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What’s Up With Housing?

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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.
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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.
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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.
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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.
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What’s Up With Housing?

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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.

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Most millennials say they want to eventually own homes, and only rent because of financial necessity.
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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.
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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.
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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.
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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.


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What’s Up With Housing?

Give Thanks

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The high-end real estate market isn’t just mansions in Miami – a number of multimillion-dollar horse farms with vast acreage have hit the market lately.
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Info on the current state of the market, how expectations regarding market and company performance changes in 2017, long and near-term strategies, and which industry trends are rising and waning.
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It’s not just a new lid on MID that may impact demand for for-sale real estate. Fewer may also qualify for a mortgage. Doubling the standard deduction might go far to improving many households’ net financial gain, but will that be enough to offset the deductability not only of interest on the mortgage, but property taxes as well as state and local tax?  
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Pinellas County Home SalesHurricane Irma Hurt Some Tampa Bay Home Sales Even in October.
According to figures released by Florida Realtors​, sales of single family homes in Pinellas dropped 3.7 percent in October from the same month a year ago. That was not nearly as bad as September’s 25 percent plunge but it reflects the lingering effects of Irma.
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The most attractive features of an apartment unit to renters turn out to be good management, good cell phone reception and a rent that feels reasonable.


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What’s Up With Housing?

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According to Freddie Mac’s Outlook for Sept., new homes will be a primary driver of sales and slightly higher mortgage rates will dampen price increases. But “the economic environment remains favorable for housing,” says chief economist.
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While far from new, eco-friendly and affordable, shipping containers are gaining popularity as an alternative to traditional houses.
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Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.
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As Congress and the Trump Administration release plans for tax reform, NAR says it will fight to make sure any new tax plan doesn’t discourage homeownership.
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Both on 4th Ave N, The Bezu, is a 24-unit tower close to Beach Drive, and 747 North, an 18-unit project several blocks to the west.


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What’s Up With Housing?

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Homeowners in Florida are finding that homes built to the stricter building codes seem to have fared better during Hurricane Irma.
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NAR’s Call for Action ended Friday. While NAR initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone major changes. NFIP now expires in December.
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Florida’s housing market continued its positive track in August, with more closed sales, increased pending sales, more new listings and rising median prices.
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FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings has been waived.
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PRO LogoPinellas County Real Estate Statistics for August 2017
Here’s the Stand-Out Stat for August 2017: Median Time to Sale for Single Family Homes was 63 days down 13.7% from 73 days in August 2016.
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Now that the “big one” has finally happened how can you protect yourself?


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What’s Up With Housing?

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With the following apps, you can get organized (whether you plan to buy or sell), save money, learn about the homes in your neighborhood and get inspired for your next renovation project.
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If you are thinking of selling, FSBOing may end up costing you money instead of saving you money.
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The government’s Home Affordable Refinance Program was all set to end next month, September 30, to be exact, but that’s not the case anymore.
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Could those dramatic gains in Tampa Bay home prices really be slowing down? July sales figures hint that the long-running sellers’ market might be shifting more in favor of buyers.
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Gen Y HomebuyersWill the Generation After the Millennials Own Homes?
“Given Generation X has a high homeownership rate and Generation Y is expected to as well I would expect nothing different from the youngest generation”
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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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