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What’s Up With Housing?

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Public Housing MuseumA Former Chicago Project Will Become A Museum Dedicated To Public Housing.
The space will tell the stories of three families who once lived in the building, and host events to engage visitors in much-needed discussions around affordable housing and equitable communities.
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A connected future holds possibilities of more efficient ways of interacting with the technology in our homes, workplaces, and even our urban environments.
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Once again, buyers of Tampa Bay’s priciest home wanted to be on the water — a third of the top 25 sales were of homes with addresses on Gulf Boulevard in Pinellas County. Rivaling Tampa’s Davis Island for the most sales (four) was the exclusive Pinellas community of Belleair Shore.
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The Indianapolis company plans to build a $50 million six-story project with 251 multi-family units and over 12,000 square-feet of retail space.
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How do you store solar energy so it can be used when the sun doesn’t shine?  Some cities are revamping electrical grids and adding batteries.
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Spending on home remodeling is projected to rise 7.5% this year to almost $340 billion. Homeowners see an average return of 56% of the cost of the remodel when they sell the house.
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What’s Up With Housing?

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The fates of hedge funds and other investors in Fannie Mae and Freddie Mac could hinge on a yet-to-be written provision of the latest bill to overhaul the entities.
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Check out these 11 inventive and inspiring recycled shipping container home designs.
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U.S. Department of Housing and Urban Development Secretary Carson commits to end homelessness. “We know how to end homelessness and it starts with embracing a housing-first approach that relies upon proven strategies that offer permanent housing solutions to those who may otherwise be living in our shelters and on our streets.”
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The rise in mortgage applications last week doesn’t make sense — unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over.
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Foreign Real Estate InvestorsAgain, U.S. at No. 1 for Foreign Investors in Real Estate.
Foreign investors in real estate assign high importance to the potential for wealth and security—and according to new research, the U.S. is expected to offer both more than any other country in 2018.
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Come on Inside The reNEWable Living Home…  More than ever, Americans’ relationship with their homes is evolving. As research strengthens the link between smart design and health, as more extended families come together under a single roof, and as the construction industry grapples with a labor shortage amid demand for resilient, durable homes, builders and architects are realizing it’s time to disrupt the traditional home building process.


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What’s Up With Housing?

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One reason for the increase is that many lenders allowed borrowers affected by Irma to skip a payment.
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The pioneering geriatrician Dr. Bill Thomas is developing the Minka tiny home to create an assisted-living model completely on seniors’ own turf and terms.
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Smart CitiesAT&T’s Smart City Vision: More Parking, Fewer Traffic Jams.
Managing traffic flow, locating open parking spots and seeing whether bridges are structurally sound are some of the potential benefits from AT&T’s latest push to power the smart city.
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The forecast predicts a growing economy and positive demographic trends, creating opportunities in the housing market despite the affordability challenges buyers will face from rising prices and mortgage rates.
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Houzz’s 2018 Kitchen Trends study revealed that homeowners are obsessed with clutter-free countertops and ingenious storage options.
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2018 Construction ForecastConstruction Industry Set for a Boom in 2018.
Job creation, increased spending, and high optimism in the construction sector suggests that 2018 will be a big year for builders. For all of 2017, construction added 210,000 jobs, a 35 percent increase over 2016.
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Owning a home always has been, and always will be, a crucial part of attaining the American Dream.


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What’s Up With Housing?

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Museums, apartments, condos, a new police station and a dozen other projects mark one of the biggest downtown building booms in St. Petersburg’s 130-year history.
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“Peak Millennial” doesn’t mean what it used to, because Millennials are getting older. And even still, they’re sticking around cities more than older generations.
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Why developers are embracing this growing segment of the luxury condo market. Toll Brothers has made a practice of stretching its brand to accommodate its customers’ shifting tastes.
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UF’s consumer index rose an average 4.6 points in 2017, even though it dropped 1.4 points in Dec. Floridians were “far more optimistic in 2017.”
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More and more affordable housing developers are considering modular construction for their developments because of the time and cost savings prefabricated building can yield.
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Optimistic 2018 Construction Forecast Tempered by Worker Shortage.
The construction industry is expected to continue to grow in 2018, but Florida construction firms face issues of worker shortages and outside competition.
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Freddie Mac says the average rate on 30-year fixed-rate mortgages dropped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%.


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What’s Up With Housing?

Santa on the beach.

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Future housing types will be influenced primarily by substantial changes in household demographics and lifestyles. Additionally, evolving technological innovations, coupled with economic conditions making homes increasingly less affordable, will affect the future form of housing.
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Here are four great reasons to consider buying a home today instead of waiting. If the right thing for you and your family is to purchase a home, buying sooner rather than later could lead to substantial savings.
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Tampa Bay homebuyers don’t have to put as much up for a downpayment on a home as other areas. The median downpayment for a bay area home in the quarter ended in September was $13,750 compared to $20,000 nationally, an all-time high.
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Well, a Miami Penthouse Went on the Market for 33 Bitcoin — Cash Not Accepted.  Miami Penthouse Seller Will Not Accept Cash, Only Bitcoin… Translating to About $542K. Rare Event or Trend Starter?
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Fewer new renter households are forming, vacancies are rising and rent increases are slowing, according to the 2017 America’s Rental Housing report.


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What’s Up With Housing?

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Buyers at high-end waterfront properties are sparing no expense for storm-resistant features. They’re paying closer attention to the vulnerability of their current property and future property.
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Zillow panel of housing experts and economists sees dynamics carrying forward into next year, with the exception of interest rate rises. And that might be good.
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Home's Collateral ValueNew Challenges for Determining A Home’s Collateral Value.
Fannie and Freddie plan to waive the requirement for professional appraisal of purchase loans with an LTV ratio of 80% or lower.
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DRC commissioners agreed that the 300-foot-high Bezu would be dramatically out of scale with the neighboring Flori de Leon and other nearby structures.


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Housing News: A Week In Review

Realtors… Please Save This Date: December 12, 2017 – 9:00am to 10:am
Title Security’s Coffee Corner will help you learn how to better navigate the sections of the FR/BAR contract that impact your closings.

The Senate is working on its own legislation so the final outcome remains undetermined.
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Are “smart homes” selling better than their unconnected rivals? Savvy sellers can add smart lighting, doorbell, lock, thermostat and security for about $2,100.
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In his new book, ‘Artemis,’ Andy Weir geeks out on how homes and cities could one day be built on the lunar surface.
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“Rising homeownership rates and limited housing inventory” are two factors driving demand for housing says Robert Dietz with the National Association of Home Builders.
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The 53-acre Water Street Tampa will include two sister residential towers connected by a large commercial space.