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What’s Up With Housing?

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“Everybody took a hit when the market crashed but since the market rebounded, African Americans are the only race that has been declining.”
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Removing upper kitchen cabinets, off-colored bookshelves, streamlined finishes, and built-in furniture are several small-space hacks that can be transferred to any home.
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Even if home prices stabilize, interest rates will keep going up, and people who think it wise to wait for the next buyer’s market will probably miss out. CoreLogic predicts a nearly 10% increase in buyers’ mortgage payments by next July.
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The recession has ended – but not in people’s heads. It still impacts the decisions of millennials who came-of-age during the economic crash.
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The housing market may be slowing down, but Nobel Prize winner Robert Shiller told CNBC he isn’t fearful that a big downturn is ahead.
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Scott McGillivray of HGTV’s “Income Property” and “Moving the McGillivrays” shares his picks for the elements that will define home renovation in the coming year.
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Nationally, attitudes about the economy improved a bit this month. The Oct. Consumer Confidence Index rose to 137.9 from last month’s 135.3.
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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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What’s Up With Housing?

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If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.
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Exterior maintenance matters. Here are four projects that will boost your home’s curb appeal while curbing the need for costly maintenance down the road.
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The tax reform bill also might be contributing to the growth in home plans. Eighteen percent of the respondents doing projects said they have increased their remodeling budget as a result of their taxes getting lowered.
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In the next few years it might become fast and easy to secure a mortgage as blockchain technology quickly ties all financial accounts into the home transaction.
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It’s anyone’s guess what the coming years will bring in terms of home layouts. For now, here are the five hottest home design trends impacting floor plans in 2018.
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Mortgage Rates FallMortgage Rates Fall For The First Time This Year…
The average rate on a 30-year FRM slipped to 4.44% from 4.46% last week due, in part, to a government report that inflation pressures may be easing.
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Multi-Family TrendsThese Trends Are Radically Disrupting Multifamily Housing.
Renters’ desire for personalization and less stress, integration of AI and IoT into apartment infrastructure, concentration of 35+ age groups will drive multifamily in next 12 years.
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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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http://www.TitleSecurityFL.com 

 


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Recent Housing News

Zero Energy HomeThis Zero-Energy Home Is Run By Machines And Costs A Lot Less Than A Regular House.  Will this create a new model for how we design houses—and how we build them?

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Downtown TampaJeff Vinik’s downtown Tampa district will have a $20M ‘wellness’ focus. “We foresee our Tampa urban district setting a new standard for wellness and sustainability,” Vinik said in a statement.

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David Stevens, president and CEO of the Mortgage Bankers AssociationTRID: The changes prompted 5 years ago by the Dodd-Frank law, seeking to help borrowers better understand the terms of their mortgage before signing, may not be a smooth transition.

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Home Trends SurveyOutdoor Living Spaces and Smart Home Technology Top AIA Home Trends Survey.  Emphasis on increased popularity of home technology and the recovery of special function rooms.

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http://www.TitleSecurityFL.com


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Housing News: A Week In Review

A House That AdaptsWhat if houses could reshape themselves as needed?
Introducing the Adaptable House

http://bit.ly/1utB9G0

Low Ball AppraisalsAre Low Ball Appraisals Hurting Housing?

http://bv.ms/1xpI2Jz

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Smart Home TechnologyWink Could Be the Next Big Platform for the Smart Home

wired.com

Bathroom Upgrades12 Ways to Get a Luxe Bathroom Look for Less…

http://bit.ly/1sc1gv1

http://www.TitleSecurity.net


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Housing News: A Week In Review

Hire A ProfessionalWhy You Need A Professional When Buying A Home… In today’s market: you need an experienced professional!

http://bit.ly/1nIW9Rt

High-End Home MojoBanks Sweeten Jumbo Terms to Woo Borrowers… Large lenders are keeping mortgages on their books and reaping the profits. That may lead to better terms for borrowers.

http://on.wsj.com/1wilgQo

Renters Fear Buying A Home - Credit IssuesFear of Rejection Among Top 3 Reasons for Renters Not Buying.

http://wapo.st/1xDvkYy

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Aging AmericaNew Homes Must Meet the Needs of an Aging America… Builders should look ahead and target younger buyers with universal design features that sell the ideal of aging in place.

http://bit.ly/1ufjqjL

http://www.TitleSecurity.net