Print URL: http://www.tbo.com/news/business/realestate/-Co-buyers-account-for-a-good-chunk-of-Tampa-Bay-homes-sales-_169118924

‘Co-buyers’ account for a good chunk of Tampa Bay homes sales

By Susan Taylor Martin, Times Senior Correspondent
Published: June 14, 2018
Nearly one in four of all homes sold in Tampa Bay and nationally are to co-buyers, meaning non-related persons whose names are on the deed. (AP Photo/David Zalubowski, File, 2018)

More than 17 percent of Tampa Bay homes sold in the first three months of this year went to "co-buyers,’’ non-related persons whose names are on the deed, ATTOM Data Solutions found. That reflects a nationwide trend as rising home prices make it harder for people, especially younger ones, to buy homes.

Nationally, co-buyers accounted for 17.4 percent of sales, up from 14.9 percent two years ago, according to the real estate tracking firm. Tampa’s Bay’s current rate is 17.3 percent rate; no historical data was available. The average bay area home cost $250,045 in the first quarter with an average down payment of $27,497.

MORE: Go here for more Business News