Gateway Apartments, a 144-unit multifamily community in St. Petersburg, has sold for $6.9 million to PBH Prospect Gateway LLC of Miami. The complex sold for $5.250 million in February 2012 and 8.570 million in July 2008. Gateway Apartments, built in 1986 is east of the I-275 and Gandy Boulevard intersection at 2000 Gandy Blvd. N., St. Petersburg. The apartments feature..

Bidding wars and fast deals are the name of the game for home buyers in Tampa Bay. Inventory of homes for sale is so low that buyers are getting frustrated. Sellers are reaping the benefit, however, with higher prices and quick closings. Associated article – Tampa Bay Times: http://www.tampabay.com/news/business/realestate/tampa-bay-home-sales-prices-continue-climb/2122418 If you thinking of buying or listing your home for sale, contact..

A weekly radio show hosted by special correspondent Tom Hudson on Miami’s WLRN 91.3 FM will explore the growth of South Florida’s real estate market. The special program, “The Sunshine Economy,” airs on Mondays, May-June and explores our local economy and how it is influenced by global trends. For more information on the program, visit: http://wlrn.org/post/sunshine-economy-part-three-real-estate?utm_medium=referral&utm_source=t.co

The one day phone scam netted the thieves hundreds of free international calls to Somalia, Guinea and Azerbaijan. Melissa Bream got the bill: $586,371.26. Bream, the owner of a ReMax office in St. Peters, said it took her about 70 frustrating calls to the phone company, a police report and retaining a lawyer to get it straightened out. Read full..

The planned bike trail linking St. Petersburg to Titusville was included in the budget passed last week by the Florida Legislature. The $50 million paved trail, coined the Coast to Coast Connector, will entail building 72 miles of new bike paths to connect the 200 miles of paths that already exist. Florida lawmakers are banking that this investment will translate..

Borrowers who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 may receive a check in the mail this month for at least $840. The National Mortgage Settlement Administration announced last week that eligible borrowers who filed a claim form with their office will be mailed compensation checks starting this month. The compensation checks are part..

An article in the Tampa Bay Times yesterday (link below) offered an insight into the increase of rental properties in the Tampa Bay market while contrasting it with a stark picture of the families who lost their homes to foreclosure and are stuck renting. Worth the read. http://tbo.com/news/booming-apartment-market-means-higher-rents-b82484535z1

Optimism about the recovering real estate market is turning to a point of contention for some analysts who are worried about the sudden rise in property values. According to an article in The Wall Street Journal, this surge in home prices “could make homes more unaffordable again if the price increases outpace income growth.” Analysts agreed that right now low..

Some recent statistics from the National Association of Realtors on vacation home buyers in 2012: • The vacation home median purchase price was higher in 2012 than in 2011. • The share of vacation buyers who did not use a mortgage rose slightly to 46 percent from 42 percent. • Vacation buyers expect to own their vacation home for 10..

The last time a Presidential Nominating Convention was held in Florida was 1972. In that year, both the Republican and Democrat National Committees held their Presidential Nominating Conventions in Miami Beach, Florida Hotels have been booked up since the announcement, If you are looking for housing contact Prospera Realty we have your short term rental for you! www.prosperarealty.com