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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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Poppys

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A grant worth nearly $1 million helped reinvent the program that has helped almost 100 students work towards carpentry certification.
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When the topic of disruption arises we often hear; smart homes will soon be the norm, more people than ever are connected via the Internet of Things, and Artificial Intelligence will disrupt the way we live, work and play.
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Realtor.com finds the z’s are indeed zealous when it comes to saving for a home.
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Authenticity has never been more important, and real estate agents should position themselves as trusted advisors and sources of insider information before, during and after the transaction.
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From plumbing and electric to additions and remodeling, this infographic shows the average cost homeowners paid for 57 popular home projects!
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Tiny homes are set to go through a growth spurt, because the demand for living small is getting bigger.
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We could see tax reform rollback, HUD cuts, flood insurance and other housing policy likely to be stalled in gridlock as a new makeup of lawmakers comes to Washington.


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What’s Up With Housing?

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From tariffs to taxes, these politically charged topics impact building pros across the country.
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“The latest research shows that green and energy-efficient home improvements have the potential to pay dividends for buyers and sellers,” says AI president.
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What’s ahead for real estate? Is it a good time buy? Sell? Refinance? Find out what experts predict will happen to housing prices, interest rates, and more.
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The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’
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72% say owning a home is their top priority when it comes to life events. Millennials also tend to equate homeownership with personal (53%) and financial (45%) success.
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The Urban Land Institute’s annual look at the year ahead focuses on technology and transformation at an uncertain moment.
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What’s Up With Housing?

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Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
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The housing market is not falling apart. We are just returning to a more normal market which, in the long run, will be much healthier for you whether you are a buyer or a seller.
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It’s not a news flash to learn that Millennials—people born between 1977 and 1996—love living in the city. But what cities and urban areas in particular do they favor?
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Early signs of a softening market, after years of sellers having overwhelming control, signal even more seller struggles into the future.
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While AI is poised to make a splash in transportation, medicine, manufacturing, and consumer tech in coming years, it also has the potential to disrupt the apartment leasing industry.
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Urban Land Institute’s survey predicts continued economic expansion, but lower rate of returns growth on CRE for the next three years.


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What’s Up With Housing?

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The Federal Housing Finance Agency recently published data on manufactured home prices for the first time.
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While the idea of a hurricane-proof home may sound far-fetched, a Florida housing startup called Arkup has created a residence that can withstand rising sea levels and Category 4 hurricanes. The key lies in its hydraulic while lifting it 40 feet above the ocean floor.
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Many who aspire to own their own place have been locked into the rental market, due to these two main problems: student loan debt and expensive down payments.
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NAHB Housing Market Index steady at a reading of 67. The HMI measuring current sales conditions rose one point to 74 and the component gauging expectations in the next six months increased two points to 74.
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American financial systems look different today, and NAR takes some credit for improvements due to its “significant advocacy support over the past decade.”
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The National Association of Home Builders is looking for a few good women, actually more than a few. Pre-apprenticeship programs help introduce women to the industry.


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What’s Up With Housing?

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You don’t have to declare war with your bank account — it is possible to achieve a happy compromise. Low-cost decor that looks expensive really exists.
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The construction industry is running out of workers to build all those new condo towers, housing developments and highway projects. The shortages span the trades, with pipelayers, sheet metal workers, carpenters, concrete workers, pipefitters and welders in particularly high demand.
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If all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in.
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Blueprint is a bold color choice, but not overwhelmingly so—it’s still soft enough to fit into homes full of neutrals and pastels.
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Even in a tight labor market, single-family builders are less likely to offer health, dental, and 401(k) plans compared with larger U.S. companies.
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NAHB Economist Robert Dietz offers a way to break the low inventory, high home price cycle.

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What’s New With Housing?

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It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options.
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34% of those who purchased a home were unfazed by price and rate hikes, 51% didn’t pay above asking price, and 42% only made one or two offers, according to realtor.com.
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If you are one of the many homeowners across the country who hasn’t quite found their forever home, now may be a great time to list your house for sale and find your dream home!
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After designing an incredibly cheap home, the 20K Initiative is now working with Fannie Mae and others to redesign mortgages and other factors that make home ownership so expensive.
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Be sure serious buyers and sellers understand the difference between the competing home price estimators — and recognize how they’re different from an actual appraisal.

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