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What’s Up With Housing?

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Rural RedevelopmentHow to Rebuild Rural Communities…
Affordable housing and neighborhood revitalization aren’t just urban issues.
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Fewer Tampa Bay Homeowners are in Foreclosure and Late on Mortgages.
As more bay area borrowers regain equity in the their homes, foreclosures and mortgage delinquencies in the four-county area have dropped to their lowest level in a decade.

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Biggest Issues in Real EstateTop 10 Issues Facing the Real Estate Industry in 2017
Purchasing a home, securing a mortgage and even signing a lease are all activities that require some thought about the future.
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Next Buyers’ Market? Two or Three Years?
As price growth slows, more sellers should sell, and one economist predicts the market will “meaningfully swing in favor of buyers” in the next two to three years.
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How the Fed’s Rate Hike Will Affect Refinancing.
If every homeowner with a mortgage who could refinance did today, their potential savings would average $260 a month.
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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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Mortgage RejectionWhen it comes to mortgage rejections, Florida is No. 1
Almost 1 in 5 mortgage applications (17.1%) gets turned down in Fla., according a NerdWallet’s “Homebuyer Reality Report” that studied buyer experiences.

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Florida LegislatureFlorida Legislature 2017: Where do Realtors’ priorities stand?
The annual legislative race began this week, and Realtors will be impacted by a range of bills that will be discussed, debated and voted on over the next 60 days.

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Healthy BuildingsAn Interesting Look at the Future of Healthy Buildings.
The WELL Building Standard is the first building standard that focuses exclusively on the health and well-being of the people inside buildings, impacting the way occupants sleep, eat, and feel.

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Interior Design TrendsWhat Homeowners Want…
From statement kitchens to bold finishing touches, here are 8 trends today’s homeowners are looking for.
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Short SalesThousands of Tampa Bay residents gain equity in homes.
Will this prompt more people to put their properties up for sale, relieving the tight inventory that has been driving up bay area prices?

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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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Tampa Bay Home PricesTampa Bay home prices shoot up 11%, kicking off another strong year.
Prices for single-family homes in the Tampa Bay area jumped 11.4% in January from a year ago, far higher than the statewide average and the highest of any major Florida metro area.
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CFPBDallas Lawmaker Accuses Democrats of Pushing ‘Tyranny’ in Fight Over CFPB.
Rep. Jeb Hensarling would like to see major changes at the CFPB.
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Micro-MansionsWhat do you do when you’ve maxed out mega?
You go micro—as in micro mansion. The idea is to create a home that’s small on space and low on maintenance but big on luxury.
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Drones and Construction SafetyA New Use for Drones: On-Site Safety.
A Florida construction firm is utilizing the technology to resolve issues before workers set foot in the field.
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Florida Association of RealtorsMortgage rates edge up – but not much
Rates rose negligibly from last week’s 4.15% to 4.16% this week, and half the experts polled this week predict relative stability over the short term.

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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