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What’s Up With Housing?

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While the rates on ARMs and FRMs can rise on their own, the Fed’s latest report to Congress suggests little policy change until it sees the economy’s next move.
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The DeNunzio Group hopes to develop a true mixed-use building unlike anything else offered downtown, with a range of uses including retail, office, hotel, residential, and, hopefully, public parking.
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If you’re looking to draw in buyers this year, start in the laundry room. According to the latest What Home Buyers Really Want (2019 edition).
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The most expensive home defects—uncovered in 9 to 20 percent of the homes studied—ranged in repair prices from slightly more than $1,000 to less than $10,000.
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Starting in 2023, no new building permits will be issued in the Florida Keys, a stipulation of a 1970s state mandate aimed at controlling development in the environmentally sensitive archipelago.
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Surveying buyers, the builders say that most of them want a house with a median size of about 2,066 square feet… down from average size of 2,576 SF in 2018.
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If there is one thing we know about the future, it’s that smart technology will increasingly be an everyday part of our lives.
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Attitude of Latitude Margaritaville is that “good times” are a big business idea for 55+ home shoppers.


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What’s Up With Housing?

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Hurricane Michael’s damage to property in the Florida’s Panhandle region will provide a fresh test of the state’s unusual property insurance market.
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When many of the homes on the Panhandle were built, the state had a patchwork of codes from which some buildings here were exempt.
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As IBM’s Watson adds its computational power to construction sites, tech sees an industry in need of an upgrade.
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This cycle is different, in part because construction never took off and an inventory shortage remains. Worst case scenario: Stagnant prices for a year or two.
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The Neighborhood Assistance Corp. of America is hosting events around the U.S. to help buyers with low credit scores get home mortgages with low interest rates.
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Raise your hand if you’ve seen this: After an inspector has finished a home report, buyers look terrified and seem overwhelmed by supposed flaws that have been found. Recommend they take a deep breath and ask these questions.


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What’s Up With Housing?

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Housing Shortage
The Fed is pre-emptively raising interest rates so the economy doesn’t overheat. But overheating is not the current problem.
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Can the economy support a strong housing market without help from Washington?
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A home inspection can make or break a real estate transaction. See what goes into a home inspection, and whether waiving that condition is a good idea.
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How will we be living in 10 years’ time? Futurist Morris Miselowski tells us his predictions about where and how we’ll be living a decade from now.


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What’s Up With Housing?

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Home InspectionsOrdering a Home Inspection? Here’s What to Expect.
A home inspection contingency allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your Realtor can advise you on the best course of action once the report is filed.

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CFPBWill the CFPB’s Final Mortgage Servicing Rule Implementation Be Delayed?
The implementation date of the Consumer Financial Protection Bureau’s final mortgage servicing rule lies in question after the Trump administration announced a freeze on federal regulations.

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Ivy ZelmanIvy Zelman’s Look at MultiGenerational Living.
A data dive that explores how households where 55+ adults living with their adult children are trending vs. broader household formation patterns.
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SWhy Single Women Are Buying Homes at Twice the Rate of Single Men.
Skip the spouse, buy the house: Single women account for 17% of homebuyers in the U.S., vs. 7% of single men.

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Housing RecoveryCase-Shiller Says the Housing Market Has Now Officially, Completely Recovered… Do You Agree?
“The new Administration in Washington is seeking faster economic growth, increased investment in infrastructure, and changes in tax policy which could affect housing and home prices.”

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http://www.TitleSecurityFL.com


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Recent Housing News

Home InspectionsDo You Know the Ins and Outs of 4-Point Wind Mitigation and Property Inspections?
Help Educate Your Clients by Joining Us at Our June 7th Coffee Corner

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June Home ChecklistYour June Home Checklist:
Get your house set for summer with a mix of maintenance musts and breezy room refreshes.

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Silo Homes

Are Silo Homes Real Estate’s Next Biggest Trend?
These five homes converted from old silos are winning people over with their modern rustic charm.
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Construction SchoolsTwo Schools that Train the Trades…
These programs help men and women gain the skills they need to enter the construction field.
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House Flipping in Florida1 in 10 Home Sales Flipped in Many Florida Metros.
RealtyTrac: Home flipping increased 20% in the first quarter, though the total number of flips was still 26% below its 2006 peak – and more flippers now pay cash.
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http://www.TitleSecurityFL.com