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🌸 Moffitt’s $600M Milestone, Housing Market Trends & Mother’s Day Events

🌸 Moffitt’s $600M Milestone, Housing Market Trends & Mother’s Day Events

Check out what's happening in the Pasco and Tampa economies this week.

Sean Bates
May 08, 2025

Happy Thursday!

Mother’s Day is just around the corner, and we’ve got a full lineup of events to help you make it unforgettable—from a lavish brunch buffet in Wesley Chapel to local markets, kids’ crafts, and even half-price pet adoptions.

In other news, Moffitt’s $600M Speros campus is making big strides with two major construction milestones, promising to reshape Pasco County’s life sciences landscape.

And as for the housing market, despite economic uncertainty, rising mortgage applications are hinting at a slow but steady rebound.

Let’s dive in. ⬇️

—Sean

🌸 Mother’s Day Events Around Pasco County

🌸 Mother's Day Brunch Buffet

Celebrate Mom with a brunch as special as she is! Enjoy chef-crafted dishes like avocado toast, honeycrisp harvest salad, and velvety carrot bisque, accompanied by live music and a complimentary mimosa for all moms.
📍 Location: Hyatt Place Tampa Wesley Chapel
📅 Date & Time: Sunday, May 11, 2025, from 10:00 AM to 2:00 PM
🌐 Website: https://www.mothers-day-brunch-buffet

🛍️ Mother's Day Market

Treat Mom to a day of shopping, eating, and fun. Explore a variety of vendors offering unique gifts, delicious treats, and handmade crafts. There's even a free bounce house for the kids!
📍 Location: The Crafted Dessert Company, 120 Commercial Way, Spring Hill, FL
📅 Date & Time: Sunday, May 4, 2025, from 11:00 AM to 4:00 PM
🌐 Website: https://www.mothers-day-market

🎨 Mother's Day Crafts for Kids

Make Mom's day even more special by crafting a masterpiece straight from the heart. All materials will be provided for this fun and creative session.
📍 Location: Hudson Regional Library, 8012 Library Road, Hudson, FL 34667
📅 Date & Time: Saturday, May 10, 2025, from 2:00 PM to 3:00 PM
🌐 Website: https://pascolibraries

🐾 Half-Price Pet Adoptions at SPCA

Looking to add a furry friend to the family? SPCA Tampa Bay is offering half off adoption fees for all dogs, cats, small animals, reptiles, and livestock.
📍 Location: SPCA Tampa Bay, 9099 130th Ave N, Largo, FL 33773
📅 Date & Time: Friday, May 9 – Sunday, May 11, 2025
🌐 Website: https://spcatampabay.org

🎶 "Passport to Paris" Fashion Show at The Sundial

Indulge in a delightful brunch featuring a stunning fashion show by Jackie Z Style Co., a champagne wall, exquisite French fine foods, and more. All proceeds benefit The Hambrick Foundation and Children’s Dream Fund.
📍 Location: The Sundial, 153 2nd Ave N, St. Petersburg, FL 33701
📅 Date & Time: Saturday, May 10, 2025, from 11:00 AM to 2:00 PM
🌐 Website: https://www.thehambrickfoundation.com

MORE EVENTS→

🏗️ Moffitt’s $600M Speros Campus
Powers Forward

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Driving the news: Moffitt Speros, a 775-acre life sciences campus under construction in Pasco County, recently celebrated two major construction milestones.

Details:

The Moffitt Discovery & Innovation Center and the Richard M. Schulze Family Foundation Proton Center held ceremonial events to mark key phases of development.
The Innovation Center, set to open in January 2026, hosted a “topping off” ceremony where a signed beam was hoisted to the highest point of the building.
The Proton Center, slated for a mid-2026 opening, received a 55-ton cyclotron from Belgium. The cyclotron, funded in part by a $15 million donation, will power Tampa Bay’s first proton therapy system.

Why it matters: The Speros campus represents a major investment in healthcare and research infrastructure in the Tampa Bay region.

By 2033, the $600 million project is expected to generate over 11,000 jobs, including 2,400 positions at Moffitt by the end of 2026.

