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What’s Up With Housing This Week

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Pinellas Realtor OrganizationPinellas County Closed Sales for Single Family & Townhome/Condo Combined were up year-over-year:
There were 1,543 closings in January 2017 vs. 1,314 in January 2016… UP 17.4%

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Jim CramerHousing Industry Sees a ‘Cumulative Wealth Effect’.
Jim Cramer says the best investment may be close to home. The increased home equity isn’t being spent on a new car or a new iPhone, it’s going into the home.  i.e. Home Depot
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Closing CostsOver Half of All Buyers Are Surprised by Closing Costs.
Speak with your lender and agent early and often to determine how much you’ll be responsible for at closing. Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.

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Florida Association of RealtorsDon’t Do These 4 Risky Mortgage Moves.
Buyers excited about purchasing a new home sometimes sabotage their final loan approval by changing jobs, applying for credit or moving money around.

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Ben Carson HUDBen Carson confirmed as U.S. Department of Housing and Urban Development Secretary.
The Senate voted 58-41 to confirm Carson Thursday morning.

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Mortgage RatesMortgage Rates Impact on 2017 Home Values.
Most experts believe that rates would need to hit 5% or above to have an impact on home prices.
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Author: KatherineMatson

Senior Closer at Title Security in St. Petersburg, FL.

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