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What’s Up With Housing?

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Latest Florida Realtors data shows Single-family home sales up 8.5% year-over-year; condo-townhouse sales up 14.1%, due in part to rising inventory of active listings.
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Florida timeshare companies and exit companies are blaming each other for rising default rates, with the timeshare industry now lobbying lawmakers and regulators for policy changes.
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National flood insurance, like the 2018 hurricane season, ended at midnight last evening. Many observers predict another short-term extension for NFIP, but newly elected 2019 lawmakers may be more open to a long-term extension that also keeps rates affordable.
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This move could speed closings and reduce costs, but appraisers warn that automated processes are not as reliable.
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The federal agency that creates conventional loan limits for Fannie Mae and Freddie Mac will raise max amounts 6.9% – to $484,350 for most single-family 2019 loans.
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What’s Up With Housing?

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The fates of hedge funds and other investors in Fannie Mae and Freddie Mac could hinge on a yet-to-be written provision of the latest bill to overhaul the entities.
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Check out these 11 inventive and inspiring recycled shipping container home designs.
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U.S. Department of Housing and Urban Development Secretary Carson commits to end homelessness. “We know how to end homelessness and it starts with embracing a housing-first approach that relies upon proven strategies that offer permanent housing solutions to those who may otherwise be living in our shelters and on our streets.”
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The rise in mortgage applications last week doesn’t make sense — unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over.
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Foreign Real Estate InvestorsAgain, U.S. at No. 1 for Foreign Investors in Real Estate.
Foreign investors in real estate assign high importance to the potential for wealth and security—and according to new research, the U.S. is expected to offer both more than any other country in 2018.
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Come on Inside The reNEWable Living Home…  More than ever, Americans’ relationship with their homes is evolving. As research strengthens the link between smart design and health, as more extended families come together under a single roof, and as the construction industry grapples with a labor shortage amid demand for resilient, durable homes, builders and architects are realizing it’s time to disrupt the traditional home building process.


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Recent Housing News

The American Urban DreamThe attainability of the American Dream at the metropolitan level. Intergenerational Mobility varies tremendously across cities in the United States, and these differences offer clues about which factors matter most for mobility.

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Jumbo Mortgage Tax TipsTips for Tax-Savvy Jumbo Mortgage Homeowners.
With nearly three months left in 2015, jumbo-mortgage borrowers can make tweaks to cut their tax bill in April.

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Florida RealtorsGreat News… Mortgages for ‪Multi Generation‬ Families.
A new Fannie Mae mortgage rule makes it easier for multi-generation families to buy a home because it also considers the salaries of the non-buying relatives.

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Housing Recovery?Has U.S. Housing and Real Estate Finally Recovered? Hedge fund manager, Metacapital Management founder Deepak Narula, is pretty bullish on the housing market, calling the fundamentals “very solid.”

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Housing News: A Week In Review

Downtown St. Petersburg’s blue-green waters are getting bluer this weekend with Blues Fest.  Since 1995, some of the biggest names St Petersburg Blues Festivalin blues music have taken the stage at the Tampa Bay Blues Festival here in St. Pete.  Blues enthusiasts from all over the world come to scenic Vinoy Park to watch this spectacular showcase of American Blues music, performed right on the waterfront.  See you there.

Consumers still confident in housing recoveryConsumers still confident in housing recovery.  Fannie Mae survey shows uptick in concern over economy.  http://bit.ly/11KHH2Q

 

Housing Bidding WarsCan you say, ‘bidding wars?’ They’re back!  Seemingly overnight, many of the nation’s major housing markets have gone from stagnant to sizzling, with for-sale listings spurring bidding wars among a large number of house hunters.  http://cnnmon.ie/Zjs0BQ

feature_2-645x2905 Things Buyers Need to Hear Before They Get into Your Car.   How do you prevent the deal-destroying misconceptions and decision traps that plague hot market home buyers?  http://bit.ly/Zmahnp

Silhouette Luxury Condos in Downtown St. PetersburgThinking About Moving to St. Petersburg?  Silhouette condominiums began taking Reservations this morning. Now’s your opportunity to reserve a new luxury downtown condo at low pre-construction prices. Sixteen half- and full-floor homes, starting in the $700,000’s… www.SilhouetteCondos.com

 

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Housing News: Week In Review

Merry Christmas to all…  In case you were too busy getting “malled” this past week, here are a few newsworthy items.

563630_10150261135514964_1357556688_nAn Awesome Christmas List for Realtors… Care to add anything?
http://bit.ly/12D5jpu

 

7 Tips for 20137 Things To Do In December If You Want to Buy or Sell in 2013…  http://bit.ly/VbZgli

 

ForclosuresThis should help clear up any confusion about the Foreclosure situation.
http://bit.ly/V7mF7q

 

 

Fannie MaeFannie Mae:  “The housing market has turned the corner and a sustained recovery is under way.” http://bit.ly/V5ugaZ

 

Housing Tax BreakExtending the tax break a year would save American taxpayers $1.3 billion, according to the Joint Committee on Taxation.  http://bit.ly/WEjtah

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