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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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Interesting Housing News From The Past Week

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Tampa Bay Housing DemandTampa Bay leads the state in home sales as prices jump 13.6%
The greatest demand continued to be for houses under $300,000, eagerly sought by first-time homebuyers.

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Millennial HomebuyersFreddie Mac: Pay no attention to the homeownership rate
People who worry about the homeownership rate’s 50-year low forget demographics. Millennials may be late to the party, but that doesn’t mean they aren’t coming.
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FICO ScoresDon’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750.
Potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.

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Real Estate News SpinReal estate news often confuses homeowners.
Reading or watching real estate news can make a homeowner’s head spin. In one day, they might hear that mortgage rates rose, sales fell and prices stagnated.

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Home Buyer DemandHome Buyer Demand Remains Strong in September
Sales, as usual, retreat from August but hold up against the same month last year.
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Retirees Want Walkable, Urban Communities...Retirees Want Walkable, Urban Communities…
Interesting look at the shift of retirees from isolated gated sub-divisions or large home on golf courses to walkable urban communities.

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http://www.TitleSecurityFL.com

 


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Housing News of Interest

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Warehouse Arts District LogoSt. Petersburg arts district improvements coming.
Close to 100 people at the Warehouse Arts District association’s annual membership meeting heard about streetscaping, lighting the Pinellas Trail and 30 new studios for artists.

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Neighborhood ScoresWhat’s Your Neighborhood Score For Aging in Place?
AARP offers a Livability Index to drive community focus on independent living… just type in your address.

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Innovation DistrictNew Multi-Family Development Proposed for St Petersburg’s Innovation District.
The BURG’s Innovation & Warehouse Arts District to deliver major developments in the coming years.
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Foreign BuyersHow Overseas Buyers Can Get a Mortgage for a U.S. Home.
Many foreign buyers who finance a U.S. home will need private loans, which typically have higher down payments and interest rates.
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Short Term RentalsThe Short-Term Rental Boom and its Effects on Property Values.
A “rentable” home can sell for more – if the community is open to guests. It may vary greatly from one neighborhood to another whether short-term rentals help or hurt a neighborhood or a particular development.
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http://www.TitleSecurityFL.com

 


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Recent Housing News

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FARAre millennials sold on using a real estate agent?   Most young adults still want a real estate agent to help them negotiate the buying process, but the percentage continues to drop.

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How To Decrease Your Home's ValueDo You Know the 5 Biggest Don’ts That Can Lower Your Home’s Value?
Many homeowners do things that they don’t even realize are bad for their home.
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5 Reasons Why 2015 is the Year to Buy a House5 Reasons Why 2015 is the Year to Buy a House…

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Millennial Home PreferencesMillennial Housing Preferences and Myths…
Why you should avoid making assumptions about this diverse group.  [Great Video]

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Happy 55+ AdultsThe 55+ Crowd is Happier Than Everyone Else…  Residents aged 55 and older have higher well-being in all 50 states than the state’s population as a whole.
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Jumbo Mortgage RatesMortgage Limits May Increase…
There’s a possibility that jumbo mortgages–loans higher than $417,000 in most areas of the country and $625,500 in high-price areas–may increase the baselines given the run-up in home prices for the first time in a decade.

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Weekend Housing News Recap

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Millennial Homebuyer WantsUrban Meets Suburban in Millennials’ Home Buying Preferences…  What do millennials want when they look for a home? Customization reigns in a new survey that shows a unique set of real estate priorities for millennial home buyers.

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Hire A Realtor5 Reasons You Should Use a Realtor When Selling Your Home.

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National Homeownership MonthJune is National Homeownership Month — See how owning a home benefits families and communities.

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Big Data and Residential DesignWhich House is Hotter? Algorithm and blues:  Can big data guide residential design and livability?

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Aging in PlaceThe Aging Game… Designing for Age In Place Needs as Well as Wants. Aging-in-place design dynamics for several families who have taken the plunge in retrofitting their long-time homes to suit their growing needs.

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http://www.TitleSecurity.com

 


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Housing News: A Week In Review

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Disappearance of the Middle ClassThe sociology, the politics, the economics, and the cultural facts and figures regarding the progressive disappearance of who and what Americans regarded as the middle class. 

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Drones and FAAAre you considering getting a ‪drone‬ for your company?  While the FAA still has a strict ban on drones for commercial use, exceptions have been in the last several months allowing drones for real estate and another decision on broader commercial use is coming soon.

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First Time HomebuyersDid you know that April is New Homes Month?
First-time home buyer, must be sure to get valuable advice about financing their first home.

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Aging In PlaceContrary to popular perception, older generations are just as interested as millennials in smart-home solutions, especially those that will help make aging-in-place a reality.

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ULI ForecastNew ULI Forecast for Real Estate, Economy Sees Three Years of Continued Strength, with Industry Set for Sustainable Growth in 2015 Through 2017.

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http://www.TitleSecurity.net