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Tampa Bay's housing market cools
The housing market in Tampa Bay is cooling faster than in most metros nationwide.Why it matters: Supply issues continue to put pressure on home prices across the U.S. — despite mortgage rates dampening demand.This is particularly true in parts of California and the Northeast. Homes are selling quickly and for over asking, according to Redfin data.In the South, however, supply is picking up, and markets are cooling.Zoom in: Tampa Bay ranked second nationwide for decreasing homebuying demand and competition between April 2023 and April 2024, per Redfin.Data: Redfin; Chart: Axios VisualsThe big picture: Florida may be hotter than ever, but its housing market is cooling quicker than most other states, according to Redfin.Home construction, unaffordable home insurance and intense natural disaster threats contribute to increased supply and lower demand.Homes aren't moving off the market as quickly, and a growing share of sellers are bringing their asking prices down — all signs that these markets are cooling.Yes, but: Florida and Texas were the poster children for the pandemic price boom, so home prices are much higher than five years ago.What's next: Some relief could be coming for buyers on the mortgage rate front.Sign up for Axios Tampa Bay for free.
Family stranded at Hartsfield-Jackson search for answers in desperate situation
A military family moving from Hawaii to Florida got stranded in Atlanta for days without many options. They shared their story with Channel 2 Action News on their way down to their new home in the Sunshine State.
Textbook authors told climate change references must be cut to get Florida’s OK
Textbook authors were told last month that some references to “climate change” must be removed from science books before they could be accepted for use in Florida’s public schools, according to two of those authors. A high school biology book also had to add citations to back up statements that “human activity” caused climate change and cut a “political statement” urging governments to take ...
Nonprofit buys land near University Town Center for Sarasota supported living program
The Haven announced the purchase of a three-acre parcel near the University Town Center with a goal of developing an innovative supported living program, The Haven Residences at UTC. The community would include two-, three- and four-bedroom homes in a design to enhane the lives of adults with disabilities. The...
Tampa City Council members vote to give themselves $20,000 raise
TAMPA — Two years after Mayor Jane Castor’s administration first proposed hiking salaries, City Council members have agreed to follow the recommendation. A majority voted on June 27 to give themselves a more than $20,000 annual pay raise, or a nearly 40% boost. “It’s not just about us,”...
Orlando State Senate Candidate Cheryl Blancett Charged with Grand Theft from Homeowners Association
An Orlando-area state Senate candidate, Cheryl Blancett, is currently facing charges for allegedly stealing $47,722 from a homeowners association, where she managed finances. This case is set to go to trial in September. Blancett, also known as CJ, has been charged with grand theft of $20,000 or more, a second-degree felony, as reported by the Orlando Sentinel.
Ocala-based eventer selected for U.S. Olympic squad
OCALA, FL (352today.com) – It’s been more than a decade since Will Coleman’s first Olympic selection. The 3-day eventer is no stranger to international competition. He had the distinction of being the first American to win the prestigious CCIO 4-star at the Concours Hippique International Officiel in Aachen, Germany, in 2021. In that competition, Coleman and Off the Record, a horse he’s been riding since 2015, took top honors against the world’s best.
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