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What’s Up With Housing?

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Is there a bedroom makeover in your future? One of the easiest ways to refresh and revive your bedroom is with a fresh coat of paint.
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Industry expert Steve Friedman details the ins and outs of the sweeping legislation, including some good news for small builders and developers.
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Will we see the same trends as in 2018, when prices rose due to a relatively scant supply of available homes?
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Economists forecast growth in home prices to drop as higher interest rates impact the mortgage market, but Florida’s housing market is projected to do very well next year.
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How to handle the cost-per-square-foot question every buyer asks but no builder wants—or knows how—to answer.
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After four months of consecutive declines, consumer sentiment among Floridians rose in December. Similarly, consumer sentiment at the national level increased.
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Construction firms across Florida expect to step up hiring significantly in 2019 to meet a growing demand for the industry. There’s just one problem — a labor shortage that has plagued construction for years.


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Recent Housing News

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Skilled Construction Labor Shortage in FloridaFlorida construction companies struggle to find skilled workers.
Demand for residential construction workers in Florida is projected to jump 40 percent — or 66,000 employees — from 2014 through the end of this year.

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Interest RatesMillennials Fear 5% Mortgage Rates…
47% of all buyers said they’d look for a less expensive house if rates rose by a point or more.  Rates have been below 4% since December, but the thought of rising rates is enough to convince millennials to look for a cheaper house or not buy one entirely.
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Florida's GDPFlorida GDP Outpacing U.S. Thanks to Strong Real Estate, Construction.
Florida’s GDP growth of 2.1% in the 1Q of 2016 not only outpaced the country as a whole, but all of the other top population states and every state in the Southeast but one.

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Money LaunderingFeds expand crackdown on secret real estate deals (money laundering) beyond Miami and Manhattan.
In Florida, if an all-cash real estate deal in Miami-Dade, Broward and Palm Beach counties exceeds $1 million, then buyers’ identities will have to be reported.
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Florida Association of RealtorsHave interest rates hit bottom? Hard to tell.
It seems like the Fed is “as befuddled as the rest of us” and the timeframe for when rates will return to “normal” could be longer than anyone can predict.
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