Blog

Author: Tonino(Tony) Damiano

  • New Listings Rise as Summer Comes to a Close

    New Listings Rise as Summer Comes to a Close

    As we wrap up summer, there’s a notable shift in the housing market: new U.S. home listings have climbed 1.2%, reaching a three-month high. At the same time, pending sales dropped by 1.3%, hitting their lowest point since March. Median asking prices edged down by 0.1%, even though the median sale price is still up 1.8% compared to last year. These moves reflect the impact of higher mortgage rates and ongoing economic uncertainty. For Tampa Bay buyers, sellers, and investors, staying informed on these trends is key to making confident, strategic decisions. My goal is always to break down the numbers and simplify what this means for your next move, whether you’re thinking of listing, buying, or investing.

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  • Florida’s housing market corrections continue to lose intensity—see the data across the state

    Florida’s housing market corrections continue to lose intensity—see the data across the state

    In 2026, Florida’s housing market corrections have been losing steam—and that’s something I’m watching closely here in Tampa Bay. While some metros across the state are even seeing mild price gains, what really stands out is the drop in inventory, especially in areas that took the biggest hits over the past few years. For buyers and sellers alike, this signals a shift: fundamentals are improving, and the risk of further declines is easing even though some corrections continue. My focus has always been on helping clients make informed decisions, and right now, understanding these local trends is key to navigating your next move with confidence.

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  • Florida’s Proposed Property Tax Changes: What Property Owners Should Know About The 2026 Save Our Homes Proposal

    Florida’s Proposed Property Tax Changes: What Property Owners Should Know About The 2026 Save Our Homes Proposal

    Big changes could be on the horizon for Florida property owners. There’s a proposed amendment up for vote in 2026 that would raise the homestead exemption for non-school taxes to $250,000 by 2028. For those holding non-homestead properties, the annual assessment cap could be lowered to 5%, starting January 2027.

    As someone who works with Tampa Bay homeowners, buyers, and investors every day, I know these shifts could impact everything from monthly budgets to long-term investment plans. My goal is always to keep you ahead of the curve—so whether you’re thinking about selling, buying, or growing your portfolio, it pays to stay informed about changes like these. If you have questions about how these proposed updates might affect your property decisions, let’s break it down together.

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  • Florida Luxury Condos Are Rising Across the State

    Florida’s luxury condo market is on a remarkable upswing, with high-end towers rising along both coasts and throughout South Florida. We’re seeing new projects in places like Daytona Beach Shores, West Palm Beach, Sarasota, and Naples, with completions stretching all the way from 2027 through 2031. Entry points for these upscale condos are typically $1M or more—though a handful of Miami and St. Petersburg options start in the $500Ks and $600Ks, offering impressive views and amenities even at those price points. As someone who’s worked with buyers, sellers, and investors across Tampa Bay, I can tell you: the demand for top-tier locations and long-term value is only getting stronger. Savvy buyers in today’s market are focused on quality, lifestyle, and building confidence in their investment choices. If you’re watching the luxury condo scene or considering your next move, staying informed is key to making the right decision.

  • Why Buyers and Sellers Are Stuck

    Lately, Tampa’s real estate scene is feeling the pressure from higher mortgage rates. Many buyers are pausing their search, facing monthly payments that just don’t add up—so pending sales are down, and fewer house hunters are making the leap to put in offers. On the flip side, homeowners with low-rate mortgages are holding tight, making new listings harder to come by. The result is a market stalemate: buyers are looking for better payment options, while sellers hesitate to give up their current low rates. Transactions are slower than usual, and that’s keeping things tight for anyone hoping to make a move. As someone who navigates these shifts daily—both as an agent and an investor—I’m here to provide straight answers and help Tampa Bay clients find the best path forward, whether that means timing your sale, strategizing your purchase, or simply knowing what to expect in this unique market.