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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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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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Millennials still show a preference for conventional loans. In Sept., 68% of all loans were conventional; 27% FHA and 2% VA, reports Ellie Mae, which says the industry should “educate these buyers on the options… available to them.”
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As home prices rose in the years before the Great Recession, complaints about a shortage of “workforce housing” became common in many communities throughout Florida. Those complaints are back again, with a vengeance. In most fast-growing areas of Florida — particularly in South Florida and Orlando — housing affordability for low- and moderate-income workers is a bigger issue than ever.
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The federal government’s clampdown on dirty money in luxury real estate markets in South Florida and other metropolitan areas is ramping up.
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Stackable apartments. Robotic valets. Infrared spas. The future has arrived, haltingly, and this time will be different. Maybe.
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Want to retire comfortably? Millennials should buy a home now, finds a ULI study. Those who postpone a purchase now to save money end up losing out later, because buying young nets a “big bang for the housing buck.”
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The 2018 Houzz Bathroom Trends Study finds homeowners are opting for showers over bathtubs in their master suites. And over half (56%) of baby boomer homeowners are addressing aging-related needs during master bathroom renovations.
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For the second consecutive month, sales and prices showed healthy year-over-year gains in October, with Pinellas County recording its biggest price jump — 13.3 percent — since January.
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What’s Up With Housing?

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A quarterly survey of 100 real estate economists found that 43% expect a buyer’s market to return in 2020, and 25% think it will happen before the end of 2019. However, 18% predict 2021, 6% pick 2022 and 9% think it will take longer.
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Statewide, home flips accounted for 5.7 percent of all home sales in the period, down 18 percent over the year and the 10th highest rate in the U.S.
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Don’t wait until disaster strikes to find out if your homeowners insurance policy has you covered. Discover the surprising truth about perils that are not included in a standard policy, and learn how to minimize your risk while saving money on premiums.
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Researchers and real estate experts say people are aware of potential risks in smart homes — and are willing to accept them.
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If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
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Few residents knew that garage doors present a major risk; that generators silently kill; or that cleanup costs can be prohibitive even with homeowners insurance.
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New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally.

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What’s Up With Housing?

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The new technology should give buyers new loan options as the ultra-secure platform makes it safer and easier for private individuals to lend money to strangers.
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We will not have a glut of inventory like we did back in 2008 and home values won’t come tumbling down. Instead, if demand weakens, we will return to a normal market (approximately a 6-month supply) with historic levels of appreciation (3.6% annually).
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Florida Realtors Pump Another $500K Into Amendment 2 Push.
Florida Realtors are supporting a proposed constitutional amendment that would make permanent a cap on increasing property taxes for non-homesteaded properties.
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Why this story about the cost and value of innovation matters in housing right now.
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Get ideas for camouflaging your outlets, adding task lighting, and avoiding common kitchen annoyances.
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Rental units are the fastest-growing segment of the housing market. At the same time, the vacation rental marketing is also booming. But which is a better investment: leasing your property to a long-term tenant or renting to travelers on a short-term basis?

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What’s Up With Housing?

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Spring Forward! 7 Ways to Make the Most of This Weekend.
Wild birds, Pi Day or an extra hour of daylight in the evening — which of these pre-spring pleasures tops your list?
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Many home sellers worry that they could be selling their home too soon, losing out on thousands of dollars. Here’s a reality check to help you cope.
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Project Destined teaches kids how to value and finance local apartment buildings, and then given the opportunity to share in real profits from those properties.
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Nine Florida metropolitan areas, including the Tampa-St. Petersburg-Clearwater metro, ranked in the top 20 metros nationwide for consumer reports about fraud in 2017.
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“We are concerned with the recent increase of loans that have debt-to-income ratios exceeding 45%.”
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It’s getting harder to find areas with a healthy balance of affordable home prices, low competition and strong growth prospects.


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What’s Up With Housing?

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The National Flood Insurance Program did not expire last Fri. as feared, but Congress extended it for only 2 weeks. Its new expiration date: Dec. 22, 2017.
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Thinking about buying your first home? Before you can unlock the door to homeownership, you have to take some important first steps. From finding the perfect location to financing your purchase, shopping for your first home has challenges that go beyond curb appeal and interior features.
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80% of millennial renters want to buy a home, yet most say they can’t afford it. However, there are ways to get around that problem.
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Some home flipping wisdom for investors who want to make sure they are keeping sharp when it comes to effectively — and profitably — flipping homes.
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Tampa Bay has seen two booms in house flipping – one in the mid-2000s, when prices headed steadily upward, and again from 2011 to 2014 when the market was flooded with cheap foreclosures. But in the three months ended in September, area flippers made an average gross profit of 54.5%, a drop from 66.5% in the same period a year ago.