »


Florida Median Home Prices Continue to Uptick in 2018

Florida Median Home Prices Continue to Uptick in 2018

According to the Florida Association of Realtors, Florida's housing market reported slightly more new listings and higher median prices during the first quarter of 2018. Read More »

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion. Read More »

Foreclosure Activity in Half U.S. Markets Now Below Pre-Market Crash Levels

Foreclosure Activity in Half U.S. Markets Now Below Pre-Market Crash Levels

According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report. Read More »


Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated May 30, 2018 9:00 AM ET

Saint Petersburg Property News

According to the National Association of Realtors, a big surge in the Northeast and a smaller gain in the South pushed U.S. existing-home sales up in November 2016 for the third consecutive month.

STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August.

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

Based on Freddie Mac's latest Primary Mortgage Market Survey, average fixed mortgage rates in the U.S. dropped to new 2016 lows in the wake of the Brexit vote.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Technology firms and start-ups aren't just exploring new U.S. markets, and they're starting to plant roots.

Irvine, Ca based CoreLogic is reporting this week that distressed property sales in the U.S. accounted for 9.4 percent of total home sales nationally in June 2015.

U.S. foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent since July 2014.

CoreLogic is now reporting that distressed sales -- real estate-owned (REO) and short sales -- accounted for 11.1 percent of total home sales nationally in April 2015

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