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What’s Up With Housing?

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While the rates on ARMs and FRMs can rise on their own, the Fed’s latest report to Congress suggests little policy change until it sees the economy’s next move.
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The DeNunzio Group hopes to develop a true mixed-use building unlike anything else offered downtown, with a range of uses including retail, office, hotel, residential, and, hopefully, public parking.
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If you’re looking to draw in buyers this year, start in the laundry room. According to the latest What Home Buyers Really Want (2019 edition).
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The most expensive home defects—uncovered in 9 to 20 percent of the homes studied—ranged in repair prices from slightly more than $1,000 to less than $10,000.
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Starting in 2023, no new building permits will be issued in the Florida Keys, a stipulation of a 1970s state mandate aimed at controlling development in the environmentally sensitive archipelago.
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Surveying buyers, the builders say that most of them want a house with a median size of about 2,066 square feet… down from average size of 2,576 SF in 2018.
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If there is one thing we know about the future, it’s that smart technology will increasingly be an everyday part of our lives.
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Attitude of Latitude Margaritaville is that “good times” are a big business idea for 55+ home shoppers.


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What’s Up With Housing?

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Doing your due diligence when buying a home is paramount especially when you are a first time home buyer. See what you should be checking before purchasing.
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Overall, bathrooms are becoming larger, cleaner, and sleeker, focusing on a minimum of elements such as surfaces and fixtures.
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Bubble fears are based on memories of the housing meltdown more than reality, some experts say. As long as buyer demand remains high and new-home production low, there’s no bubble to burst. Prices are a result of demand, not risky lending.
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Don’t wait for a competitive market; be ahead of the curve and sell your house at the best possible price!
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Pent-up demand from a new generation of first-time home buyers and a low supply of single-family housing should drive long-term residential new construction growth.
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Over the past few decades, green design has rapidly evolved from its early roots as a residential fringe movement, and, since then, much has changed about the way people live.
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Resort-style amenities were once a standard for condo projects. Today, buyers are looking for more service-style amenities.


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What’s Up With Housing?

Happy Presidents’ Day

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Overall, closed sales were slightly down from 2017, but sale prices were up!
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357 on Fifth, a 13-unit condo project, had been planned for 357 Fifth St. S in downtown St. Petersburg has now been scrapped and the property is up for sale for $1.3 million.
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Should a solar lease be regulated as a utility if it “sells” power to homeowners? The state says no, so solar-using homeowners needn’t fear new regulations.
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It takes more than changing the size of a home to change the mentality of the people who live inside.
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Homes need to combine a tight building envelope with mechanical ventilation and air filtration to provide consistently fresh indoor air. Healthy homes also provide optimal natural light.
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Prices continued to rise in all four bay area counties but the rate of increase has been cut in half since 2016, according to figures released Tuesday by Florida Realtors. Sales also lagged.
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Millennial home buyers are taking a long-term view when buying, and also tend to value safe neighborhoods and good schools over walkability and short commutes.


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What’s Up With Housing?

Valentines Day

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Three recent lawsuits pit one side against the other giving rise to tension between those intent on preserving the old and others who consider that advocacy a violation of property rights.
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There has been a shift in demand for rental housing due to demographic and other changes in our society.
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Strong job growth, tax law changes and an increasingly youthful population are among the factors making the Tampa Bay area far more attractive to investors than it was a decade ago.
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Repurposed with style.
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New York faces a big fiscal shortfall that its governor blames, in part, on tax reform. He says more residents are now moving to lower-tax states – notably Florida.
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The St. Petersburg City Council voted Thursday to allow development of a 21-story mixed-use building near Mirror Lake to move forward.


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What’s Up With Housing?

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Soft yet lively. Bold yet comforting. Meet Living Coral, Pantone’s Color of the Year. Learn how designers are incorporating this peachy keen hue.
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When it comes to determining the latest trends in interior design, it’s wise to consult the experts who are interacting with living spaces every day.
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With $80 million in pre-sales, downtown Tampa’s tallest building’s $24.5 million loan is proving the city has become a 24-hour destination.
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Fortunately for Floridians, federal and state programs and mortgage products are aimed at first-time homebuyers to help ease the burden and make homeownership possible.
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The 1,000-unit Mark, in the Dutch city of Utrecht, will be complete by 2023. The majority of its units will be low- and medium-income housing, or “care homes” for the elderly.
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To Realtors®, homeowners and others who ask, “Are we in another house price bubble?” – the answer is “No,” according to Dr. Len Kiefer, Freddie Mac deputy chief economist.
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Patterned tile, faux hardwood, and natural colors were among the popular looks at the January trade show in Las Vegas.