The big picture: The Speros campus is part of Angeline, a 6,200-acre development planned to accommodate 35,000 residents.

Speros will serve as a hub for health care, biotech, and engineering, with 140 planned buildings, including research labs, clinics, and housing.

Between the lines: The Hope Innovation District, a community development district established by Pasco County, will govern infrastructure and community facilities for the Speros campus.

What’s next: The Innovation Center will open in early 2026, with the Proton Center following later that year.

Additional facilities will continue to rise over the next decade, making Speros a focal point for scientific and medical innovation in Florida.

This 3-bed, 3.5-bath end-unit offers rare privacy and big upgrades: new roof, fresh flooring, updated systems, and sleek finishes in every room.

Located steps from Tampa’s waterfront, Amalie Arena, top restaurants, and schools—this one checks every box.

📍 501 Knights Run Ave APT 5101, Tampa, FL 33602
📞 Reach out now to schedule your private tour—this won’t sit long.

🔎 Rising Mortgage Applications Defy Economic Uncertainty – Here’s Why

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Driving the news: March brought a split-screen view of the U.S. housing market: new-home sales jumped to their fastest pace in nearly a year, while existing-home sales dropped below already weak levels from 2024.

Details:

Existing-home sales fell to a seasonally adjusted annual rate of 4.02 million—worse than March 2024’s 4.06 million.
New-home sales rose to an annual pace of 724,000, up 6% year over year.
Inventory is increasing nationwide—up nearly 20% for existing homes, and 8.4% for new homes.
Regional highlights: Inventory jumped 25% in the Northeast and 16.6% in the South.
Pending home sales—an indicator of future activity—rose 6.1%, the largest monthly increase since Dec. 2023.

Why it matters: After a sluggish 2024, housing was expected to rebound. This mixed report reflects ongoing affordability challenges, but also hints at a slow thaw in supply—especially in markets where buyers have been locked out for years.

For communities in the Northeast and South, growing inventory could help ease sky-high price pressures and finally offer more choices to first-time buyers and move-up shoppers alike.

The big picture: The divergence between new and existing-home sales shows how the market is shifting.

Builders have more flexibility to offer incentives or price adjustments, helping them close deals, while existing homeowners are still holding out for top dollar or staying put due to locked-in low mortgage rates.

By the numbers:

6.65%: Average mortgage rate in March, down from 6.96% in January.
7%: Peak mortgage rate after new tariffs were announced in April.
6.93%: Most recent average mortgage rate.
2.4%: Annual decline in existing-home sales.
6.1%: Monthly gain in pending sales in March.

Between the lines: Market movement is closely tied to mortgage rate swings. March’s dip in rates briefly nudged buyers off the sidelines, but volatility tied to President Trump’s new global tariffs has shaken confidence.

Fear of inflation and economic slowdown may be pushing some sellers to act quickly—while buyers pull back.

What’s next: With mortgage rates bouncing and economic signals mixed, all eyes are on April's data.

If rates stabilize and inventory continues to grow, we could see a more balanced market emerge heading into summer.

The bottom line: March didn’t bring the housing boom some hoped for—but rising inventory and improving new-home sales offer a glimmer of momentum.

The market’s next move will depend heavily on interest rates and how buyers and sellers react to economic uncertainty.

📊 Our Current Local Market Data:

The Tampa Bay housing market is shifting into a more balanced phase after years of rapid growth. As of March 2025, the median home price is $429,575—up 4.5% year-over-year, but with a slower pace than in past years.

Inventory is rising, giving buyers more options, while homes are taking longer to sell, with a median of 33 days on the market. This offers more negotiation power for buyers, especially on listings that have been sitting for weeks.

Despite higher insurance costs and affordability concerns, Tampa remains attractive thanks to its strong job market in healthcare, tech, and finance. The region continues to grow, both economically and in population.

Sellers should focus on competitive pricing and presentation, while buyers now have better leverage. Even with current challenges, Tampa Bay is positioned for steady growth and remains a market to watch in 2025.