As rent prices in Tampa continue to increase, now might be the best time to buy with mortgage rates still low. 

As the popularity of living in Tampa grows, so does the price of rent. According to a recent report from Zillow, Tampa was one of the metros that saw the largest increase in rental prices over the past decade.

The Tampa metro came in behind Orlando as recording the second highest rent increase for a metro area in Florida. When looking nationwide, Tampa came in at number 14.

The information could be the decision maker if you’re considering whether it makes more sense to rent or buy in 2020. Buying could also open the door to more options in real estate than renting.

During the 2010s, renters nationwide spent about $4.5 trillion just…

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Tampa Housing MarketThere’s positive news to report when it comes to Tampa’s future housing market. According to the National Association of Realtors, the Tampa market will likely “outperform” national averages over the next few years.

The group came up with a list of ten housing markets across the nation, including Tampa, it believes will outperform over the next three to five years. The NAR looked at a number of factors to come up with the list including housing affordability in terms of new residents, population age, a market’s home price appreciation and the attractiveness of a market for retirees. 

The NAR also considered domestic migration and consistent job growth when compared to the national average, and the Tampa area has been strong in both categories in…

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St. Petersburg DevelopmentA mammoth new project could be on its way to downtown St. Petersburg, according to a new report from the Tampa Bay Times. 

Earlier in the month, the city’s Development Review Commission approved plans for a $300 million mixed-use project on Central Avenue, which would include a 45-story tower, a 20-story hotel, and parking for 842 vehicles. 

The developer, New York-based Red Apple, also included 20,000 square feet of office space and more room for parking than needed, which is designed to address chronic parking shortages already felt throughout downtown St. Petersburg. 

Because of its height and proximity to Albert Whitted Airport, the project still needs approval from the FAA, and development rights will still need to be purchased from…

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Tampa Townhomes For SaleIf you’re wondering if buying a townhouse is a good investment, the answer is a resounding yes! From the overall cost to maintenance and the potential for rental income, there are several good reasons to put your money in a townhouse.

Cost 

To begin with, a townhouse is often priced lower than a single-family home. If you’re working within a budget, a townhouse likely makes financial sense.

Rental income

You may be able to recoup some of the cost too with rental income. Townhouses are especially popular with families who need more space but also need more affordable rental housing.

Location

When looking at the potential for rental income, location is key. Luckily, a townhouse is often located in an area close to transportation, schools…

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It was back in May when developers of the exclusive new Hyde Park House project first started taking reservations. Now, prospective buyers are able to view plenty of active listings on the MLS and sales are in full swing.

So, just what can buyers expect at the new Hyde Park House condo development? Well, not surprisingly, units are extremely well-appointed and include high 10-foot ceilings, expansive terraces with unobstructed glass walls, large porcelain tile flooring, sleek European-style cabinetry, chef’s kitchens with premium kitchen appliances, and of course spa-quality bathrooms with all the bells and whistles. 

Amenities will also be a major selling point at Hyde Park House as future residents will be treated with private secure parking,…

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