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What’s New With Housing?

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The first month of summer is when HUD and others mark the importance of owning a home and the impact it has on the lives of American families and local neighborhoods – and how it benefits the nation’s economic health.
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Do America’s for-profit, market-rate leading players need to concern themselves with a growing housing attainability crisis? You bet!
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Developers of Bezu, a condo tower in downtown St. Petersburg, have cut the height from 300 to 180 feet to be more compatible with the historic Flori de Leon next door.
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Piece by piece along a factory line, workers erect walls, string electrical wires, fasten plumbing, hang drywall and paint stackable move-in-ready apartments.
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Did Tax Reform Kill the Luxury Market?  NOT SO FAR!
“We are seeing the opposite of what was expected. We have certainly not seen the doomsday predictions play out.”
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Nineteen local workforce boards are hosting a statewide, construction-industry focused job fair in cities and towns across Florida.
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Interesting Housing News

Happy Fathers Day

 

GentrificationWhich Came First, Gentrification or Rent Surges?
Renters who move further from the city’s core in search of affordability but stay within the city are driving up prices, i.e. gentrification.
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Banking Institutional DistrustFaulty Mortgage Practices Continue to Cause Institutional Distrust…
It’s not just foreclosures and lost property values, but also a lack of trust in institutions left after the housing crisis.
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Energy Efficient HomesConsumers in the market for a new home prioritize energy-efficient features over luxury items.
Home buyers say they would rather have Energy Star appliances than a pool or home theater.
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Housing EconomistsHousing economists: Expect a mixed picture over the coming year, with slower price growth.
It’s murky: Some signs point to a strong real estate boom, said experts at a recent convention of real estate editors. But other signs suggest potential problems.
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Rate Hike & Job MarketYellen: ‘We’ll Be Watching Job Market Carefully’ …Weaker-than-anticipated.
May job growth provided “an opening to withhold a rate hike this month and delay action.

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