Saint Petersburg
Real Estate News

Aided by Strong Inbound Migration, Florida Home Sales Explode

Aided by Strong Inbound Migration, Florida Home Sales Explode

Florida Realtors are reporting that the sunshine state's housing market continued to be a bright spot for the state's economy in October 2020, even as the coronavirus pandemic showed no signs of easing. Read More »


 Despite COVID, Builder Confidence in 55+ Housing Markets Hit Record High in U.S.

Despite COVID, Builder Confidence in 55+ Housing Markets Hit Record High in U.S.

Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83 in the third quarter of 2020. Read More »

CDC's COVID Eviction Moratorium Order Comes Under Legal Fire by NAHB

CDC's COVID Eviction Moratorium Order Comes Under Legal Fire by NAHB

The CDC issued a nationwide order that stops landlords from evicting U.S. tenants who are not paying rent through Dec. 31, 2020. Read More »

Luxury Listings Making Comeback After a Sharp Spring Collapse

Luxury Listings Making Comeback After a Sharp Spring Collapse

Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated November 23, 2020 9:00 AM ET

Saint Petersburg Property News

Florida's Realtors are reporting that the state's housing market continued to reflect the economic impact of the coronavirus pandemic in May 2020.

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

Central Florida industrial market saw modest growth in demand with over 325,000 square feet of positive net absorption recorded in the first quarter of 2020.

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72. This is the highest reading since the inception of the index in 2008.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

According to Florida Realtors, Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April 2019 compared to a year ago.

According to the latest housing data by Florida Realtors, Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019.

The Florida Realtor Association is reporting that Florida home sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.

According to the latest housing data from Florida Realtors, Florida's housing market reported higher median prices and increased inventory (active listings) in December 2018 compared to a year ago.

Florida's housing market reported more closed sales, rising median prices and more new listings in October 2018 compared to a year ago. Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017.

South Florida luxury property developer BH3 is now benefitting from one of the US housing market's most significant real estate trends in 2018 -- wealthy tax reform refugees from the northeast seeking residences in Florida's luxury home market.

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.

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.

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.

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.

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.


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