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What’s Up With Housing?

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Plenty of people love a good Halloween scare — as long no one gets hurt. And that includes your house.
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Not all mortgages are created equal. A LendingTree study looked at lending competition and found Florida buyers can save serious money by comparison shopping.
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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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Hurricane Irma impacted Florida’s Sept. 2017 housing market and economy. With that in mind, 2018 Florida Realtors data finds existing single-family sales up 17% year-to-year, median prices up 4.9%, condo sales up 14.6% and condo median prices up 5.5%.
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Florida led the nation in construction job growth over the past year, according to a new report. Contractors added 70,700 workers to their Florida payrolls, a 14.8 percent growth rate, in the 12 months ending in September.
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A trend in Central Florida’s two major multifamily growth markets may be indicative of a national shift from downtown to suburban markets.
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Due to Hurricane Irma last September, the Pinellas County housing market saw a few large swings in sales & listings year-over-year.
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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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What’s Up With Housing?

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Aging In PlaceTips For Building a Home for Aging Owners.
There are many things that can be done to make a home suitable for aging in place. Start with the basics or take on something more complex.

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Tampa Bay Residential BuildingsSouth Florida Apartment/Condo Developers Flock to Tampa Bay.
Drive around Tampa and St. Petersburg and it’s obvious that the bay area’s two biggest cities are in the midst of an apartment and condo building boom.

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Student HousingWhat to Expect from Student Housing Sector in 2017.
The student housing sector is in the sixth inning and there is still a lot of opportunity out there.

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Seniors Housing MarketConsider This Before Jumping into the Seniors Housing Market.
To succeed in the market, it is critically important to consider aspects that set seniors housing developments apart from general commercial real estate projects.
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Mortgage Insurance PremiumsFHA Lowers Borrowers’ Mortgage Insurance Premiums.
The low-downpayment mortgage should be more appealing to first-time buyers after FHA breathed “new life into the program” by reducing costs.

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One - Downtown St PetersburgFlorida construction companies anticipate more work in 2017.
About 80% of construction firms plan to hire workers this year, with nearly a third intending to increase their headcount by more than 25 workers.

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http://www.TitleSecurityFL.com


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Housing News: A Week In Review

Housing Trends for Baby BoomersHousing Trends for Baby Boomers  …New Features Keep Pace with this Active Generation.

 

 

Construction JobsConstruction jobs in Florida should grow faster than other fields through 2017, according to a new forecast.

 

Boomers Upsizing?Many baby boomers will move into a bigger home for retirement.  Instead of downsizing, some boomers plan on buying larger, nicer, more expensive homes for retirement.

 

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