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What’s Up With Housing This Week?

 

Millennials May End Up Competing with Baby Boomers in Housing Market.
These two groups make up different segments of the home buyer market but they are searching for similar things.
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Kitchen Remodeling TrendsThinking About Remodeling Your Kitchen?
Homeowners generally wanted new flooring, countertops, cabinets, sinks, and faucets when they had their kitchens remodeled, says a new report.

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Flood InsuranceShould Congress raise the cost of flood insurance? How much?
The National Flood Insurance Program expires Sept. 30 and is $25 billion in debt. NAR has made flood insurance renewal a top priority, and lawmakers are now considering some dramatic program changes to keep it solvent and operational.

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Low Mortgage Rates30-year mortgage rate falls below 4%.
Long-term U.S. mortgage rates fell this week to their lowest levels of the year: 3.95%.
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Housing’s Clean Bill of Health…
All things considered, the state of the housing industry right now is pretty good.

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Interesting Housing News

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Flood InsuranceAre you knee deep in ‪Flood Insurance‬ questions?
Please join us at this Tuesday’s Coffee Corner when Amy Metz from American Strategic Insurance presents the latest updates and answers all your questions.

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Negative EquityNegative Equity Highest Among Bottom-Tier Homes…
Owners of the least-expensive homes were roughly 3x more likely to be underwater on their mortgage than owners of the most-expensive homes.
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Credit ScoreMore Home Insurance Companies Look at Credit Scores.
Credit scores don’t just impact mortgage rates. More and more property insurers now quote cheaper property insurance rates to owners with high credit scores.
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Millennial HousingBoomers Are Moving In on Millennial Housing Stock.
As boomers retire and millennials start families, they’re buying the same houses for very different reasons. Boomers are in the process of downsizing and getting rid of junk, and millennials don’t have junk.

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Housing ForecastHousing Forecast: What To Expect In The Second Half Of 2016.
We’ve heard about how there’s been too much demand and not nearly enough supply to keep pace. The forecast focuses on such topics as the low inventory as well as new construction. And don’t forget Brexit.
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http://www.TitleSecurityFL.com

 


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Recent Housing News

Turnkey CondosSelling High-End Apartments, Fully Furnished… Developers are taking showcase apartments to the next logical step – offering turnkey homes, furniture packages and interior design consultations.

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Foreclosure Start Rate FallsDelinquency Rates Continue to Show Housing’s Healing.  More signs of recovery: delinquency as well as a foreclosure starts rate continue to fall.

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National Homeownership MonthWhat do today’s Baby Boomers want in a home?  NAHB released this information in “Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers,”
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Building for Millennial Homebuyers3 Things to Consider When Building for Millennial Homebuyers.  As millennials enter the home buying market, builders need to be aware of what this consumer segment finds attractive in a home.

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Linking Housing and TransportationLinking up Housing and Transportation…
When looking at indicators of success, having a home and access to transportation networks that provide both physical and economic mobility are critically important.

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Florida RealtorsHome flipping is back – and Florida is a national hot spot…  If flipping signals a market rebound, the recession is officially over. Tampa and Daytona Beach top the list for flips as a percentage of all single-family sales.

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http://www.TitleSecurityFL.com

 


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Housing News: A Week In Review

 

Baby Boomers Prefer Urban HousingBaby Boomers Prefer Urban, Affordable Seniors Housing…
http://bit.ly/1mz66Cz

 

Vacation HomesRealtors who work the resort and Second Home markets say success is about blending traditional business practices with innovative options to net clients more dollars.  http://bit.ly/1txdqzi

 

Improving Our CitiesInteresting… IBM crowdsourced digital videos from around the world showcasing how residents would improve their cities.

http://bit.ly/1otanu9

 

Home PricesWhat does your crystal ball say about future home prices?

http://bit.ly/1tK3Xqw

 

 

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