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What’s New With Housing?

Here are 7 steps to help you get prepared, get organized, and get settled in your new community.
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Healthful LivingThe Future of Housing Will Embody Healthful Living.
Eating, breathing, and sleeping are essential to both short- and long-term health. Yet, our homes—our most fundamental haven for these activities—often aren’t designed to support these most basic of health needs.
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High–impact updates don’t have to come at a high cost. These 6 projects fit in a TV–sized budget and you can tackle them in a weekend.
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This gulf-front Belleair Shore home designed by a student of Frank Lloyd Wright is being marketed as Florida’s first “Bitcoin” home for sale.
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55% of U.S. homeowners with a child under the age of 18 when they bought a home said their child’s opinion was a factor in their home-buying decision.
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What’s New With Housing?

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The first month of summer is when HUD and others mark the importance of owning a home and the impact it has on the lives of American families and local neighborhoods – and how it benefits the nation’s economic health.
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Do America’s for-profit, market-rate leading players need to concern themselves with a growing housing attainability crisis? You bet!
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Developers of Bezu, a condo tower in downtown St. Petersburg, have cut the height from 300 to 180 feet to be more compatible with the historic Flori de Leon next door.
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Piece by piece along a factory line, workers erect walls, string electrical wires, fasten plumbing, hang drywall and paint stackable move-in-ready apartments.
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Did Tax Reform Kill the Luxury Market?  NOT SO FAR!
“We are seeing the opposite of what was expected. We have certainly not seen the doomsday predictions play out.”
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Nineteen local workforce boards are hosting a statewide, construction-industry focused job fair in cities and towns across Florida.


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What’s Up With Housing?

Wishing all our friends a Joyous Mother’s Day weekend.

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More luxury buildings are luring buyers with amenities that lower stress and lead to inner peace, such as meditation courtyards, yoga studios and herb gardens.
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If you plan to buy a home this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
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The number of respondents who said now is a good time to buy a home in a Gallup poll ticked down, but remains well above 50%.
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They missed a step: Recession-wary young adults skipped the starter home and lived in their parents’ basements, where they saved money for a downpayment.
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What is driving the lift? Americans are optimistic about their prospects for selling, with 45 percent believing now is ideal to list—a high point.
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EDGE District, St. PetersburgEDGE District Designated Florida Main Street Program of the Month.
Since its designation in 2014, the EDGE District has received eight awards for outstanding programs, business and volunteers. EDGE is an acronym for “Entertainment, Dining, Galleries and shops, Etcetera.”
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What’s Up With Housing?

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If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
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Home builders report that customers are more cautious than before the crash and prefer smaller, value-packed homes.
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After two months of decline, consumer sentiment among Floridians increased six-tenths of a point in April to 98.1 from a revised figure of 97.5 in March. Among the five components that make up the index, three increased and two decreased.
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Research shows that millennials value organic, unplanned, authentic, and experience-based housing amenities the most. These amenities are generally not expensive.
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“In today’s competitive housing market, understanding what homes may command a premium or attract multiple offers can be hugely beneficial to buyers.”
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A low home appraisal can ruin the sale of a home. You can protect yourself from low appraisals. Here are some suggestions for buyers and sellers.


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What’s Up With Housing?

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Owning a home has always been, and will always be, better from a financial standpoint than renting.
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Second cut to state’s biz rent tax in as many years takes effect Jan. 1, 2019. Combined with last year’s cut, some Florida businesses will be saving nearly $100M each year.
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12% of millennials surveyed cited “rising rents” as the trigger that sparked them to become homeowners, while 17% said family needs; for 55+ buyers, 20% said privacy. Overall, 44% want a three-bedroom home, and 93% want at least two bathrooms.
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A new report from a federal watchdog finds that the Federal Housing Administration incorrectly insured approximately 9,507 borrowers who were actually ineligible.
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This marks seventh-consecutive month of home price increases nationwide.
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Every year that passes, the more population patterns are starting to look like the old sprawling dynamic serving suburban and exurban demand.


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What’s Up With Housing?

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Building Permits on the Rise in FloridaFlorida Building Permits Rose 20.8% Year-to-Year.
Home construction continues to lag nationwide, but increases in Fla. and the West are being offset by decreases elsewhere, such as New Hampshire’s 43.1% drop.

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Governor Scott Signs Real Estate-Related Bills Into Law.
New laws will boost flood insurance warnings, tinker with HOA covenant and restriction rules, and change the way Fla. regulates and defines “mortgage lenders.”

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The Pinellas County real estate market is continuing to see higher sale prices and homes moving at a faster rate for both the Single Family and Townhome/Condo markets compared to February 2017.
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As more multifamily developers experiment with modular construction, its use is increasing.
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Did you know that St. Pete offers no-interest loans for qualified first-time home buyers and for qualified homeowners who need help to rehab their houses?
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The premium hikes, which are required by law, will be as little as 2% for some properties and as high as 24% for others. The average increase will be about 8%.


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What’s Up With Housing?

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As early investors in bitcoin gained massive wealth, interest in the cryptocurrency also grew and started reaching other industries — real estate, in particular. Some real estate startups have launched tokens backed by property assets while another created a blockchain for recording real estate transactions, leading to the first-ever U.S. property transfer recorded using blockchain.
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Land and construction costs have increased sharply since the end of the last boom a decade ago, and construction activity remains at an almost 60-year low.
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Florida Building Codes Thwarted Hurricane Damage…
Florida’s building codes top all other states, according to a report that found the state’s newer properties were better able to withstand Hurricane Irma damage.
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The key component of smart homes and home automation is the Internet of Things (IoT). It has allowed us to connect our devices and home appliances with each other with the help of internet.
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Home sales jumped in February, showing buyers may not be as concerned about interest rates and taxes as previously thought.