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What’s Up With Housing?

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A quarterly survey of 100 real estate economists found that 43% expect a buyer’s market to return in 2020, and 25% think it will happen before the end of 2019. However, 18% predict 2021, 6% pick 2022 and 9% think it will take longer.
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Statewide, home flips accounted for 5.7 percent of all home sales in the period, down 18 percent over the year and the 10th highest rate in the U.S.
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Don’t wait until disaster strikes to find out if your homeowners insurance policy has you covered. Discover the surprising truth about perils that are not included in a standard policy, and learn how to minimize your risk while saving money on premiums.
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Researchers and real estate experts say people are aware of potential risks in smart homes — and are willing to accept them.
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If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
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Few residents knew that garage doors present a major risk; that generators silently kill; or that cleanup costs can be prohibitive even with homeowners insurance.
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New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally.

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What’s Up With Housing?

Wishing all our friends a Joyous Mother’s Day weekend.

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More luxury buildings are luring buyers with amenities that lower stress and lead to inner peace, such as meditation courtyards, yoga studios and herb gardens.
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If you plan to buy a home this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
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The number of respondents who said now is a good time to buy a home in a Gallup poll ticked down, but remains well above 50%.
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They missed a step: Recession-wary young adults skipped the starter home and lived in their parents’ basements, where they saved money for a downpayment.
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What is driving the lift? Americans are optimistic about their prospects for selling, with 45 percent believing now is ideal to list—a high point.
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EDGE District, St. PetersburgEDGE District Designated Florida Main Street Program of the Month.
Since its designation in 2014, the EDGE District has received eight awards for outstanding programs, business and volunteers. EDGE is an acronym for “Entertainment, Dining, Galleries and shops, Etcetera.”
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Recent Housing News

National Homeownership MonthJune is National Homeownership Month.
Paying rent is not a good investment, but owning is a great way to start building family wealth… Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet…. Owning a home provides you with tax benefits while also providing you with more living space to move around in.

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ForeclosuresHow Much of the Homeownership Rate Decline from 2005-2015 is Due to Foreclosures?
Harvard Joint Center for Housing Studies does the math.

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Interest Rate HikesDo Fed Officials Talk Too Much About Plans for Interest Rate Moves?
Federal policy makers have been working hard to persuade Wall Street and the markets that the Fed may boost short-term interest rates in June or July.

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Home Loan RefinancingThinking About Refinancing Your Home Loan?
Mortgage lenders report a refinancing frenzy, and jumbo borrowers with higher balances are seeing their monthly payments decline the most.

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Home ClosingsBuyers Should Wait Until Home Closing is Signed Before Spending.
Until you close and the keys are in your hands, you are under the magnifying glass. So don’t make these ‘what were you thinking?’ mistakes.
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Buy NowWhy now is a great time to be a home buyer…
We’re building homes with more bedrooms, more bathrooms and more amenities for smaller households — and your mortgage rate is near a record low.
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http://www.TitleSecurityFL.com

 


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Housing News: A Week In Review

We hope everyone had a Spooky Good Halloween.  It’s hard to believe that the Christmas decorations are already livening up the stores.

Autumn Piggy BankBuying or Selling: Now May Be the Time…
http://bit.ly/1ixtags  This winter there are many reasons that both buyers and sellers should consider moving forward with their real estate goals instead of waiting until the spring.

 

Flood InsuranceHouse-Senate plan could delay flood insurance increases…  http://bit.ly/16sJrkk  Florida Sen. Nelson announced a bipartisan deal to delay Flood Insurance rate hikes. It’s a ray of hope for buyers and sellers, but passage isn’t a sure thing.

Architecture For The PeopleDo You Think Architecture Has Lost Touch With People?  http://bit.ly/17xNmPS
Are designers preoccupied with making artistic statements rather than spaces where people would actually want to be?

Trulia--Luxury Home AmenitiesWhich amenities can Luxury Homebuyers expect to find in today’s market?  http://bit.ly/1f8Eik1  What’s IN and What’s OUT?

 

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