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What’s Up With Housing?

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“Everybody took a hit when the market crashed but since the market rebounded, African Americans are the only race that has been declining.”
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Removing upper kitchen cabinets, off-colored bookshelves, streamlined finishes, and built-in furniture are several small-space hacks that can be transferred to any home.
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Even if home prices stabilize, interest rates will keep going up, and people who think it wise to wait for the next buyer’s market will probably miss out. CoreLogic predicts a nearly 10% increase in buyers’ mortgage payments by next July.
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The recession has ended – but not in people’s heads. It still impacts the decisions of millennials who came-of-age during the economic crash.
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The housing market may be slowing down, but Nobel Prize winner Robert Shiller told CNBC he isn’t fearful that a big downturn is ahead.
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Scott McGillivray of HGTV’s “Income Property” and “Moving the McGillivrays” shares his picks for the elements that will define home renovation in the coming year.
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Nationally, attitudes about the economy improved a bit this month. The Oct. Consumer Confidence Index rose to 137.9 from last month’s 135.3.
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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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An FHA loan with a low down payment can be a lifesaver; but, as one newbie home buyer discovered, it isn’t all smooth sailing.
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Only Gen-X Household Wealth Has Recovered Since the Housing Crash.
The generation that lost the most is the fastest to bounce back, with median net worth up 115% since 2010.
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Simple advice – buy a home and pay off your mortgage early so that you can retire sooner with the money you will have saved!
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If boomers see the pool of buyers shrinking and home-price increases slowing, will they decide it’s time to cash in and downsize? And if they do, will the market be flooded with listings? Some economists think that things could change quickly.
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In cities nationwide, home prices are at or above their pre-recession levels. It’s no bubble, but that doesn’t mean a drop isn’t coming.
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How does housing impact the health and well-being of its residents? What responsibility does housing have to its occupants, and how is it changing? [VIDEO]

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What’s New With Housing?

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From rooftop decks to custom wood floors, these repurposed shipping containers are anything but boring.
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The The Counselors of Real Estate‘s annual list of industry threats lists rising mortgage rates and the general economy at the top, but it includes long-term issues for the first time, such as a weakening infrastructure and disruptive technology.
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Study: With inventory tight, an entire generation has been forced to consider fixer-uppers, and they’re more comfortable tackling remodeling projects.
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If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
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For the first time since the Great Recession, there are signs of a broad shift in America’s housing market.  Homeownership rates are inching up, while the number of new rental households has declined slightly.
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New Listings for Pinellas County Single Family and Townhomes/Condos UP 8.8%… 1,626 in May 2018 versus 1,494 in May 2017.
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Prefab HousesWhere Are All the Prefab Houses?
Architects, environmentalists and some forward-thinking builders embrace the construction method as the way every home should be built in the future. But modular homes are still a rarity. Why?
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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.