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What’s Up With Housing?

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Owning a home has always been, and will always be, better from a financial standpoint than renting.
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Second cut to state’s biz rent tax in as many years takes effect Jan. 1, 2019. Combined with last year’s cut, some Florida businesses will be saving nearly $100M each year.
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12% of millennials surveyed cited “rising rents” as the trigger that sparked them to become homeowners, while 17% said family needs; for 55+ buyers, 20% said privacy. Overall, 44% want a three-bedroom home, and 93% want at least two bathrooms.
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A new report from a federal watchdog finds that the Federal Housing Administration incorrectly insured approximately 9,507 borrowers who were actually ineligible.
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This marks seventh-consecutive month of home price increases nationwide.
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Every year that passes, the more population patterns are starting to look like the old sprawling dynamic serving suburban and exurban demand.
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What’s Up With Housing?

Independence Day

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Will new laws protect condo owners from apartment conversions and rogue associations?
A bill passed by the Florida Legislature would affect places like The Slade in Tampa’s Channelside district, where condominium owners have battled a plan to convert homes into apartments.
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Back With Your Folks… In your 20s and living with mom and dad? In Florida, you’re not alone.
The Tampa Bay region is ranked 15th nationally for millennials who move in with their parents. Is the economy to blame, or something else?
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CFPBHousing Groups Want Change to CFPB Structure
The groups want the CFPB to be led by a bipartisan commission instead of a single director.

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How Long Does It Take to Get a Mortgage? Longer Than You Might Think…
We’re used to having everything done quickly and easily, but getting a mortgage can take time. So how long does it take to get a mortgage?
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7 New Florida Laws go Into Effect Today.
Seven real estate laws drafted by the 2017 Florida Legislature and signed by Gov. Rick Scott go into effect today (July 1), including a Florida Realtors priority: estoppel fee caps.
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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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Mortgage RejectionWhen it comes to mortgage rejections, Florida is No. 1
Almost 1 in 5 mortgage applications (17.1%) gets turned down in Fla., according a NerdWallet’s “Homebuyer Reality Report” that studied buyer experiences.

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Florida LegislatureFlorida Legislature 2017: Where do Realtors’ priorities stand?
The annual legislative race began this week, and Realtors will be impacted by a range of bills that will be discussed, debated and voted on over the next 60 days.

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Healthy BuildingsAn Interesting Look at the Future of Healthy Buildings.
The WELL Building Standard is the first building standard that focuses exclusively on the health and well-being of the people inside buildings, impacting the way occupants sleep, eat, and feel.

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Interior Design TrendsWhat Homeowners Want…
From statement kitchens to bold finishing touches, here are 8 trends today’s homeowners are looking for.
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Short SalesThousands of Tampa Bay residents gain equity in homes.
Will this prompt more people to put their properties up for sale, relieving the tight inventory that has been driving up bay area prices?

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http://www.TitleSecurityFL.com