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What’s Up With Housing?

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Doing your due diligence when buying a home is paramount especially when you are a first time home buyer. See what you should be checking before purchasing.
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Overall, bathrooms are becoming larger, cleaner, and sleeker, focusing on a minimum of elements such as surfaces and fixtures.
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Bubble fears are based on memories of the housing meltdown more than reality, some experts say. As long as buyer demand remains high and new-home production low, there’s no bubble to burst. Prices are a result of demand, not risky lending.
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Don’t wait for a competitive market; be ahead of the curve and sell your house at the best possible price!
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Pent-up demand from a new generation of first-time home buyers and a low supply of single-family housing should drive long-term residential new construction growth.
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Over the past few decades, green design has rapidly evolved from its early roots as a residential fringe movement, and, since then, much has changed about the way people live.
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Resort-style amenities were once a standard for condo projects. Today, buyers are looking for more service-style amenities.


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What’s Up With Housing?

Happy Presidents’ Day

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Overall, closed sales were slightly down from 2017, but sale prices were up!
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357 on Fifth, a 13-unit condo project, had been planned for 357 Fifth St. S in downtown St. Petersburg has now been scrapped and the property is up for sale for $1.3 million.
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Should a solar lease be regulated as a utility if it “sells” power to homeowners? The state says no, so solar-using homeowners needn’t fear new regulations.
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It takes more than changing the size of a home to change the mentality of the people who live inside.
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Homes need to combine a tight building envelope with mechanical ventilation and air filtration to provide consistently fresh indoor air. Healthy homes also provide optimal natural light.
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Prices continued to rise in all four bay area counties but the rate of increase has been cut in half since 2016, according to figures released Tuesday by Florida Realtors. Sales also lagged.
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Millennial home buyers are taking a long-term view when buying, and also tend to value safe neighborhoods and good schools over walkability and short commutes.


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What’s Up With Housing?

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An FHA loan with a low down payment can be a lifesaver; but, as one newbie home buyer discovered, it isn’t all smooth sailing.
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Only Gen-X Household Wealth Has Recovered Since the Housing Crash.
The generation that lost the most is the fastest to bounce back, with median net worth up 115% since 2010.
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Simple advice – buy a home and pay off your mortgage early so that you can retire sooner with the money you will have saved!
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If boomers see the pool of buyers shrinking and home-price increases slowing, will they decide it’s time to cash in and downsize? And if they do, will the market be flooded with listings? Some economists think that things could change quickly.
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In cities nationwide, home prices are at or above their pre-recession levels. It’s no bubble, but that doesn’t mean a drop isn’t coming.
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How does housing impact the health and well-being of its residents? What responsibility does housing have to its occupants, and how is it changing? [VIDEO]

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Interesting Housing News From This Past Week

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Housing InventoryStrong Buyer Demand Continues to Outpace Inventory of Homes for Sale.
Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase.
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Healthy HouseAdvocating for Clean Air in Homes
Homes can be improved with two changes: the right ventilation and the right sealing. Ventilation and sealing improvements lead to cost reductions for the builder and also for the consumer over time.

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Sherwin-William's 2017 Color ForecastSherwin-William’s 2017 Color Forecast
This Colormix™ Forecast for Homeowners combines self-expression and soulful nostalgia creating inspirational palettes with the future of color.

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Millennial Student DebtMillennial Student Debt Impacts Many People.
LendingTree: In Florida (No, 9 nationwide), the average graduate owes $28,768, and 45.31% say it will delay a home purchase decision. But the impact extends beyond housing as young adults spend less elsewhere too.
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Millennial FriendsRealtors Need to Do More to Connect with Millennials.
Millennials are young, smart, and digital savvy, but the real estate agents trying to sell them houses are often out of touch with this generation. They could also use a little help from Lenders to get this them to buy more homes.
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NY SkylineIs It Time for Real Estate Investors to Hit the Panic Button? That’s What They Want You to Think.
It is prudent to look well past one economic cycle when considering a real estate investment. Beware of self-appointed “economists” who come out with dire exhortations in the media to garner attention.
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Housing News: Interesting Tidbits From The Past Week

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Grand Prix of St PetersburgIt’s Going To Fun Weekend as the Grand Prix of St Petersburg Races Along our Downtown Waterfront.

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Rowland Place - St Petersburg, FLWe are both proud and excited to have begun closings this past week for JMC Communities’ Rowland Place condominiums, here in downtown St Petersburg.

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Health Home Practices9 Best Practices for Building a Healthier Home
From radon mitigation and proper ventilation to moisture control, these strategies are often overlooked in builders’ battle for superior indoor air quality.

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Freddie Mac's New 3% Down ProgramAre You Familiar with Freddie Mac’s New 3% Down Program?
Most loan officers believe the move to a lower down payment will increase access to mortgage credit.

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Rising RentsRising Rents Are Finally Forcing Millennials to Buy Houses.  Are You Noticing a Drop in Age at Your Open Houses?

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