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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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Interesting Housing News

New Home Labor CostsHigh New-Home Costs: It’s Labor, Not Materials…
The cost of raw materials – asphalt, iron, steel and diesel – has fallen, but total new-home construction prices are up 1.8% because labor costs are soaring.

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What Moms Want in Their HomeWhat Do Moms Want in a House?
With Father’s Day past us, the focus shifts back to the moms and what they look for when buying a house… Open floor plans, large kitchen, and an office so parents can keep tabs on their kids.

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30 Year MortgagesWhy a 30-Year Mortgage May Leave Buyers House Poor.
First-time buyers may want to be more cautious when it comes to 30-year home mortgages. If a buyer can afford it, they may save much more money by opting for a 15-year financing plan.

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State of Nation's HousingHousing Healthy Enough to Start Driving Economy…
Harvard JCHS: Still, market is hampered by tight credit, sluggish income growth and the inventory shortage.
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Florida Association of RealtorsMore Homebuyers Have Renovation in Mind.
Houzz Survey: Many buyers decide to renovate instead of buying a “perfect” home because they think it’s more affordable or offers a better return on investment.
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Brexit and FloridaHere’s how Brexit will affect Florida and the Tampa Bay area.
From trade to travel, tourism to real estate, the ties between Florida and the fifth-largest economy in the world run deep.
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http://www.TitleSecurityFL.com

 


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Housing News: A Week In Review

St Patrick's DayHappy St. Patrick’s Day Weekend…

 

 

 

PreFab HomesCould These Tiny, Prefab $50,000 Homes Make Outrageously Expensive Cities Affordable?

http://bit.ly/1d5HhHD

 

Ageing In Place EssentialsHomebuyers Want Accessible Features They Can Age With.

http://bit.ly/1i0mWb3

 

Long Term ContractsShorter Term Mortgages Proliferate. In 2013, Shorter-Term Refinances Accounted for 40 Percent of Market Share.

http://bit.ly/NgS76O

 

Pinellas Realtor OrganizationThe US Senate passed “The Homeowner Flood Insurance Affordability Act” by a vote of 72-22.  http://bit.ly/1kT8Ko3

 

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Housing News: A Week In Review

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First Time BuyersPeople are taking advantage of the unexpected drop in mortgage rates by rushing to buy their first home before they go up again.  http://bloom.bg/1kC1Djh

 

Mortgage CreditConsumers’ belief in getting access to mortgage credit brightens
http://bit.ly/1og3Ukh

 

How do you Young Home Buyersentice buyers under 35?
Here are 10 must-haves to sell to young home buyers…
http://bit.ly/1eNNjBX

 

Luxury HomesLuxury Homes That Are Better, Not Bigger
Some high-end homeowners are shaving square footage off of their new homes. But nobody will accuse them of skimping on amenities.
http://on.wsj.com/1jkQaEl

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