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What’s Up With Housing?

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A hybrid of orange and pink, this sunset-inspired shade is an instant mood booster for both you and your guests.
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Are you a homeowner looking to take advantage of your home equity by investing in a vacation home?
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New modular systems, lower-cost products, and consumer interest in energy efficiency are bringing a 30-year-old German-based construction method into the mainstream.
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For Realtors, any impact from the government shutdown depends largely on their location – rural vs. city – and whether they sell many lower-cost homes.
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Refinance index rises 35% for the week ending Jan. 4th as rates drop across all loan types according to the Mortgage Bankers Association.
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That’s right, toilets with internet-connected features, voice assistants built in, and more. Oh, and some are even for your dog and cat as well.


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What’s Up With Housing?

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Is there a bedroom makeover in your future? One of the easiest ways to refresh and revive your bedroom is with a fresh coat of paint.
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Industry expert Steve Friedman details the ins and outs of the sweeping legislation, including some good news for small builders and developers.
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Will we see the same trends as in 2018, when prices rose due to a relatively scant supply of available homes?
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Economists forecast growth in home prices to drop as higher interest rates impact the mortgage market, but Florida’s housing market is projected to do very well next year.
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How to handle the cost-per-square-foot question every buyer asks but no builder wants—or knows how—to answer.
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After four months of consecutive declines, consumer sentiment among Floridians rose in December. Similarly, consumer sentiment at the national level increased.
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Construction firms across Florida expect to step up hiring significantly in 2019 to meet a growing demand for the industry. There’s just one problem — a labor shortage that has plagued construction for years.


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What’s Up With Housing?

Merry Christmas

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Spanning the color spectrum from cool grays to warm terra-cottas, to blush oranges, these five color trends are expected to dominate the design and manufacturing industries in the coming year.
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First-time homebuyers made up the largest share of the U.S. home purchase market since 2005. Florida in particular has seen its first-time buyer market grow substantially faster than average lately.
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Less is best. Grass, that is. Do your shrubs need constant pruning? Then you don’t have the right shrubs in the right place, according to UF’s Extension Office.
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Many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell?” 
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In most Tampa Bay areas, the supply of available houses increased dramatically in November compared to a year earlier. That could lead to lower prices. 


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What’s Up With Housing?

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While baby boomers have driven housing demand for decades, it’s time for millennials to take the wheel—but they need help from builders.
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The uplifting pick symbolizes an “innate need for optimism and joyful pursuits” and “authentic and immersive experiences that enable connection and intimacy.” Here’s how to use the 2019 Color of the Year in homes.
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The dream of modular architecture has been kicking around for decades. Has its time finally come?
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As construction costs soar in cities, more and more companies and governments are imagining a different model: building off-site and then trucking fully constructed apartments in from the suburbs.
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From interest rate hikes to climate change, shifts in physical, political and economic worlds affect the real estate industry with short- and long-term hurdles.
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Guess what? Style isn’t static, and your home decor shouldn’t be, either. Even the most beloved design elements can start to feel unbearably stale after a while. How many are in your home?


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What’s Up With Housing?

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Quartz countertops, induction cooking, and single-level islands are among the design trends that have the potential.
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If the expectations about housing in 2019 can be summed up in one word, it’s this: balanced. After months and months on a runaway track, home prices have started to temper, and will continue to moderate in the upcoming year.
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The administration wants to eliminate professional appraisals on home sale transactions less than $400K.  Critics say the change could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.
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Privacy, flexibility and accessibility need to be at the top of the list when planning a household for aging parents or adult children.
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The recklessness that accompanied the build-up in equity prior to the last crash does not exist today. That makes this housing market much more secure than the one we had heading into 2008.
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Naturally, after years of transforming beach homes into their best selves, Marnie Oursler has learned a lot about what works and what doesn’t—and what the next big thing in coastal design really is.
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Though ONE St. Petersburg is not yet finished, some buyers hope to flip their units for hefty profits as Tampa Bay’s luxury condo boom continues unabated.