Title Security's Blog

Comprehensive Title Insurance & Escrow Services


Leave a comment

What’s Up With Housing?

.

It’s been 10 years since the Great Recession, but most home prices in the Tampa Bay area still haven’t reached their pre-recession peak, according to numbers released by Zillow.
.
.
.
The CFPB had about 1,200 reverse-mortgage consumer complaints over 3 years. People cited “confusion and frustration over the terms” and loan-servicing problems.
.
.
.
.
Home buyers young and old want high-tech features in their homes. Across the board, and across the generations, security and convenience are of primary interest.
.
.
.
.
Despite rising prices, Tampa remains one of the best cities in which to flip houses ranking 10th among 172 cities compared on such metrics as median purchase price and average remodeling costs.
.
.
.
.
The Senate approved a bill this week, and the president signed it, to keep the National Flood Insurance Program operating for 4 more months.
.
.
.
.
Young People Don’t Want Construction Jobs…
Disinterest in construction work is contributing to a labor shortage that has meant fewer homes built and rising prices—possibly for years to come.
.
.
.
.
.
Advertisements


Leave a comment

What’s Up With Housing?

.

Mulvaney to Realtors, “We are not out to make you look like a bad guy if you are not. We are out to enforce the law, not become the law.”
.
.
.
.
Construction JobsConstruction Employment Rises in 38 States and D.C. From April 2017 to April 2018… Florida Up 7%.
“The collective cultural fixation on urging every student to go to college and seek office jobs means relatively few young adults are ever encouraged to consider careers in construction.”
.
.
.
The Science Is In: The Healthiest Neighborhoods are Both Walkable and Green.
We tend to take our neighborhoods for granted when it comes to health. But we shouldn’t, because there is a rapidly growing body of evidence demonstrating that the shape and character of our communities matters a great deal to our health.
.
.
.
.
Congress curtailed tax incentives to purchase a home, and mortgage rates and home prices are up – but most buyers have more disposable income, and a higher tax deduction will compensate them for losing their IRS interest and property-tax deductions.
.
.
Respondents said that monetary policy (not the housing market) would be the likely reason for the economy to tip into recession — a shift from the last survey when geopolitical tensions were cited.


Leave a comment

What’s Up With Housing?

.

Self-directed IRAs are the only retirement accounts that allow investors to pursue alternative investments. Among those alternatives, the most popular is real estate—a broad asset class that includes many different investment opportunities.
.
.
.
“Tight credit, lack of inventory and high demand are the major factors that tell us there’s no housing bubble, despite rapid price increases.” ~ Redfin
.
.
.
.
NFIP ExtendedNFIP extended for six weeks – to March 23
As part of the just-passed continuing resolution to keep the government open, the National Flood Insurance Program now won’t expire until March 23
.
.
.
Scrimping and saving to come up with a down payment is no easy feat. But one generation is having the hardest time doing so to become homeowners.
.
.
.
Home Design Trends to Watch in 2018…
Whether you’ve planned a simple refresh or a full-scale renovation, making smart and informed design choices will help you maximize your return on investment.
.
.
.
The #CFPB says it will do everything necessary “to fulfill the Bureau’s statutory responsibilities but go no further.” Limiting CFPB’s future actions will “serve as a bulwark against the misuse of our unparalleled powers,” says Director Mulvaney.
.
.
.
There continues to be a steady flow of capital, although the big banks have tightened their hold on construction loans.
.
.
.
.


Leave a comment

Housing News: Financing

Labor Day

.

Gone are the days of ‘20% down or no mortgage.’ What could you build with the equity in your house?
.
.
.
.
ARMs look very different in 2017 than in 2005, and their popularity is edging back up. Overall, home buyers have preferred FRMs over ARMs in the past decade.
.
.
.
.
.
Reverse mortgages — pitched as a way to ‘age in place’ — are pushing more elderly homeowners into foreclosure
.
.
.
.
.
.
On Aug. 30, 2017, the Bureau issued a detailed summary of changes and clarifications of the 2017 TILA-RESPA rule . The new summary outlines and explains the changes and clarifications set forth in the 2017 TILA-RESPA Rule.
.
.
.
.
Mortgage-buyer Freddie Mac reports that the average rate on a 30-year, fixed-rate mortgage fell to 3.82% this week from last week’s 3.86%.


Leave a comment

What’s Up With Housing?

.

The bill working its way through Congress has “significant improvements,” including a commitment to protect current owners from substantial rate increases.
.
.
.
.
For the sixth consecutive month, May home prices venture into record territory.
.
.
.
.
.
.
.
The CFPB recently loosened rules, and agents now have easier access to the closing disclosure providing certain private information is removed. However now, as before, the lenders decide how to handle it.
.
.
.
According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
.
.
.
.
For the second time in six weeks, a company connected to the same lawyer stood poised to profit from a Pinellas County foreclosure auction that confused even experienced real estate investors.
.
.
.
.
It’s cheaper to rent than own a home in 11 states, but Florida’s average monthly rent, $1,543, is still higher than the cost of an average monthly mortgage: $1,376.


Leave a comment

What’s Up With Housing?

.

Zillow maintains that more than half the homes it lists sell within five percent of the home value “Zestimates” it gives for them. The Tampa Bay Times looked at 20 houses for sale on both sides of bay to see if that held up.
.
.
.
People tend to be too optimistic about rental rates, vacancies, management fees, maintenance costs and home value increases.
.
.
.
.
With so many generations to serve in Florida’s increasingly attractive housing market, how can developers be sure their product supply will appeal to their target audience?
.
.
.
The federal consumer bureau says it’s okay for lenders to share buyers’ Closing Disclosure with agents, and it’s announcing soon the how-to-do-it details.
.
.
Report: The number of homeowners (about 1.8M) who still owe more on a mortgage than their home’s current value has hit its lowest point since 2006.


Leave a comment

What’s Up With Housing?

Independence Day

.

Will new laws protect condo owners from apartment conversions and rogue associations?
A bill passed by the Florida Legislature would affect places like The Slade in Tampa’s Channelside district, where condominium owners have battled a plan to convert homes into apartments.
.

.

Back With Your Folks… In your 20s and living with mom and dad? In Florida, you’re not alone.
The Tampa Bay region is ranked 15th nationally for millennials who move in with their parents. Is the economy to blame, or something else?
.

.

CFPBHousing Groups Want Change to CFPB Structure
The groups want the CFPB to be led by a bipartisan commission instead of a single director.

.

.

How Long Does It Take to Get a Mortgage? Longer Than You Might Think…
We’re used to having everything done quickly and easily, but getting a mortgage can take time. So how long does it take to get a mortgage?
.

.

7 New Florida Laws go Into Effect Today.
Seven real estate laws drafted by the 2017 Florida Legislature and signed by Gov. Rick Scott go into effect today (July 1), including a Florida Realtors priority: estoppel fee caps.
.

.

http://www.TitleSecurityFL.com