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What’s Up With Housing?

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Wall Street is witnessing the best bull market in homebuilder stocks in years.
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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.
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There’s an interesting program being introduced by Lennar Home Builders and Eagle Home Mortgage.
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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.
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Willing to endure things that go bump in the night for a better real estate deal.
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What’s Up With Housing?

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Some buyers love the idea of farm living providing it’s in the heart of the suburbs. Like golf communities, agrihoods focus on nature but also sell organic food.
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After falling for the last 10 years, the home-ownership rate increased during the first half of 2017.
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With 10,000 boomers retiring each day, builders remain confident. NAHB’s 2Q 55+ index not only rose 11 points, it’s been in positive territory for over four years.
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What Do Buyers Want More — A Bigger House or a Bigger Yard?
Turns out a big yard gives homeowners the extra ‘breathing room’ they want.
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Siding, Paint, Roofing, Wallboard Join Lumber as Input Inflation Drivers.
As 2018 budget season arrives, it’s time to both model in and do something about cost escalation on building products and materials.
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Tampa Bay Has Two New Million-Dollar ZIP Code Areas — Is Yours One of Them?
The addition of St Petersburg’s 33701 to the million-dollar ZIP list reflects the huge demand for luxury condos along Beach Drive with its waterfront views and wealth of restaurants.
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What’s Up With Housing?

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Check out the slideshow for which ZIP codes saw the most homes sell, as well as the average and sale prices for each ZIP code.
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The short answer: No, according to a JPMorgan study. Sharp housing price corrections are rare, they say, even after a large run-up in home prices.
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Tesla Installs First Solar Roofs
The roofs were first announced last October, with online orders beginning in May. The carmaker’s new solar roof tiles are made to resemble regular roofing.
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Homeownership Rate Rebounds from 50-Year Low
Good news for Real Estate… The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing.
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Florida Consumer Confidence Rises 1.5 Points in July
Consumer sentiment among Floridians hit its second-highest level since 2002. Of the five components that make up the index, three increased and two decreased.

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http://www.TitleSecurityFL.com

 


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What’s Up With Housing?

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The latest County numbers are in for June and they show that the market continues to hold strong, including the highest Closed Sales figure for the Single Family Homes segment since at least 2009.
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Instead of dormitory-style buildings, flexible mass-produced housing pods might offer a way to sidestep zoning code barriers and get people off the streets.
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What do Americans click most on home remodeling websites? Currently, they’re drawn to modern, high-end finishes, spa-like bathrooms and chic industrial features.
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Once in the top five nationally for foreclosure filings, the Tampa Bay area no longer makes even the top 25.
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Lower Mortgage RatesMortgage rates drop below 4%.
After two weeks of increases that took the 30-year fixed-rate mortgage to 4.03%, it dropped back this week to an average 3.96%.
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What’s Up With Housing?

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Modular High RiseModular High-Rise Allows Residents to Customize Prefab Units.
Architecture studio penda releases plans for a mixed-use garden tower that marries dense, urban living and natural elements.
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10 Steps to a Stress-Free Barbecue
Ensure that your barbecue goes off without a hitch by taking a look at these tips to plan ahead and keep the party going when night falls.

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Maria WellsFlorida Realtors’ 2017 President Says Property Rights is a Priority.
In Tallahassee, Maria Wells pushed for state money for affordable housing, an issue that has re-emerged as home prices rise, Wall Street landlords snap up single-family homes and housing starts remain sluggish.
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Canadian FlagCanada’s Housing Market Could Pose Trouble for the Rest of Its Economy.
While there is a positive economic forecast, a housing bubble could change everything.
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Housing CharacteristicsCensus Bureau Releases 2016 Housing Characteristics Report…
Everything you need to know about the housing market, in numbers, is here. Considering characteristics such as the number of bedrooms and bathrooms, the location of the laundry, presence of homeowner’s association, the buyer’s source of financing and the structure’s square footage.
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http://www.TitleSecurityFL.com  


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What’s Up With Housing This Week?

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Millennial House HuntingHouse Hunting in Florida, Millennial Style…
Millennials are a strong, and growing, segment of the home real estate market, but they approach the task differently than their parents do.
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SustainabilityImproving Building Performance Through Initiatives, Incentives, and Mandates.
Several U.S. cities offer design- and code-related programs to encourage architects and developers to pursue sustainability more vigorously.

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HomeownershipIs America Shifting From Renting Back to Owning?
Homeownership rate ticks up in 1Q, much more than renter households.

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Design Ideas3 Design Schemes That are Heating Up This Summer
It’s important to stay focused on the purpose of home improvement. Be prepared to suggest both classic and off-the-wall ideas to help your client manifest their design dreams.

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Construction Labor ShortageConstruction Industry Still Missing Workers.
This lack of workers has become one of the “under-reported factors” behind the rise in home prices.

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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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Skinny HomesSt. Petersburg’s middle-class housing dilemma may have an answer: Skinny Homes
It’s a new name for an old concept found in many other cities like Chicago, Charleston, New Orleans and Nashville. Think of a two-story gussied-up shotgun house.

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Suburbia's FutureThe American Dream of suburbia is evolving — here’s what it’ll be like to live in the suburb of the future.
Since the 50s, the American Dream of suburbia included a huge home, white picket fence, and shiny car. How will that dream change over the next decade?

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Mortgage RatesEven with Mortgage Rates Inching up, Now is Still the Time to Buy.
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

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National Association of Home BuildersBuilder Confidence Hits 12-Year High…
“Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.”

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MortgagesWhy are there so few mortgages in Tampa Bay these days?
Along with the dramatic drop in Tampa Bay foreclosure filings has been this equally striking if less-noticed trend — a huge decline in new mortgages.

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Spring Buying SeasonWhat Can Buyers Expect in the Spring Housing Market?
Higher mortgage rates and low inventory among the things the potential buyers can expect to see.
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http://www.TitleSecurityFL.com