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What’s Up With Housing?

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Survey: A top reason 1 out of 3 millennials buy a first home is to provide a yard for their dog. As a motivator, it outranked marriage and raising children.
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ROI of Sustainability is More Complex Than You Think.
The value of energy efficiency and sustainability can prove to be greater, more lucrative or more complex than it appears on the surface.
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In the second quarter of 2017, the Florida housing market had more closed sales, higher median prices and more pending sales, according to Florida Realtors.
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Florida Leads Nation in Foreign Residents Buying and Selling.
Foreign investors want to buy in Florida, but they also want to sell Fla. property when the income potential is right – and many Canadians think that time is now.
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It might not be “Plan A,” but some Millennials that return home after college are turning it into a positive stay by saving enough cash to buy homes.
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What’s Up With Housing?

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Tampa Bay Homes ValuesTampa Bay Homes Values Soared in 2016 But So Did Rents.
Happy New Year, Tampa Bay — you’re worth more than you used to be.

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2017 Housing MarketWhat We Can Expect in the 2017 Housing Market…
Although mortgage rates will climb, inventory should improve and buyers should have more options for financing a home.

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Housing Market TrendsThese 5 Trends Will Shape the Housing Market in 2017…
Rates, starts, credit, cities and foreign buyers are on the list.
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Florida Association of RealtorsFloridians’ confidence soars in December.
Consumer sentiment in Florida surged 6.9 points in December – its highest reading since March 2015 and second-highest since February 2004.
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Apartment Construction Fizzling?More signs the apartment boom may be fizzling.
New data shows that not only are builders constructing fewer apartments, but that a smaller percentage is finding tenants.

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Housing News of Interest

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Warehouse Arts District LogoSt. Petersburg arts district improvements coming.
Close to 100 people at the Warehouse Arts District association’s annual membership meeting heard about streetscaping, lighting the Pinellas Trail and 30 new studios for artists.

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Neighborhood ScoresWhat’s Your Neighborhood Score For Aging in Place?
AARP offers a Livability Index to drive community focus on independent living… just type in your address.

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Innovation DistrictNew Multi-Family Development Proposed for St Petersburg’s Innovation District.
The BURG’s Innovation & Warehouse Arts District to deliver major developments in the coming years.
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Foreign BuyersHow Overseas Buyers Can Get a Mortgage for a U.S. Home.
Many foreign buyers who finance a U.S. home will need private loans, which typically have higher down payments and interest rates.
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Short Term RentalsThe Short-Term Rental Boom and its Effects on Property Values.
A “rentable” home can sell for more – if the community is open to guests. It may vary greatly from one neighborhood to another whether short-term rentals help or hurt a neighborhood or a particular development.
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http://www.TitleSecurityFL.com

 


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Interesting Housing News

New Home Labor CostsHigh New-Home Costs: It’s Labor, Not Materials…
The cost of raw materials – asphalt, iron, steel and diesel – has fallen, but total new-home construction prices are up 1.8% because labor costs are soaring.

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What Moms Want in Their HomeWhat Do Moms Want in a House?
With Father’s Day past us, the focus shifts back to the moms and what they look for when buying a house… Open floor plans, large kitchen, and an office so parents can keep tabs on their kids.

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30 Year MortgagesWhy a 30-Year Mortgage May Leave Buyers House Poor.
First-time buyers may want to be more cautious when it comes to 30-year home mortgages. If a buyer can afford it, they may save much more money by opting for a 15-year financing plan.

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State of Nation's HousingHousing Healthy Enough to Start Driving Economy…
Harvard JCHS: Still, market is hampered by tight credit, sluggish income growth and the inventory shortage.
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Florida Association of RealtorsMore Homebuyers Have Renovation in Mind.
Houzz Survey: Many buyers decide to renovate instead of buying a “perfect” home because they think it’s more affordable or offers a better return on investment.
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Brexit and FloridaHere’s how Brexit will affect Florida and the Tampa Bay area.
From trade to travel, tourism to real estate, the ties between Florida and the fifth-largest economy in the world run deep.
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Interesting Housing News

Thank you for attending yesterday’s Coffee Corner.  Lots of great information regarding changes to the The Foreign Investment in Real Property Tax Act.

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Towers of SecrecyU.S. Will Unmask Secret Buyers of Luxury Real Estate.
Beginning next month, the Treasury Department will take steps to increase transparency in luxury real estate transactions. The new initiative will target all-cash real estate purchases made by shell companies, LLCs, partnerships, and other entities that conceal the homebuyer’s identity.

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Tiny HouseNew Tiny House Model Offers Buyers an Affordable Escape.  Look out McMansions, the latest tiny home creation from manufacturer Escape is jam packed with features and has a very well-designed layout.

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The Rise of Urban Real EstateThe Incredible Rise of Urban Real Estate
New data from Zillow shows that average urban home prices in the U.S. now surpass those of the suburbs.
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Tropicana Field RedevelopmentSt. Pete puts out call for ‘once in a generation’ redevelopment plan… The city of St. Petersburg is laying the groundwork to redevelop Tropicana Field.

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Interesting Housing News

In case you hadn’t heard, we are having another Coffee Corner next Friday, the 26th, at 9:30am. Please join us and learn about:  Changes to The Foreign Investment in Real Property Tax Act (FIRPTA)

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Presidential Election and the Real Estate IndustryWill the Upcoming Presidential Election Affect Job Growth and/or the Real Estate Market? Does the political party the president belongs to determine job growth and real estate demand?

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"Henry" LoansLow Down Payments Would Reward High Earners in ‘Henry’ Loans…  Mortgage lenders may loosen jumbo-loan down payment requirements for a so-called “Henry”—an acronym for ‘High Earner, Not Rich Yet.’

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AgrihoodsHomes built adjacent to functioning farms?
Welcome to “Agrihoods” — pastoral ventures with healthier foods as their focus. This farm-to-table residential model has been sprouting up everywhere from Atlanta to Shanghai.

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Big banks are fleeing the mortgage marketMore Big Banks Just Say ‘No’ to Mortgage Lending.
Some analysts think big banks will retreat entirely, leaving mortgages to small banks and online lenders.
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Importance of HomeownershipImportance of Homeownership Finally Makes Political Debate. Tuesday, one of the candidates running for President spoke out about the importance of homeownership in America.

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Barbi's Smart HouseThe future is here: Even Barbie has a smart home.
Barbie’s Dreamhouse now has voice-activated smart home commands.

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Housing News: A Week In Review

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Florida's Foreclosure RateFlorida’s housing market continues to recover as foreclosure rate drops by nearly half.

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Money Laundering in Real EstateNonprofits want the Treasury to make the real estate industry verify foreign property buyers’ identities and vet them for a potential money-laundering

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Millennials Are Transforming HomebuyingHow ‪Millennials‬ Are Transforming Home Buying
Millennial home buyers rely on technology and are more comfortable texting than talking, which means big changes for real estate.

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Adaptable HomesDesigned and Built to Change…
Boomers and millennials want smart, adaptable, high-performance homes that can last a lifetime.
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First Time HomebuyersWhat First-Time Buyers Should Look for in a Starter Home…
Young homebuyers must learn to compromise because most won’t get everything they want.

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http://www.TitleSecurity.com