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What’s Up With Housing?

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Building Permits on the Rise in FloridaFlorida Building Permits Rose 20.8% Year-to-Year.
Home construction continues to lag nationwide, but increases in Fla. and the West are being offset by decreases elsewhere, such as New Hampshire’s 43.1% drop.

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Governor Scott Signs Real Estate-Related Bills Into Law.
New laws will boost flood insurance warnings, tinker with HOA covenant and restriction rules, and change the way Fla. regulates and defines “mortgage lenders.”

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The Pinellas County real estate market is continuing to see higher sale prices and homes moving at a faster rate for both the Single Family and Townhome/Condo markets compared to February 2017.
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As more multifamily developers experiment with modular construction, its use is increasing.
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Did you know that St. Pete offers no-interest loans for qualified first-time home buyers and for qualified homeowners who need help to rehab their houses?
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The premium hikes, which are required by law, will be as little as 2% for some properties and as high as 24% for others. The average increase will be about 8%.
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What’s Up With Housing This Week?

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1st Time HomebuyersA Few Tips for First Time Buyers This Spring Selling Season.
What first-time millennial buyers need to know about the spring housing market.

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Florida Association of RealtorsClosing costs? What are they really?
Here’s one common pitfall on the road to a smooth closing: During the course of a transaction, it’s fairly common for a seller to offer money toward the buyer’s closing costs — and many Realtors feel that adding a quick line about this change in the contract’s additional terms section is sufficient.
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Millennial HomebuyersSeems Millennials Are Unaware that They Can Enter the Housing Market.
Knowledge is essential in order to attract this generation.
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Are We Headed for Another Bursting Housing Bubble in 2017?
“There are three basic worry indicators and all three were very scary in 2005 and all three today suggest, if anything, that the housing market is still in the process of recovery instead of being near a new bubble.”

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What’s Behind the Housing Drought
The supply of homes for sale is now at the lowest level since the National Association of Realtors began tracking inventory 18 years ago.
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http://www.TitleSecurityFL.com


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Interesting Housing News

First Time HomebuyersFirst-Time Buyers Are Coming Back! (Gradually…)
A key group that has been conspicuously absent from the entry level housing market is Generation Y.

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Real Estate Trends4 Big Real Estate Trends… What trends could impact real estate? The Urban Land Institute suggests mortgage rate uncertainties and Gen X’s transition into real estate leadership positions.  Full Study
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Tesla PowerwallTesla Powerwall Debuts in Australia… The company designated Australia a “prioritized market” due to its high number of solar energy users.

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Tight Mortgage RulesOverly Tight Mortgage Rules Deep-Sixed 5.2 Million Mortgages From 2009 to 2014.  Due to tight credit standards 5.2 million mortgages were prevented, depriving families of access to the American Dream.

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Top Home Features 2016The 10 Hottest New-Home Features…
A National Association of Home Builders survey shows the 10 features builders identify as the ones they’ll most likely include in their new single-family homes in 2016.

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http://www.TitleSecurityFL.com

 


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Interesting Housing News

Rent-To-OwnIs Rent-to-Own a solution to the rental crisis?  Potential buyers struggling with weak credit scores or inadequate downpayments could find it easier to become a homeowner under a rent-to-own program.

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Smart HomesWill 2016 Will Be The Year of The Smart Home?  A new survey reveals that homeowners are more interested in smart home technology than ever before.

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New Products 2016 IBSNew Products: From graphic tiles to important behind-the-wall solutions for healthy homes, the 2016 International Builders Show and Kitchen & Bath Industry Show have no shortage of new products for your upcoming projects. 

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Kitchen FlooringKitchen Confidential: An Expert Guide to Flooring… A look at the pros, cons and costs of 5 popular kitchen flooring materials.

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http://www.TitleSecurityFL.com

 


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Recent Housing News

Sustainable HomesAnother Inconvenient Truth. It’s time to get past the ‘home buyers won’t pay for it’ mindset when it comes to making homes sustainable … they are paying for it, now or later.

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Number of First-Time Home Buyers FallsNumber of First-Time Home Buyers Falls to Lowest Levels in Three Decades. Figure represents third straight annual decline and lowest percentage since 1987

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Millennials Living at HomMillennials Are Just as Likely to Live With Parents as to Own a Home

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Groovy New Tiny House with Full-Size Appliances Can Sleep 8Groovy New Tiny House with Full-Size Appliances Can Sleep 8.  Remember the Escape Traveler, the fab new mobile tiny home with major amenities like a full-size oven and bathtub? Well, the maker of the Escape Traveler has just launched an even more spacious version.

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Construction Forecast 2016Chief economists for the NAHB, ABC and AIA offer mostly optimistic views for 2016.
*A 7.4% growth in nonresidential construction in 2016  *Big growth in the single-family sector due to pent-up demand.
*Improving job market

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First Time BuyersZillow offers up an analysis of just who exactly today’s First-Time Home buyer is, and finds that they’re typically older, focused on condos, and increasingly able to score a loan with a lower credit score.

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Recent Housing News

Home Office Trends4 Trends in Home-Office Design
As millennials start to buy homes, they’re also going to be looking for a place to bring their work home–preferably a space other than the kitchen island.

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Pet Friendly BuildingsPet Smart:
What You Need to Know About Being Pet Friendly.
After years of prohibiting companion animals, many apartment properties now welcome pets—and the residents and ancillary income they bring with them.

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Millennial HomebuyersAre all millennials scared to own a home? Up until now, buying a home was seen as an integral part of growing up.

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5% or 20% Down?Do your customers ask if they should wait and make a larger down payment?
Answer: Have them speak with a mortgage professional.

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Single Women HomebuyersMore single women are moving into 1st-time homeownership. Single women are buying homes at nearly twice the rate of single men.
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Real Estate Meltdown Isn't in the CardsHere’s Five–Count ’em–Reasons a Real Estate Meltdown Isn’t in the Cards. With the real-estate industry now on much more solid footing, here are 5 reasons why another crash probably won’t occur.

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Recent Housing News…

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Housing ForecastHere’s what we can expect in Housing for the rest of the year. Real estate economists share insights into the outlook for housing in the back half of 2015, where demand is on the rise, but risks abound.

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Mortgage ModificationsMortgage Modifications More Modest.
As rising home prices have helped firm families’ finances across the U.S., homeowners who are still struggling are receiving dramatically leaner mortgage modifications than they would have even just a year ago.

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First Time HomebuyersFirst-Time Homebuyer Mojo Rising in May Existing Home Surge… Their share of purchases rose to 32%, up from 30% in April

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Green Retirement CommunitiesDemand and Expectations Grow for Green Retirement Communities.  There’s a growing wave of retiring adults looking to move into green, eco-conscious retirement communities, drawn to the benefits of sustainable, healthy living.

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2016 ColormixPalette Preview Parade:  Sherwin-Williams Unveils ColorMix 2016

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http://www.TitleSecurity.net