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What’s Up With Housing?

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Affordability and inventory is bleak, but rising interest rates and home prices signal a strong economy.
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The Pinellas real estate market is continuing to see a trend of higher sale prices and a shrinking inventory for both the Single Family and Townhome/Condo segments. The Median Sale Price for Townhomes/Condos was up 14.4% in March 2017. The Median Sale Price for Single Family Homes was up by 8.7% from last year.
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If consumer spending is the grease that moves an economy, the U.S. should keep growing for at least the next six months – the number of survey respondents who expect a loss of income over that timeframe hit an 18-year low.
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More wealthy people seem interested in a Fla. home – and the state’s lack of an income tax – now that the IRS caps local and state tax deductibility at $10,000.
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Public art can spark revitalization in struggling neighborhoods and turn vacant land into a place where people want to live, work and play.
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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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Title Security Begins Closings at JMC Communities’ New Belleview Place Condominium Project

Belleview Place Carriage Homes

St. Petersburg, Fla. – (April 18, 2018) – Title Security has closed the first building of Carriage Homes at JMC Communities’ Belleview Place in Belleair, Florida. Title Security has had a long and successful relationship with JMC, having closed approximately 2,550 condominium homes for them throughout the Tampa Bay area. Most recently, Title Security handled all closings for JMC’s Ovation, Rowland Place and Victoria Place along with Clearwater Beach’s Sandpearl Residences and Suites.

Since 1983, Title Security has been providing comprehensive title and escrow services throughout the Tampa Bay area. “The Title Security team has continued to provide our homebuyers with a friendly and accurate closing experience, and we are very grateful to be working with such a professional group,” stated Mike Cheezem, Owner/CEO, JMC Communities. Belleview Place will begin closings on their first phase of condominiums in June.

Title Security Chairman, Harvey Ford said, “The JMC organization has always stood for integrity and quality… we are very grateful to be associated once again with one of their fine communities.” Ford continues, “Belleview Place will meet Belleair’s growing desire for a well conceived, value conscious residences with a thoughtful nod to the town’s important history.”

About Title Security

Title Security is a full service title insurance company, enthusiastically handling each aspect of the closing process. From securing a clear title, to fulfilling lenders’ many closing requirements, to facilitating the document preparation and settlement statement, Title Security creates smooth, hassle-free closings for all parties involved. For additional information, visit www.TitleSecurityFL.com.

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What’s Up With Housing?

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Spring Forward! 7 Ways to Make the Most of This Weekend.
Wild birds, Pi Day or an extra hour of daylight in the evening — which of these pre-spring pleasures tops your list?
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Many home sellers worry that they could be selling their home too soon, losing out on thousands of dollars. Here’s a reality check to help you cope.
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Project Destined teaches kids how to value and finance local apartment buildings, and then given the opportunity to share in real profits from those properties.
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Nine Florida metropolitan areas, including the Tampa-St. Petersburg-Clearwater metro, ranked in the top 20 metros nationwide for consumer reports about fraud in 2017.
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“We are concerned with the recent increase of loans that have debt-to-income ratios exceeding 45%.”
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It’s getting harder to find areas with a healthy balance of affordable home prices, low competition and strong growth prospects.


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What’s Up With Housing?

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A new NAHB survey confirms that consumers are definitely intrigued by smaller homes, 600 square feet or less. 53% said they would likely consider buying one.
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Disabuse buyers and sellers of these common misunderstandings about what constitutes a true smart home and what different technology features are actually worth.
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The median price of a house in Pinellas shot up 14% to $245,000. That was the biggest year-over- year increase since May. But the number of closed sales plunged by 12.8%.
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The cure may be in an architectural concept that sounds new but is as old as the hills. Take a dose of biophilia and read how your home’s design can help you live a healthier, less stressful life.
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A stronger economy at the beginning of the year increased the chances of more rate hikes, according to minutes of the Fed’s January 30-31 meeting released Wednesday.


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What’s Up With Housing?

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Commercial real estate should continue to surge. But many are growing cautious, given some lurking ‘disruptors.’
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Top tips (and mistakes to avoid) for exteriors, kitchens, and even ceilings—whether you’re getting ready to sell or just freshening up.
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7 Reasons Trump’s Tax Plan Is Good For Real Estate Investors.
With the proper planning, real estate investors can receive amazing tax benefits from the Tax Cuts and Jobs Act.
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A digitized, decentralized, public ledger of all cryptocurrency transactions, Blockchain is an emerging technology which could transform the way we buy, sell and lease real estate.
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These residential buildings cater to busy professionals by making it easy to work from home.
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If you’re looking for some insight into the coming kitchen trends for 2018 and beyond, or if you’re just looking for some fresh ideas to give your kitchen style an update, here are some clues.


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What’s Up With Housing?

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Public Housing MuseumA Former Chicago Project Will Become A Museum Dedicated To Public Housing.
The space will tell the stories of three families who once lived in the building, and host events to engage visitors in much-needed discussions around affordable housing and equitable communities.
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A connected future holds possibilities of more efficient ways of interacting with the technology in our homes, workplaces, and even our urban environments.
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Once again, buyers of Tampa Bay’s priciest home wanted to be on the water — a third of the top 25 sales were of homes with addresses on Gulf Boulevard in Pinellas County. Rivaling Tampa’s Davis Island for the most sales (four) was the exclusive Pinellas community of Belleair Shore.
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The Indianapolis company plans to build a $50 million six-story project with 251 multi-family units and over 12,000 square-feet of retail space.
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How do you store solar energy so it can be used when the sun doesn’t shine?  Some cities are revamping electrical grids and adding batteries.
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Spending on home remodeling is projected to rise 7.5% this year to almost $340 billion. Homeowners see an average return of 56% of the cost of the remodel when they sell the house.