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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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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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The members of Generation Z who have bought homes are the exceptions, but their spending power is growing.
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A correlation is seen between strict land use laws and the rise of home values. Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations.
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According to Time Magazine, the number of female billionaires grew faster globally in 2017 than the number of male billionaires. This redistribution of wealth has seen an impact on luxury real estate both in its purchase and design attributes.
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Styles and tastes evolve constantly. So, to help keep you up to date, here are six trends to consider incorporating when your clients say they want a fresh look.
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Austin, Texas, is a shining example of how sustainability can contribute to the development and growth of a city.


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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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Half the mortgage rate gain observed since the start of January has since been erased, according to Zillow.
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But for all the enthusiasm, the tiny-house movement isn’t moving very fast. Financing, zoning laws and entrenched attitudes have conspired to limit tiny houses to a tiny percentage of the nation’s housing stock.
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The Pinellas County housing market hasn’t shown any let down in the year-over-year median sale price and median time to sale for Single Family Homes and Townhome/ Condos. $266,375 in June 2018 versus $248,450 in June 2017
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There are 7 factors that you should consider when choosing your retirement dream home. Evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement.
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The Top U.S. Migration Pattern? New Yorkers Moving to Florida.
Florida was also the top destination for out-of-state movers from New Jersey, Pennsylvania, Michigan and Illinois, though a handful of Floridians moved to Texas.
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What’s Up With Housing?

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Owning a home has always been, and will always be, better from a financial standpoint than renting.
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Second cut to state’s biz rent tax in as many years takes effect Jan. 1, 2019. Combined with last year’s cut, some Florida businesses will be saving nearly $100M each year.
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12% of millennials surveyed cited “rising rents” as the trigger that sparked them to become homeowners, while 17% said family needs; for 55+ buyers, 20% said privacy. Overall, 44% want a three-bedroom home, and 93% want at least two bathrooms.
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A new report from a federal watchdog finds that the Federal Housing Administration incorrectly insured approximately 9,507 borrowers who were actually ineligible.
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This marks seventh-consecutive month of home price increases nationwide.
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Every year that passes, the more population patterns are starting to look like the old sprawling dynamic serving suburban and exurban demand.


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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%.