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What’s Up With Housing?

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These 16 sky-high urban green spaces and edible gardens will grow on you.
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The short answer: Federal flood insurance is a mess and expensive to fix. Government-subsidized NFIP celebrates its 50th anniversary this year, but it hasn’t aged well. It’s deeply in debt and critics say below-market premiums encourage risky construction.
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Borrowers may have a little bit of breathing room if the Federal Reserve delays future interest rate increases that directly impact ARMs and, indirectly, FRMs.
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Gulf Coast commercial real estate markets are poised to continue to generate high growth again in 2019, mirroring — or even eclipsing — the region’s robust stalwart performance of the past year. 
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With more millennials eyeing homeownership, builders are appealing to the city-dweller demographic by designing luxury townhomes.
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Drawing upon the expertise of the industry’s 1 million landscape, lawn care, irrigation and tree care professionals, NALP annually predicts trends that will influence the design and maintenance of backyards across America in the year ahead.
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Falling mortgage rates energized builder confidence in the market for newly-built single-family homes. 
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What’s Up With Housing?

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Quartz countertops, induction cooking, and single-level islands are among the design trends that have the potential.
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If the expectations about housing in 2019 can be summed up in one word, it’s this: balanced. After months and months on a runaway track, home prices have started to temper, and will continue to moderate in the upcoming year.
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The administration wants to eliminate professional appraisals on home sale transactions less than $400K.  Critics say the change could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.
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Privacy, flexibility and accessibility need to be at the top of the list when planning a household for aging parents or adult children.
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The recklessness that accompanied the build-up in equity prior to the last crash does not exist today. That makes this housing market much more secure than the one we had heading into 2008.
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Naturally, after years of transforming beach homes into their best selves, Marnie Oursler has learned a lot about what works and what doesn’t—and what the next big thing in coastal design really is.
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Though ONE St. Petersburg is not yet finished, some buyers hope to flip their units for hefty profits as Tampa Bay’s luxury condo boom continues unabated.


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What’s Up With Housing?

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The members of Generation Z who have bought homes are the exceptions, but their spending power is growing.
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A correlation is seen between strict land use laws and the rise of home values. Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations.
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According to Time Magazine, the number of female billionaires grew faster globally in 2017 than the number of male billionaires. This redistribution of wealth has seen an impact on luxury real estate both in its purchase and design attributes.
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Styles and tastes evolve constantly. So, to help keep you up to date, here are six trends to consider incorporating when your clients say they want a fresh look.
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Austin, Texas, is a shining example of how sustainability can contribute to the development and growth of a city.


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What’s New With Housing?

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Zelman & Associates forecasts strong single-family growth for the next 30 months or more. Even in a scenario that includes a broader economic downturn within that time period, housing activity would continue to show resilience, with little risk of a severe impact.
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The ACE appraisal waiver will save eligible condo borrowers about $500 in fees and allow them to close 7-10 days faster, Freddie Mac says.
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Closings: 6 Things Buyers Must Do Before They Move In.
Contingencies, clear titles, disclosures, mortgage approvals, walk-throughs and tons of paperwork? It’s a bit of journey moving from contract to closing.
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When it comes to decorating your home, the bathroom should never be overlooked – it’s important that it performs its functional duties whilst maintaining a feeling of comfort.
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As developers today, we’re adopting more aspects of placemaking—a collaborative effort to strengthen the connection between people and the places they share, to help transform spaces into places that serve as an extension of the neighborhood.


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What’s Up With Housing?

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If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
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Home builders report that customers are more cautious than before the crash and prefer smaller, value-packed homes.
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After two months of decline, consumer sentiment among Floridians increased six-tenths of a point in April to 98.1 from a revised figure of 97.5 in March. Among the five components that make up the index, three increased and two decreased.
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Research shows that millennials value organic, unplanned, authentic, and experience-based housing amenities the most. These amenities are generally not expensive.
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“In today’s competitive housing market, understanding what homes may command a premium or attract multiple offers can be hugely beneficial to buyers.”
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A low home appraisal can ruin the sale of a home. You can protect yourself from low appraisals. Here are some suggestions for buyers and sellers.


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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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“Invisible Sustainability,” the blending of sustainable design principles with an aesthetic that is rigorously minimal.
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The share of self-employed construction workers remains high, even as housing recovers.
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Flood insurance got more expensive this month, and it may become even pricier depending on how Congress handles the July 31 deadline to address the National Flood Insurance Program.
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It’s important to vet your subcontractors well, as you may end up paying for their potential default or mistakes.  These best practices can help ensure you have the right pros working for you.
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Homeless VetsFlorida Receiving $567,928 to Help Homeless Vets.
HUD and the VA will provide housing vouchers to help 5,211 U.S. veterans nationwide find a home. In Florida, 13 agencies across the state will split the funding.
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Suburban municipalities can help pave the way for new development by making zoning adjustments that ensure density.
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