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What’s Up With Housing?

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Check out the slideshow for which ZIP codes saw the most homes sell, as well as the average and sale prices for each ZIP code.
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The short answer: No, according to a JPMorgan study. Sharp housing price corrections are rare, they say, even after a large run-up in home prices.
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Tesla Installs First Solar Roofs
The roofs were first announced last October, with online orders beginning in May. The carmaker’s new solar roof tiles are made to resemble regular roofing.
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Homeownership Rate Rebounds from 50-Year Low
Good news for Real Estate… The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing.
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Florida Consumer Confidence Rises 1.5 Points in July
Consumer sentiment among Floridians hit its second-highest level since 2002. Of the five components that make up the index, three increased and two decreased.

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http://www.TitleSecurityFL.com

 


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What’s Up With Housing?

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Icon ResidentialIcon Residential to Open Two New St. Pete Infill Communities.
Floorplans range from 1,400 to 2,600 square feet and start in the $300Ks.
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Can This Crowdfunding Platform Help Build The Kind Of Houses Millennials Want To Buy?
And even if it can–is that the fix urban housing really needs?

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As home prices continue to rise, what will $215,000 get you across Tampa Bay?
Continuing a remarkable run with no end in sight, prices for single family homes in the Tampa Bay area jumped again in May compared to the same month a year ago.

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Active DesignDesigning for Health and Wellness: The Next Great Challenge
We have Sustainable Design to conserve our resources and Resilient Design to protect us from the changing environment. Now Active Design is coming to make us healthier.
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Builders Eye Converting Strip Malls Into Homes
With more home buyers looking for an urban lifestyle, some builders are targeting aging office buildings or defunct car dealerships for development.

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Pinellas County Real Estate Statistics for May 2017
Pinellas County’s closed sales, new pending sales, and new listings all increased from May 2016.

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http://www.TitleSecurityFL.com


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What’s Up With Housing?

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First Time BuyersDo you live in one of the hottest-selling neighborhoods in Tampa Bay? Check your ZIP
See which parts of the sprawling Tampa Bay region have fared best in the current real estate boom.

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John CatsimatidisGet to know the billionaire in the Big (Red) Apple behind St. Pete’s next great skyscraper.
Billionaire John Catsimatidis has a favorite word: Opportunity.
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CFPBHouse Passes Bill Gutting Dodd-Frank Law
The Financial CHOICE Act passed along party lines Thursday.
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Lower Mortgage RatesAverage U.S. 30-year mortgage rate falls to 3.89%.
Freddie Mac: The 30-year FRM fell for the fourth week in a row, the lowest level in nearly seven months; a year ago, it was 3.60%. The 15-year FRM eased to 3.16%.

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How Developers Are Adapting to Residents’ New Live-Work-Play Lifestyles.
As the lines between home and work fade with opportunities of remote work and entrepreneurial ventures, residents want a community where they can do it all.
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http://www.TitleSecurityFL.com

 


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What’s Up With Housing This Week?

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34th Street CorridorDevelopers Say St Pete’s 34th Street Corridor is Brimming with Economic Potential.
In the past, this thoroughfare has long been known as a busy yet unappealing stretch of commercial roadway.

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Rising Home Prices2 Out of 3 Buyers Believe Home Prices Will Rise
A Gallup poll finds that 61% of U.S. adults expect home prices to continue rising over the next six months – a new high for the annual survey.
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Housing Bubble? No!3 Reasons the Housing Market is NOT in a Bubble…
Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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Tesla's Solar Roof TilesTesla’s Solar Roof Tile Systems Hit the Market
The company is taking $1,000 deposits on the virtually “invisible” systems, which it will begin installing next month.The company offers an “infinity” warranty on its tiles that integrate solar power into roof coverings. Tesla has published a web tool that can estimate costs and savings.

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First-Time HomebuyersTampa Bay is Nation’s Second Best Metro for First-Time Homebuyers.
For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers.
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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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How to Read and Understand a Title Commitment.
Please join Title Security at 9:30am, April 25, 2017 at our Coffee Corner… Discover how the title commitment relates to the closing and the contract. You’ll walk away understanding how to read all components of a commitment, as well as how to deal with title defects and other requirements that need to be cleared before closing.

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Millennial HomebuyersWhy Rising Interest Rates Won’t Slow Housing Demand.
Title agents answering First American’s real estate sentiment index survey say an increasing desire for homeownership by Millennials and continued affordability will sustain demand.
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Commercial ConstructionFlorida commercial real estate development is booming.
Florida is among the top states in the nation for commercial real estate industry spending impact and the number of jobs the industry sustains.
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Tampa Bay home values rise at second-highest rate among country’s top 35 metro areas.
Bay area home values jumped 11.4 percent from March last year to $183,300.

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PRO LogoMarch 2017 Pinellas County Real Estate Stats Report
Stand Out Stat: Median Sale Price for Single Family was up year-over-year… $230,000 in March 2017 vs. $200,000 in March 2016.

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http://www.TitleSecurityFL.com

 


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What’s Up With Housing This Week?

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Skinny HomesSt. Petersburg’s middle-class housing dilemma may have an answer: Skinny Homes
It’s a new name for an old concept found in many other cities like Chicago, Charleston, New Orleans and Nashville. Think of a two-story gussied-up shotgun house.

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Suburbia's FutureThe American Dream of suburbia is evolving — here’s what it’ll be like to live in the suburb of the future.
Since the 50s, the American Dream of suburbia included a huge home, white picket fence, and shiny car. How will that dream change over the next decade?

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Mortgage RatesEven with Mortgage Rates Inching up, Now is Still the Time to Buy.
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

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National Association of Home BuildersBuilder Confidence Hits 12-Year High…
“Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.”

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MortgagesWhy are there so few mortgages in Tampa Bay these days?
Along with the dramatic drop in Tampa Bay foreclosure filings has been this equally striking if less-noticed trend — a huge decline in new mortgages.

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Spring Buying SeasonWhat Can Buyers Expect in the Spring Housing Market?
Higher mortgage rates and low inventory among the things the potential buyers can expect to see.
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http://www.TitleSecurityFL.com


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What’s Up With Housing?

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Cyber FraudDon’t Miss Tuesday’s Coffee Corner at 9:30am.
“What is Cyber-Fraud? Learn How to Protect Yourself and Your Client in Today’s World”

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Closing CostsHave You Ever Asked Yourself, How Much Are Closing Costs?
Learn about the fees you’ll pay when you close on the purchase of a home.

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U.S. Capitol BuildingRealtors are urged to stay engaged over the next year while Congress considers a full-scale reform to the United States tax code.
Mortgage Interest Deduction… 1031 Exchange… Fannie & Freddie… Flood Insurance
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Rising Home PricesThe Great News About Rising Prices for Homeowners
Recently there has been a lot of talk about home prices and if they are accelerating too quickly.
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Downtown St PetersburgSt. Petersburg/Tampa/Clearwater is 8th Fastest Metro in the U.S.
Florida dominate Forbes’ annual list of places on the economic upswing.
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Home Buying Etiquette7 Unwritten Etiquette Rules Every Home Buyer Should Know.
Here are some unwritten rules of etiquette that home buyers should follow in order to get the home they want without rubbing anyone the wrong way.
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Interest Rate HikeA March Rate Hike Now Looks More Likely.
If this trend continues, the Fed may be faced with a hard decision on interest rates when it meets in March.
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http://www.TitleSecurityFL.com