Title Security's Blog

Comprehensive Title Insurance & Escrow Services


Leave a comment

What’s Up With Housing?

.

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.

.

.

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.”

.

.

.

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.
.
.
.
.
As more multifamily developers experiment with modular construction, its use is increasing.
.
.
.
.
.
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?
.
.
.
.
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%.
Advertisements


Leave a comment

What’s Up With Housing?

.

Some buyers want a newly built home, but today’s tight inventory of existing homes is pushing even more to consider construction. Building a home, however, comes with different challenges, such as greater difficulty finding a willing lender.
.
.
.
Inventory of homes for sale is still well below the 6-month supply needed for a normal market and supply will ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.
.
.
.
According to the recent JPMorgan Chase Business Leaders Outlook survey, which showed that about 91 percent of owners of the state’s small- and medium-sized businesses expect local economic conditions to be favorable in 2018.
.
.
.
Rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.
.
.
.
“Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.”
.
.
.
.
Conference Board: Despite recent stock market volatility, consumers expressed greater optimism about short-term prospects for U.S. businesses and labor markets.


Leave a comment

What’s Up With Housing?

.

The fates of hedge funds and other investors in Fannie Mae and Freddie Mac could hinge on a yet-to-be written provision of the latest bill to overhaul the entities.
.
.
.
.
Check out these 11 inventive and inspiring recycled shipping container home designs.
.
.
.
.
.
U.S. Department of Housing and Urban Development Secretary Carson commits to end homelessness. “We know how to end homelessness and it starts with embracing a housing-first approach that relies upon proven strategies that offer permanent housing solutions to those who may otherwise be living in our shelters and on our streets.”
.
.
The rise in mortgage applications last week doesn’t make sense — unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over.
.
.
.
Foreign Real Estate InvestorsAgain, U.S. at No. 1 for Foreign Investors in Real Estate.
Foreign investors in real estate assign high importance to the potential for wealth and security—and according to new research, the U.S. is expected to offer both more than any other country in 2018.
.
.
.
Come on Inside The reNEWable Living Home…  More than ever, Americans’ relationship with their homes is evolving. As research strengthens the link between smart design and health, as more extended families come together under a single roof, and as the construction industry grapples with a labor shortage amid demand for resilient, durable homes, builders and architects are realizing it’s time to disrupt the traditional home building process.


Leave a comment

What’s Up With Housing?

.

Museums, apartments, condos, a new police station and a dozen other projects mark one of the biggest downtown building booms in St. Petersburg’s 130-year history.
.
.
.
.
“Peak Millennial” doesn’t mean what it used to, because Millennials are getting older. And even still, they’re sticking around cities more than older generations.
.
.
.
.
Why developers are embracing this growing segment of the luxury condo market. Toll Brothers has made a practice of stretching its brand to accommodate its customers’ shifting tastes.
.
.
.
UF’s consumer index rose an average 4.6 points in 2017, even though it dropped 1.4 points in Dec. Floridians were “far more optimistic in 2017.”
.
.
.
.
More and more affordable housing developers are considering modular construction for their developments because of the time and cost savings prefabricated building can yield.
.
.
.
.
Optimistic 2018 Construction Forecast Tempered by Worker Shortage.
The construction industry is expected to continue to grow in 2018, but Florida construction firms face issues of worker shortages and outside competition.
.
.
.
.
Freddie Mac says the average rate on 30-year fixed-rate mortgages dropped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%.


Leave a comment

What’s Up With Housing?

New Years

Speculation is a major element of the housing bubble formula. Right now, there are not elevated percentages of investors and house flippers. Therefore, there is not an elevated rate of speculation.
.
.
.
Tiny houses can teach all of us how to stay organized. Here are some tiny-house rules that will work wonders for big homes.
.
.
.
.
.
As investors remain cautiously optimistic in repositioning their portfolios and recalibrating their strategies for 2018, here are eight trends to watch for in multifamily investment for the upcoming year.


Leave a comment

What’s Up With Housing?

.

Buyers at high-end waterfront properties are sparing no expense for storm-resistant features. They’re paying closer attention to the vulnerability of their current property and future property.
.
.
.
Zillow panel of housing experts and economists sees dynamics carrying forward into next year, with the exception of interest rate rises. And that might be good.
.
.
.
.
.
Home's Collateral ValueNew Challenges for Determining A Home’s Collateral Value.
Fannie and Freddie plan to waive the requirement for professional appraisal of purchase loans with an LTV ratio of 80% or lower.
.
.
.
DRC commissioners agreed that the 300-foot-high Bezu would be dramatically out of scale with the neighboring Flori de Leon and other nearby structures.


Leave a comment

What’s Up With Housing?

.

Suburban-bound Millennials and Other 2018 Housing Trends to Watch.
What’s ahead for real estate in 2018? Zillow economists put their heads together and offered up a laundry list of forecasts and predictions.

.

..

Most millennials say they want to eventually own homes, and only rent because of financial necessity.
.
.
.
Malls are dying. There aren’t enough homes. Is there a solution? Across America, malls are being repurposed for residences as an oversupply of one meets a lack of the other.
.
.
.
.
.
The Florida housing market recorded increases in sales, median prices, new listings, and new pending sales in October, signaling a rebound from the impact of Hurricane Irma.
.
.
.
With data on millions of homes nationwide, the folks at Realtor.com think they have a pretty good idea of how the real estate market is doing.
.
.
.
.
Last year, mortgage loan limits accepted by Fannie and Freddie rose only slightly for the first time in a decade – but they’ll top out at $453,100 next year.