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What’s Up With Housing?

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Happy Thanksgiving

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Federal statistics show that Realtors are twice as likely as the general public to be victims of violent crime.
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Residential market is so strong that developers are changing plans for major projects to meet rising demand.
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Listing your house for sale in this low-competition environment could net you more money than your renovations otherwise would.
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The National Flood Insurance program expires again Nov. 30. According to NAR, about 1,300 home sales could be disrupted every day if so – 40K sales each month.
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Harvard report: Adults older than 50 own 50% of all U.S. homes, and many aren’t financially ready to retire with inadequate savings after the recent recession. Many may be forced to sell, especially if they carry a mortgage and unexpected bills come in.
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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.


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Housing News: A Week In Review

Realtors… Please Save This Date: December 12, 2017 – 9:00am to 10:am
Title Security’s Coffee Corner will help you learn how to better navigate the sections of the FR/BAR contract that impact your closings.

The Senate is working on its own legislation so the final outcome remains undetermined.
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Are “smart homes” selling better than their unconnected rivals? Savvy sellers can add smart lighting, doorbell, lock, thermostat and security for about $2,100.
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In his new book, ‘Artemis,’ Andy Weir geeks out on how homes and cities could one day be built on the lunar surface.
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“Rising homeownership rates and limited housing inventory” are two factors driving demand for housing says Robert Dietz with the National Association of Home Builders.
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The 53-acre Water Street Tampa will include two sister residential towers connected by a large commercial space.


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What’s Up With Housing?

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“Convenience is one of the most attractive qualities to Millennials and something real estate developers should keep in mind…”
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NAR says the just-announced tax proposal is “nowhere near as good a deal as the one middle-class homeowners get under current law.” NAHB says it “abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations.”
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Would you live in a shipping container? Check out these inventive recycled container designs.
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Pet owners face unique challenges when buying and selling a home. Not all neighborhoods, houses or condos will love their dog as much as they do.
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If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.
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NAR: Before its Dec. 8 expiration date, NFIP will likely be OK’d for another extension to give Congress time to finalize a longer-term revamp of the program.
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What’s Up With Housing?

Independence Day

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Will new laws protect condo owners from apartment conversions and rogue associations?
A bill passed by the Florida Legislature would affect places like The Slade in Tampa’s Channelside district, where condominium owners have battled a plan to convert homes into apartments.
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Back With Your Folks… In your 20s and living with mom and dad? In Florida, you’re not alone.
The Tampa Bay region is ranked 15th nationally for millennials who move in with their parents. Is the economy to blame, or something else?
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CFPBHousing Groups Want Change to CFPB Structure
The groups want the CFPB to be led by a bipartisan commission instead of a single director.

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How Long Does It Take to Get a Mortgage? Longer Than You Might Think…
We’re used to having everything done quickly and easily, but getting a mortgage can take time. So how long does it take to get a mortgage?
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7 New Florida Laws go Into Effect Today.
Seven real estate laws drafted by the 2017 Florida Legislature and signed by Gov. Rick Scott go into effect today (July 1), including a Florida Realtors priority: estoppel fee caps.
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http://www.TitleSecurityFL.com


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What’s Up With Housing?

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Check Your CreditThinking of buying a home? Step #1… check your credit.
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home.
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 Buyers are Stressed: 6 Reasons Why…
A TD Bank survey finds that confusion over necessary paperwork confuses 1 in 3 buyers; unexpected costs confuse almost 1 in 4; and financing worries affect 1 in 5.

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Home AppraisalHow to Prepare Your Home for an Appraisal.
What you need to know about the process, from a veteran certified appraiser.
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House FlippingHouse Flipping Increases for the First Time in 3 Years.
The rapid rise of home prices is believed to have played a major role in this increase.

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Trending Home Improvement Projects For 2017Trending Home Improvement Projects For 2017’s Housing Market
Smart-home technology and built-in bars are among the hottest home improvements for home sellers in 2017.
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http://www.TitleSecurityFL.com


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Recent Housing News

Fourth of July

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4 Reasons To Buy Now4 Reasons to Buy NOW!
Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market!

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Millennial HomebuyersWho are the Home Buying Millennials?
HousingWire’s Brena Swanson looks at the results of a recent mortgage study that breaks down the composition of today’s millennial home buyer, and a few surprises emerged: For instance, a quarter of them own more than one property, and only about 36% have college degrees.

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Skypoint Tower Downtown Tampa$2.7 million for the four retail condominiums on the ground floor of the ‪Skypoint Tower‬ is the highest price per foot seen in downtown Tampa for retail space.

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Urban Forest NeighborhoodsIn These Urban Forest Neighborhoods, The Houses Are Disguised As Trees…
The Lord Of The Rings Elf city of the future.

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http://www.TitleSecurity.net