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What’s Up With Housing?

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Some buyers want a newly built home, but today’s tight inventory of existing homes is pushing even more to consider construction. Building a home, however, comes with different challenges, such as greater difficulty finding a willing lender.
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Inventory of homes for sale is still well below the 6-month supply needed for a normal market and supply will ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.
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According to the recent JPMorgan Chase Business Leaders Outlook survey, which showed that about 91 percent of owners of the state’s small- and medium-sized businesses expect local economic conditions to be favorable in 2018.
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Rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.
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“Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.”
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Conference Board: Despite recent stock market volatility, consumers expressed greater optimism about short-term prospects for U.S. businesses and labor markets.
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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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“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?

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Could another condo tower be in downtown St. Petersburg’s future?
Two downtown St. Petersburg houses on 3rd St S could be the site of a possible high-rise.
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No. 1 Destination to Move to? Florida
Florida was the No. 1 destination to move to for 18 of the 50 states. Of all purchase mortgage requests during the study’s time period, 9.14% were for consumers looking to move to the Sunshine State

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Interest rates for 30-year mortgages rose to their highest levels since July 2017.
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Let’s be honest: If the house next door is a dump, it’s time to take measures to upgrade your sellers’ curb appeal and keep the attention on the strengths of the sellers’ property.
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It’s not good news for homeowners as MID gets watered down and the cap max drops by $500K. But it’s not too late if enough Realtors join NAR’s Call for Action.
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