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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 This Week?

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Student HousingStudent Housing Sales Outperform the Rest of the Market.
Commercial real estate investors are increasingly keeping their wallets in their pockets, waiting to see where interest rates will go, for prices to come down and for more properties to come on the market. That’s happening in almost every sector, except for student housing.

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30 Ways to Upgrade Your Home Without Blowing Your Budget.
Everyone wants to turn their house into their dream home, but that’s often easier said than done.

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National Association of Home Builders logoBuilder Confidence Rises in May
NAHB index at second-highest level since the mortgage crisis. “This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger MacDonald.

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New Home ConstructionThe #1 Answer to the Housing Shortage: New Construction.
There is a drastic need for a larger supply of home inventory to meet the skyrocketing demand. Builders are now doing their part to help rectify this situation.
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First Time BuyersHousing Readies for First-Time Buyer Shift…
In the first quarter of 2017, the number of new-owner households was double the number of new-renter households.
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What’s Up With Housing?

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CFPBChanges loom for U.S. Consumer Watchdog Bureau.
The CFPB, which oversees RESPA, will likely change from semi-independent director oversight to a bipartisan board; and Congress could start setting CFPB’s budget.
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Student HousingDevelopment is Not Keeping Up with the Demand for Student Housing.
Shortage of good sites to build on and difficulty of finding construction financing hindering developers.
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High-Rise Condo SafetyNew High-Rises Could Power Tenants’ Homes for a Week in an Emergency…
Twin NYC apartment towers show how builders are guarding against extreme weather.
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Small Houses AppreciatingSmaller Homes are Experiencing The Fastest Price Appreciation.
NerdWallet attributes this growth to a high demand for starter homes and homes in cities.
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Modular Home AdvantagesCan Modular Construction Solve Labor, Lots, and Lending Issues?
Along with time savings, some modular builders would even say that there is the capability to build better quality homes because the construction process is isolated in a factory-controlled environment.
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Cyber FraudSave This Date:  Our Next Coffee Corner, 2-21-17, 9:30am to 10:30am
“What is Cyber-Fraud? Learn How to Protect Yourself and Your Client in Today’s World”

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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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Housing News of Interest

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First Time HomebuyerFirst-time buyers are slowly re-emerging.
In Aug. 2015, 35% of homebuyers identified as first-time buyers; one year later, that has increased to 51%. But many still face financial challenges.

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Interest RatesHow Long Do You Think Interest Rates Will Remain at Historic Lows?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be.
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Student HousingStudent Housing Gets an Upgrade.
As college enrollments rise, residential developers are adding more and fancier amenities to student housing, from en suite baths to in-unit washers and dryers.
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Most Walkable NeighborhoodsDowntown St Petersburg Named 3rd Most Walkable Neighborhood in Florida.
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Love of DronesThe Construction Industry Is in Love with Drones.
For builders, drones provide a wide variety of returns on investment. Drones are cheaper to fly than piloted aircraft, conduct surveys more quickly, and collect more data more frequently.
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http://www.TitleSecurityFL.com

 


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Recent Housing News

Millennial HomebuyersMillennials Value Homeownership More Than Older Generations. These Gen Y’s are expected to make a huge impact on the U.S. housing market.

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Urban FarmsCould Urban Farms Be the Preschools of the Future?   A group of architects proposed a new design to help raise environmentally responsible kids.

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Why Homebuilders Aren’t Catering to Millennial BuyersWhy Homebuilders Aren’t Catering to Millennial Buyers…   Experts point to a number of factors, including high levels of student debt, changing family dynamics and a regulatory and economic environment that discourages builders from constructing the smaller-scale, affordable housing that first-time home buying millennials prefer.

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Home Buying BenefitsStudy Again Finds Homeownership to be a Better Way of Producing Wealth…. Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so consider locking in your housing cost with a mortgage payment now.

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Homebuying TrendsMillennials in the Burbs? You Won’t Believe the Latest Home-Buying Trends.  What’s a millennial pushing 30 to do? Apparently, leave the fun, the fantasy, the pace, and the possibilities of big-city living far behind and buy a home … out in the burbs.

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Off Campus HousingOff-Campus College Dorms Now Resemble Spring-Break Hotels  Investors have poured billions into off-campus housing, building luxury complexes that resemble resorts.
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Housing News: A Week In Review

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Mortgage Application FalsitiesAnybody Home?  The ‘White Lies’ of Occupancy on Mortgage Applications Are Costly to Lenders.

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Student Housing2016 Looks Bright for Student Housing, and Next Year May Be Even Better.

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The Changing Urban LandscapeUrban Landscapes: The changing ways people live are impacting their surroundings.

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Weird Homes Around The WorldThey Built What? Weird Homes Around the World… Check out this gallery of weird, wacky, fascinating homes from around the world, including homes shaped like cars, jets, crocodiles … and even one magnificent structure built in the shape of a toilet bowl.

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Positive US Housing MarketThe US Housing Market has been one of the brightest spots of the economic recovery.

 

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