Foreign buyers gobbling up Tampa Bay properties

California’s economic recovery and a lack of new housing construction has sent housing prices skyrocketing so high that It’s now too expensive for institutional investors to buy lots of California homes.

Lack of Tampa Bay hotel supply means new buyers, development opportunities. In fact, among the top 25 hotel markets, the Tampa Bay region is at the bottom in terms of supply. Markets like New York City, Chicago, Nashville and Orlando are seeing huge increases in hotel rooms and properties of anywhere from 7 percent to 20 percent,

Jerrie Mock Jerrie Mock was a 38-year-old housewife from Columbus, Ohio, when, 50 years ago this week, she accomplished what Amelia Earhart is famous for having failed to do. But in the decades since, as Mock.Cash sales, foreign investors drive down mortgages in Florida

The latest real estate boom comes as Miami – so awash in foreign cash it has been dubbed the. especially those from Latin America, who still make up the vast majority of all buyers. Also, consumers.

This data comes from a recently released RealtyTrac® August 2015 U.S. Home Sales Report, which shows a total of 1,947,028 U.S. single-family homes and condos sold through August in 2015. These numbers.

Peter Muoio, chief economist at the online property auction site ten. But the deals were too good to pass up. Crescent sold its Crescent West Shore, a 374-unit complex just a few miles from Tampa.

In Tampa. void left by foreign buyers no longer propping up the high-end market may not be filled by domestic buyers rushing to fill it. This gap could spell trouble down the road. In total, about.

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