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What’s New With The Housing Market?

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There are a number of reasons why lenders turn down mortgage applications, but some of the most common can be avoided quite easily.
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Four Secrets to a Stylish Smart Home.
Smart Home products don’t always prioritize looks. That’s fair, since what most consumers want out of a smart device is brains, not beauty.
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Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data.
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Here are the worst mistakes real estate agents say sellers make when listing their homes — and what you should do instead.
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“The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,”

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What’s Up With Housing?

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An FHA loan with a low down payment can be a lifesaver; but, as one newbie home buyer discovered, it isn’t all smooth sailing.
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Only Gen-X Household Wealth Has Recovered Since the Housing Crash.
The generation that lost the most is the fastest to bounce back, with median net worth up 115% since 2010.
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Simple advice – buy a home and pay off your mortgage early so that you can retire sooner with the money you will have saved!
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If boomers see the pool of buyers shrinking and home-price increases slowing, will they decide it’s time to cash in and downsize? And if they do, will the market be flooded with listings? Some economists think that things could change quickly.
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In cities nationwide, home prices are at or above their pre-recession levels. It’s no bubble, but that doesn’t mean a drop isn’t coming.
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How does housing impact the health and well-being of its residents? What responsibility does housing have to its occupants, and how is it changing? [VIDEO]

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What’s Up With Housing?

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It’s been 10 years since the Great Recession, but most home prices in the Tampa Bay area still haven’t reached their pre-recession peak, according to numbers released by Zillow.
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The CFPB had about 1,200 reverse-mortgage consumer complaints over 3 years. People cited “confusion and frustration over the terms” and loan-servicing problems.
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Home buyers young and old want high-tech features in their homes. Across the board, and across the generations, security and convenience are of primary interest.
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Despite rising prices, Tampa remains one of the best cities in which to flip houses ranking 10th among 172 cities compared on such metrics as median purchase price and average remodeling costs.
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The Senate approved a bill this week, and the president signed it, to keep the National Flood Insurance Program operating for 4 more months.
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Young People Don’t Want Construction Jobs…
Disinterest in construction work is contributing to a labor shortage that has meant fewer homes built and rising prices—possibly for years to come.
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Americans Rank Real Estate Best Investment For 5 Years Running!

Americans Rank Real Estate Best Investment For 5 Years Running!

Take-Aways:

  • Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
  • The generations agree! Real estate is the best investment!
  • Generation X leads the way with 37% believing in real estate as the top investment.

 

via The KCM Crew


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What’s New With Housing?

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Zelman & Associates forecasts strong single-family growth for the next 30 months or more. Even in a scenario that includes a broader economic downturn within that time period, housing activity would continue to show resilience, with little risk of a severe impact.
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The ACE appraisal waiver will save eligible condo borrowers about $500 in fees and allow them to close 7-10 days faster, Freddie Mac says.
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Closings: 6 Things Buyers Must Do Before They Move In.
Contingencies, clear titles, disclosures, mortgage approvals, walk-throughs and tons of paperwork? It’s a bit of journey moving from contract to closing.
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When it comes to decorating your home, the bathroom should never be overlooked – it’s important that it performs its functional duties whilst maintaining a feeling of comfort.
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As developers today, we’re adopting more aspects of placemaking—a collaborative effort to strengthen the connection between people and the places they share, to help transform spaces into places that serve as an extension of the neighborhood.


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What’s New With Housing?

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From rooftop decks to custom wood floors, these repurposed shipping containers are anything but boring.
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The The Counselors of Real Estate‘s annual list of industry threats lists rising mortgage rates and the general economy at the top, but it includes long-term issues for the first time, such as a weakening infrastructure and disruptive technology.
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Study: With inventory tight, an entire generation has been forced to consider fixer-uppers, and they’re more comfortable tackling remodeling projects.
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If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
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For the first time since the Great Recession, there are signs of a broad shift in America’s housing market.  Homeownership rates are inching up, while the number of new rental households has declined slightly.
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New Listings for Pinellas County Single Family and Townhomes/Condos UP 8.8%… 1,626 in May 2018 versus 1,494 in May 2017.
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Prefab HousesWhere Are All the Prefab Houses?
Architects, environmentalists and some forward-thinking builders embrace the construction method as the way every home should be built in the future. But modular homes are still a rarity. Why?
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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.