by admin | Nov 24, 2015 | Market Data
Goldman Sachs sent an email to clients advising that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. Plus, this growth will likely curtail in the years immediately following, as the included chart notes.
Source: www.housingwire.com
Goldman Sachs recently stated that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. This includes all new construction, about half the total of all construction, plus home improvement spending and commissions for real estate brokers. GS is lowering original forecast for residential investment to 8% from 11% previously, but still expects housing to be the top performer among the major components of GDP.
by admin | Nov 24, 2015 | Market Data
Representatives for three Rosemary District projects said they still view investment in the neighborhood as a high-risk proposition.
Source: www.yourobserver.com
Vertica Partners and Framework Group are partnering on 228 units in the Rosemary District and are expected to break ground by 1Q 2016.
by admin | Nov 24, 2015 | Market Data
Condos are often the most affordable option for first-time homebuyers, but federal rules have made it hard to get mortgages on them.
Source: www.miamiherald.com
A change in the FHA rules regarding condos could have sweeping impacts in the industry, particularly throughout Florida. Condos can provide a more affordable housing option to first time buyers and boomers looking to downsize.
by admin | Nov 24, 2015 | Market Data
A look at the state to state migration data from the Census: When people leave a state, where do they go?
Source: www.livability.com
Texas, California and Florida are the big winners. Ten states lose the most residents to Texas and six states each lose to California and Florida. Florida continues to see strong migration patterns throughout the state and should continue to for the foreseeable future.
by admin | Nov 24, 2015 | Market Data
For the second time in as many weeks, a waterfront hotel in Tampa’s urban core has a new owner.
Source: www.bizjournals.com
Sheraton Riverwalk Tampa has been sold to a South Florida group for $32.8 million or $118,682 per key for the 277-room Sheraton, which includes 16 suites and was built in 1968. It also has 12,000 square feet of meeting space.
This is a very well positioned asset along the Riverwalk in downtown Tampa.
