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What’s Up With Housing?

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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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Home builders report that customers are more cautious than before the crash and prefer smaller, value-packed homes.
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After two months of decline, consumer sentiment among Floridians increased six-tenths of a point in April to 98.1 from a revised figure of 97.5 in March. Among the five components that make up the index, three increased and two decreased.
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Research shows that millennials value organic, unplanned, authentic, and experience-based housing amenities the most. These amenities are generally not expensive.
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“In today’s competitive housing market, understanding what homes may command a premium or attract multiple offers can be hugely beneficial to buyers.”
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A low home appraisal can ruin the sale of a home. You can protect yourself from low appraisals. Here are some suggestions for buyers and sellers.
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Interesting Housing News

Millennial Buyers Expect Energy SavingsMillennial Buyers Expect Energy Savings.
Young consumers understand how sustainable construction can impact their carbon footprint and help curb monthly utility bills, but how much are they willing to pay for it?

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Gas vs ElectricAre Gas or Electric Appliances More Eco-Friendly?
With so many appliances constantly at work in a home, it is hard to know whether gas or electric is more efficient.
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Millennial HomebuyersWhat Millennials Really Want in Single-Family Homes.
“Informal and flexible are important aspects of home design for Millennials.”
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Popular Home FeaturesHomes With Barn Doors and Farmhouse Sinks Fetch Higher Prices.
Followed by, in order, shaker cabinet, farmhouse sink, subway tile, quartz, craftsman, and exposed brick.

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house-investmentWhy First-Time Home Buyers Aren’t Buying.
Because their biggest competition is not other real estate newbies like themselves, but mom and pop investors looking to establish a stream of rental income.
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Urban FarmingThe Top 10 Cities for Urban Farming — Tampa area #9.
Homes in these cities have the most gardens, greenhouses and chicken coops. 

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