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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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Happy Thanksgiving

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Federal statistics show that Realtors are twice as likely as the general public to be victims of violent crime.
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Residential market is so strong that developers are changing plans for major projects to meet rising demand.
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Listing your house for sale in this low-competition environment could net you more money than your renovations otherwise would.
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The National Flood Insurance program expires again Nov. 30. According to NAR, about 1,300 home sales could be disrupted every day if so – 40K sales each month.
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Harvard report: Adults older than 50 own 50% of all U.S. homes, and many aren’t financially ready to retire with inadequate savings after the recent recession. Many may be forced to sell, especially if they carry a mortgage and unexpected bills come in.


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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 New With Housing?

July 4th

Outdoor ShowerWhat Buyers Want in Summer Features.
A pool, a fire pit, a BBQ, a dock? Yes, but the outdoor shower bests them all.  A new analysis from realtor.com® shows homes with amenities geared toward summer activities have major appeal for buyers.
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First-time buyers can take as much as $10K out of their retirement fund to buy a home – $20K if a couple is purchasing – provided they follow the rules.
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Robot BuildersWith Construction Workers Scarce, Builders Turn to Robots, Software.
A new generation of prefabricated housing that bears little resemblance to the modular homes of old is among several technologies homebuilders are embracing to cope with the worker shortage. They’re also starting to deploy bricklaying robots and software programs that allow them to avoid miscommunication and delays.
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Some companies that provide student housing say they have seen a shift away from over-the-top amenities that were popular with off-campus renters a few years back.
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It can be hard to keep up on all the popular trends, so Houzz has put together a list of the most popular bathroom trends, ranging from timeless classics to new styles.
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From personalized wellness programs to fitness-focused apps, luxury homes are focusing on making residents feel better.


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What’s Up With Housing?

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Disney isn’t renowned for pioneering in real estate development but this has actually been at the heart of its parks and resorts strategy for decades.
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April is Florida’s prime selling month, so if you’re putting your home on the market consider this: Cleaning and decluttering can improve the looks of a house but sometimes it takes more than that to really wow buyers.
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According to a new ASLA report, homeowners want to do yoga in their sustainably designed backyards or shared outdoor spaces—while their phones are charging nearby.
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A do-it-yourself home kit arrives on flatbed trucks and even includes nails, so landowners can save on construction costs if willing to invest sweat equity.
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While white and gray continue to dominate, homeowners are opting for more innovative appliances, technologies, and more.


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What’s Up With Housing?

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If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.
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Exterior maintenance matters. Here are four projects that will boost your home’s curb appeal while curbing the need for costly maintenance down the road.
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The tax reform bill also might be contributing to the growth in home plans. Eighteen percent of the respondents doing projects said they have increased their remodeling budget as a result of their taxes getting lowered.
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In the next few years it might become fast and easy to secure a mortgage as blockchain technology quickly ties all financial accounts into the home transaction.
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It’s anyone’s guess what the coming years will bring in terms of home layouts. For now, here are the five hottest home design trends impacting floor plans in 2018.
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Mortgage Rates FallMortgage Rates Fall For The First Time This Year…
The average rate on a 30-year FRM slipped to 4.44% from 4.46% last week due, in part, to a government report that inflation pressures may be easing.
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Multi-Family TrendsThese Trends Are Radically Disrupting Multifamily Housing.
Renters’ desire for personalization and less stress, integration of AI and IoT into apartment infrastructure, concentration of 35+ age groups will drive multifamily in next 12 years.
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What’s Up With Housing?

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Self-directed IRAs are the only retirement accounts that allow investors to pursue alternative investments. Among those alternatives, the most popular is real estate—a broad asset class that includes many different investment opportunities.
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“Tight credit, lack of inventory and high demand are the major factors that tell us there’s no housing bubble, despite rapid price increases.” ~ Redfin
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NFIP ExtendedNFIP extended for six weeks – to March 23
As part of the just-passed continuing resolution to keep the government open, the National Flood Insurance Program now won’t expire until March 23
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Scrimping and saving to come up with a down payment is no easy feat. But one generation is having the hardest time doing so to become homeowners.
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Home Design Trends to Watch in 2018…
Whether you’ve planned a simple refresh or a full-scale renovation, making smart and informed design choices will help you maximize your return on investment.
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The #CFPB says it will do everything necessary “to fulfill the Bureau’s statutory responsibilities but go no further.” Limiting CFPB’s future actions will “serve as a bulwark against the misuse of our unparalleled powers,” says Director Mulvaney.
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There continues to be a steady flow of capital, although the big banks have tightened their hold on construction loans.
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