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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


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What’s Up With Housing?

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Aging In PlaceTips For Building a Home for Aging Owners.
There are many things that can be done to make a home suitable for aging in place. Start with the basics or take on something more complex.

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Tampa Bay Residential BuildingsSouth Florida Apartment/Condo Developers Flock to Tampa Bay.
Drive around Tampa and St. Petersburg and it’s obvious that the bay area’s two biggest cities are in the midst of an apartment and condo building boom.

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Student HousingWhat to Expect from Student Housing Sector in 2017.
The student housing sector is in the sixth inning and there is still a lot of opportunity out there.

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Seniors Housing MarketConsider This Before Jumping into the Seniors Housing Market.
To succeed in the market, it is critically important to consider aspects that set seniors housing developments apart from general commercial real estate projects.
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Mortgage Insurance PremiumsFHA Lowers Borrowers’ Mortgage Insurance Premiums.
The low-downpayment mortgage should be more appealing to first-time buyers after FHA breathed “new life into the program” by reducing costs.

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One - Downtown St PetersburgFlorida construction companies anticipate more work in 2017.
About 80% of construction firms plan to hire workers this year, with nearly a third intending to increase their headcount by more than 25 workers.

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http://www.TitleSecurityFL.com


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What’s Up In Housing

Merry Christmas

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Tampa Bay Home Prices Continue to SurgeHome sales surge again in Tampa Bay as prices continue to climb
Tampa Bay home sales showed huge year over year gains in November while prices in Pinellas, Pasco and Hernando counties also jumped dramatically.

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10 Benefits of HomeownershipThinking of Buying a Home? Here Are the Top 10 Benefits of Ownership…
It’s a lot of work to buy a home, but millions of Americans do it. Why? The positives outweigh the negatives for most people who plan to stay five years or more.

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Labor ShortageMore home buyers, fewer construction workers trends look to continue in 2017.
An increase in demand for both new construction and existing houses will most likely be impacted by the continued shortage of construction labor.
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Positive Housing ResultsFlorida Home Sales Rise 12.8% from Last November.
Median price of single-family home rises 10% to $220,000.
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Condo Trends3 Up-and-Coming Condo Trends
Buyers want distinctive amenities without having to leave the property.
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http://www.TitleSecurityFL.com