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What’s Up With Housing?

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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.
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“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
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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
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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.
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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.
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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.
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There continues to be a steady flow of capital, although the big banks have tightened their hold on construction loans.
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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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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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5 Tips if You Plan to Buy or Sell a Home Using Cryptocurrency…

  • Cryptocurrencies are fast becoming the payment method of choice for the high-end real estate market.
  • Those who have made millions through cryptocurrencies look to real estate as a logical, less volatile asset.
  • Cryptocurrencies are still largely unregulated, which also makes them more attractive for potential home buyers.

Real estate agent Tony Giordano knows high-end real estate, and he has made it his business to know cryptocurrencies, because that is fast becoming his business. The crypto craze has made new millionaires, many of whom are looking for ways to reinvest their gains. Real estate is a logical, less volatile asset.

So Giordano, who specializes in the luxury real estate market, is more often than not traveling from his home base in Los Angeles to real estate conferences around the nation, teaching other agents how to deal in cryptocurrencies. The requests are coming in faster and faster.

“What I’m trying to teach agents is, do your research if you want to invest in it, but regardless of the investment side, this is a real currency and you’d better learn it and understand it,” said Giordano. “They’re not realizing, it’s here now as a currency to be used in the purchase and sale of a property.”

Giordano has already closed several cryptocurrency home sales. He now asks every one of his seller clients of a high-end home if he or she would be willing to accept any currency. The strategy is simple: The more options for the buyer, the more potential buyers, especially on the high end, where buyers often want to fly under the radar and avoid tax issues. Cryptocurrencies are still largely unregulated.

“That’s our job in marketing property, especially luxury real estate,” said Gioradano. “Never assume where the buyer is going to come from. Make sure we get this property out there and say we are open to all currencies and crypto being one of them.”

Nationwide there are already a few hundred listings that mention cryptocurrencies as an option for buyers.

These are Tony’s tips for buyers and sellers:

  1. Research: Sellers need to really take the time to learn and understand it. Cryptocurrency YouTube videos can really help.
  2. Understand: Stop thinking only about the investment side of it. It’s a real currency regardless of its value (bubble or no bubble) that people can buy or sell real estate with.
  3. Hire an expert: Sellers need to make sure the agent they are interviewing to list their property is very familiar and experienced with a crypto transaction.
  4. Practice/learn: Download a cryptocurrency app (like Coinbase) and buy $20 of a bitcoin to start to understand how to buy it and then sell it back and exchange it to USD again.
  5. Keep up to date with all the main cryptocurrencies. Not just bitcoin. You want to watch bitcoin cash, ethereum, lite coin, ripple, etc.

via Diana Olick, CNBC


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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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The National Flood Insurance Program did not expire last Fri. as feared, but Congress extended it for only 2 weeks. Its new expiration date: Dec. 22, 2017.
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Thinking about buying your first home? Before you can unlock the door to homeownership, you have to take some important first steps. From finding the perfect location to financing your purchase, shopping for your first home has challenges that go beyond curb appeal and interior features.
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80% of millennial renters want to buy a home, yet most say they can’t afford it. However, there are ways to get around that problem.
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Some home flipping wisdom for investors who want to make sure they are keeping sharp when it comes to effectively — and profitably — flipping homes.
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Tampa Bay has seen two booms in house flipping – one in the mid-2000s, when prices headed steadily upward, and again from 2011 to 2014 when the market was flooded with cheap foreclosures. But in the three months ended in September, area flippers made an average gross profit of 54.5%, a drop from 66.5% in the same period a year ago.


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What’s Up With Housing?

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“Convenience is one of the most attractive qualities to Millennials and something real estate developers should keep in mind…”
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NAR says the just-announced tax proposal is “nowhere near as good a deal as the one middle-class homeowners get under current law.” NAHB says it “abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations.”
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Would you live in a shipping container? Check out these inventive recycled container designs.
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Pet owners face unique challenges when buying and selling a home. Not all neighborhoods, houses or condos will love their dog as much as they do.
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If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.
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NAR: Before its Dec. 8 expiration date, NFIP will likely be OK’d for another extension to give Congress time to finalize a longer-term revamp of the program.
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