Saint Petersburg Real Estate News
Saint Petersburg
Despite Covid, U.S. Senior Housing Sector Shows Investor Resilience in 2021
According to CBRE's latest U.S. Seniors Housing & Care Investor Survey, seniors housing has shown strong resilience to the adverse impacts of the COVID-19 pandemic, with the vast majority of operators reporting pent-up investment demand and positive leasing trends in the first half of 2021.
U.S. Home Sales Down for Fourth Consecutive Month in May
According to the National Association of Realtors, existing-home sales decreased for a fourth straight month in May 2021. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. However, each of the four areas again registered double-digit year-over-year gains.
Over Half of U.S. Homes Sold in May Were Above List Price
National property broker Redfin is reporting this week that the national median home-sale price in the U.S. hit a record high of $377,200 in May 2021, up a record 26% year over year.
Florida Home Sales Spike 21 Percent Annually in December
Florida's housing market in December 2020 showed more closed sales, more new pending sales, higher median prices, and more new listings compared to a year ago. Single-family existing-home sales rose 21% compared to a year ago.
Saint Petersburg Property News
Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.
Posted on October 11, 2019
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