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What’s New With Housing?

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Home sale prices continued to rise both nationally and throughout Florida in April as a prolonged dearth of available homes on the market is making it tough on buyers.
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Building Zero Energy Up to Scale
Zero energy proves a smart strategy for the future of building for both the builder and the user.
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At 100.6, the monthly consumer sentiment index from UF also passed the 100 mark for only the second time since March 2002.
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These new releases for 2018 will have your clients’ K+B spaces sparkling for years to come.
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Everyone likes to travel in style, and hotel designers know how to make getaway spaces feel luxurious.
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What’s Up With Housing?

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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.

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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.”

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


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What’s Up With Housing?

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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.
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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.
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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.
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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.
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“Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.”
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Conference Board: Despite recent stock market volatility, consumers expressed greater optimism about short-term prospects for U.S. businesses and labor markets.


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What’s Up With Housing?

 

Demand for single-family homes declines along with fertility rates, and changing U.S. demographics could boost demand for townhouses and condos.
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Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings.
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Tuesday’s topics of discussion ranged from how to tackle the homelessness epidemic in major U.S. cities to whether crowdfunding has a place in the commercial real estate industry.
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Tampa Bay has more zombies — of a certain kind — than most anywhere.


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What’s Up With Housing?

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Housing Shortage
The Fed is pre-emptively raising interest rates so the economy doesn’t overheat. But overheating is not the current problem.
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Can the economy support a strong housing market without help from Washington?
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A home inspection can make or break a real estate transaction. See what goes into a home inspection, and whether waiving that condition is a good idea.
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How will we be living in 10 years’ time? Futurist Morris Miselowski tells us his predictions about where and how we’ll be living a decade from now.


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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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First Time BuyersDo you live in one of the hottest-selling neighborhoods in Tampa Bay? Check your ZIP
See which parts of the sprawling Tampa Bay region have fared best in the current real estate boom.

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John CatsimatidisGet to know the billionaire in the Big (Red) Apple behind St. Pete’s next great skyscraper.
Billionaire John Catsimatidis has a favorite word: Opportunity.
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CFPBHouse Passes Bill Gutting Dodd-Frank Law
The Financial CHOICE Act passed along party lines Thursday.
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Lower Mortgage RatesAverage U.S. 30-year mortgage rate falls to 3.89%.
Freddie Mac: The 30-year FRM fell for the fourth week in a row, the lowest level in nearly seven months; a year ago, it was 3.60%. The 15-year FRM eased to 3.16%.

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How Developers Are Adapting to Residents’ New Live-Work-Play Lifestyles.
As the lines between home and work fade with opportunities of remote work and entrepreneurial ventures, residents want a community where they can do it all.
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