Gas prices in Tampa continue to drop – when will it last?

According to AAA, gas prices in Florida have continued to plummet to the lowest level in seven months. The state’s average gas price was $3.23, which was 10 cents cheaper than the previous week’s average, after a 34-day fall. This is also slightly higher than the state’s lowest 2023 average, which was $3.22 per gallon …

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Second budget hearing on 2024 funding to be held by Tampa City Council today

budget tampa bay observer tampa city council

A second budget hearing will take place today in Tampa, with council members attempting to save $45 million and voting on financing through 2024. Following Mayor Jane Castor’s proposal for a double-digit property tax hike to rehabilitate Tampa’s roads, the last several meetings have been received with some public outcry. The cuts could take a …

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Mortgage: Tampa Homeowners in THIS city may feel ‘trapped’ in their mortgage

If there’s one thing we’ve learned about the real estate market in the last several years, it’s that things change quickly. Low mortgage rates and a need for additional room fueled a home buying and selling frenzy at the height of the pandemic. According to CoreLogic, home prices were 18.5% higher at the end of …

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Economy: Florida named as America’s newest inflation hotspot

Because of persistently high home costs, Florida is now considered as America’s inflation hotspot. With a 9% inflation rate for the 12 months ending in April, the Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas with more than 2.5 million residents. According to the Consumer Price Index, this is more …

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