Title Security's Blog

Comprehensive Title Insurance & Escrow Services


Leave a comment

What’s Up With Housing?

.

Suburban-bound Millennials and Other 2018 Housing Trends to Watch.
What’s ahead for real estate in 2018? Zillow economists put their heads together and offered up a laundry list of forecasts and predictions.

.

..

Most millennials say they want to eventually own homes, and only rent because of financial necessity.
.
.
.
Malls are dying. There aren’t enough homes. Is there a solution? Across America, malls are being repurposed for residences as an oversupply of one meets a lack of the other.
.
.
.
.
.
The Florida housing market recorded increases in sales, median prices, new listings, and new pending sales in October, signaling a rebound from the impact of Hurricane Irma.
.
.
.
With data on millions of homes nationwide, the folks at Realtor.com think they have a pretty good idea of how the real estate market is doing.
.
.
.
.
Last year, mortgage loan limits accepted by Fannie and Freddie rose only slightly for the first time in a decade – but they’ll top out at $453,100 next year.
Advertisements


Leave a comment

What’s Up With Housing?

Give Thanks

.

The high-end real estate market isn’t just mansions in Miami – a number of multimillion-dollar horse farms with vast acreage have hit the market lately.
.
.
.
.
Info on the current state of the market, how expectations regarding market and company performance changes in 2017, long and near-term strategies, and which industry trends are rising and waning.
.
.
It’s not just a new lid on MID that may impact demand for for-sale real estate. Fewer may also qualify for a mortgage. Doubling the standard deduction might go far to improving many households’ net financial gain, but will that be enough to offset the deductability not only of interest on the mortgage, but property taxes as well as state and local tax?  
.
.
.
.
Pinellas County Home SalesHurricane Irma Hurt Some Tampa Bay Home Sales Even in October.
According to figures released by Florida Realtors​, sales of single family homes in Pinellas dropped 3.7 percent in October from the same month a year ago. That was not nearly as bad as September’s 25 percent plunge but it reflects the lingering effects of Irma.
.
.
.
The most attractive features of an apartment unit to renters turn out to be good management, good cell phone reception and a rent that feels reasonable.


Leave a comment

What’s Up With Housing?

.

Could another condo tower be in downtown St. Petersburg’s future?
Two downtown St. Petersburg houses on 3rd St S could be the site of a possible high-rise.
.

.

.

No. 1 Destination to Move to? Florida
Florida was the No. 1 destination to move to for 18 of the 50 states. Of all purchase mortgage requests during the study’s time period, 9.14% were for consumers looking to move to the Sunshine State

.

.

Interest rates for 30-year mortgages rose to their highest levels since July 2017.
.
.
.
.
Let’s be honest: If the house next door is a dump, it’s time to take measures to upgrade your sellers’ curb appeal and keep the attention on the strengths of the sellers’ property.
.
.
.
It’s not good news for homeowners as MID gets watered down and the cap max drops by $500K. But it’s not too late if enough Realtors join NAR’s Call for Action.
.
.


Leave a comment

What’s Up With Housing?

.

Wall Street is witnessing the best bull market in homebuilder stocks in years.
.
.
.
.
71% of prospective homeowners – largely millennials – believe it’s a good time to buy a home, and 63% remain steadfast in their ideal preferences for a home.
.
.
.
.
There’s an interesting program being introduced by Lennar Home Builders and Eagle Home Mortgage.
.
.
.
Amazon.com will now ship a 320-square-foot shipping container home, complete with appliances, bath fixtures and hookups — just add it to your cart.
.
.
.
.
.
Willing to endure things that go bump in the night for a better real estate deal.


Leave a comment

What’s Up With Housing?

.

J.D. Power survey: Overall satisfaction with homeowners policies is at an all-time high, but too few people understand what their policy does/does not cover.
.
.
.
.
.
“This place has good bones”: Home buyers are apt to hear this phrase when they’re touring homes. But what does that mean, exactly?
.
.
.
.
Described as a collision of rich blue with jewel-toned green, a color that is both accessible and elusive.
.
.
.
.
The newly proposed tax plan includes such things as increasing the standard deduction.
.
.
.
.
.
.
A mortgage with no down payment seems a little bit like scoring a buy-a-home lottery ticket. You get a home loan and keep more money in your pocket.


Leave a comment

What’s Up With Housing?

.

According to Freddie Mac’s Outlook for Sept., new homes will be a primary driver of sales and slightly higher mortgage rates will dampen price increases. But “the economic environment remains favorable for housing,” says chief economist.
.
.
.
While far from new, eco-friendly and affordable, shipping containers are gaining popularity as an alternative to traditional houses.
.
.
.
.

.

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.
.
.
.
.

.

As Congress and the Trump Administration release plans for tax reform, NAR says it will fight to make sure any new tax plan doesn’t discourage homeownership.
.
.
.
.
.

.

Both on 4th Ave N, The Bezu, is a 24-unit tower close to Beach Drive, and 747 North, an 18-unit project several blocks to the west.


1 Comment

More Than Half Of All Buyers Are Surprised By Closing Costs

Closing Costs

According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.

“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”

Bankrate.com gathered closing cost data from lenders in every state and Washington, D.C. in order to share the average costs in each state. The map below was created using the closing costs on a $200,000 mortgage with a 20% down payment.

More Than Half of All Buyers Are Surprised by Closing Costs | Keeping Current Matters

Keep in mind that if you are in the market for a home above this price range, your costs could be significantly greater. According to Freddie Mac,

“Closing costs are typically between 2 and 5% of your purchase price.”

Bottom Line

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.

via Keeping Current Matters