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What’s Up With Housing?

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Museums, apartments, condos, a new police station and a dozen other projects mark one of the biggest downtown building booms in St. Petersburg’s 130-year history.
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“Peak Millennial” doesn’t mean what it used to, because Millennials are getting older. And even still, they’re sticking around cities more than older generations.
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Why developers are embracing this growing segment of the luxury condo market. Toll Brothers has made a practice of stretching its brand to accommodate its customers’ shifting tastes.
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UF’s consumer index rose an average 4.6 points in 2017, even though it dropped 1.4 points in Dec. Floridians were “far more optimistic in 2017.”
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More and more affordable housing developers are considering modular construction for their developments because of the time and cost savings prefabricated building can yield.
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Optimistic 2018 Construction Forecast Tempered by Worker Shortage.
The construction industry is expected to continue to grow in 2018, but Florida construction firms face issues of worker shortages and outside competition.
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Freddie Mac says the average rate on 30-year fixed-rate mortgages dropped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%.
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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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What’s Up In Housing?

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St Petersburg CondominiumsDowntown St. Petersburg’s condo boom shows no signs of slowing.
St. Petersburg downtown condo boom is more torrid than ever.
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Rising Interest RatesInterest Rate Hike No Surprise and Will Be Easily Digested.
Real estate industry insiders do not anticipate much of a negative impact on the sector as the increase has been expected for a long time and in many cases, already priced into current transactions.
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Fixer-UpperBefore You Buy a Fixer-Upper, Read This.
Want to buy a fixer-upper? First, read this to save yourself a ton of cash—and headaches, too.
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Home Prices Over the Next 5 YearsWhere Do You Think Home Prices Will Be in 5 Years?
Looks like the average annual appreciation will be 3.24% over the next 5 years with the biggest increase in 2017.
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Millennial HomebuyersYou May Have Heard Enough About Millennials – But This You Don’t Want to Miss.
This Metrostudy report reveals data specific to housing.

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http://www.TitleSecurityFL.com

 


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Housing News: A Week In Review

Tampa Bay single-family home sales jumped 21 percent in OctoberTampa Bay single-family home sales jumped 21% in October

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New rentals to provide stability for struggling vetsNew rentals to provide stability for struggling vets 

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Short SaleTips for Short Sale Success: Do Not Forget the Buyer…

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Downtown St Pete's Residential GrowthDowntown St Petersburg’s residential growth is booming…

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Housing News: A Week In Review

Cash BuyersHow Home Buyers Can Conquer All-Cash Offers 

http://on.wsj.com/1q8WJZK

The Salvador CondosDeveloper wants to fill void in downtown St. Pete high-rise condo market with lower-end luxury prices starting at $315,000.

http://bit.ly/1uQ3c1b

Millennial Home BuyersStop Saying Millennials Don’t Want to Own a Home!

http://bit.ly/ZO21nm

Home OfficesThe Home Office Goes Upscale… Some high-octane professionals are installing full-time work spaces on their properties.

http://on.wsj.com/ZiOwuV

http://www.TitleSecurity.net


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Housing News: A Week In Review

Solar Energy

U.S. Real Estate’s Top 10 Issues… Energy, jobs, and the far-reaching influence of the Millennial generation, to name a few.
http://bit.ly/SQAGNr

 

BLISS CondosNew 18-Story, 30-Unit Bliss Condo Tower Planned for Downtown St Petersburg. Starting at $800K…
http://bit.ly/1morozJ

 

Back Yards9 Ways to Make Your Yard More Fun for Kids… Draw the younger set outside while keeping grown-up spaces and style intact. Some of these ideas don’t even cost a dime!
http://bit.ly/1s5nF2D

http://www.TitleSecurity.com

 


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Housing News: A Week In Review

Home BuyersMore Americans Confident About Home Buying
* 52% of respondents thought it would be easy for them to get a home mortgage today
* 70% of respondents said they would buy if they were going to move
http://bit.ly/1cV6SCE

 

Pinellas Realtor OrganizationNew listings, active listings, closed sales, new pending sales, median sales price, and inventory are all up over last year. http://bit.ly/1dXp7vs

 

Downtown St Pete 10 Years AgoUrban Land Institute panel issues final report on vision for St. Petersburg, Florida

http://bit.ly/1kSwrwk

 

student debtRising Student Debt  threatens U.S. housing recovery…

http://wapo.st/M9nOOG

 

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