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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 This Week?

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Tampa Bay Home PricesTampa Bay home prices shoot up 11%, kicking off another strong year.
Prices for single-family homes in the Tampa Bay area jumped 11.4% in January from a year ago, far higher than the statewide average and the highest of any major Florida metro area.
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CFPBDallas Lawmaker Accuses Democrats of Pushing ‘Tyranny’ in Fight Over CFPB.
Rep. Jeb Hensarling would like to see major changes at the CFPB.
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Micro-MansionsWhat do you do when you’ve maxed out mega?
You go micro—as in micro mansion. The idea is to create a home that’s small on space and low on maintenance but big on luxury.
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Drones and Construction SafetyA New Use for Drones: On-Site Safety.
A Florida construction firm is utilizing the technology to resolve issues before workers set foot in the field.
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Florida Association of RealtorsMortgage rates edge up – but not much
Rates rose negligibly from last week’s 4.15% to 4.16% this week, and half the experts polled this week predict relative stability over the short term.

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http://www.TitleSecurityFL.com


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Interesting Housing News

 

Great Pumpkin

Top Commercial Tampa Bay ProjectsThis Top 10 list of real estate developments in Tampa Bay shows just how much this area is taking off.
A cool commercial project here, another there. That’s great. But it’s easy to miss the critical mass gathering in Tampa Bay without looking at the area’s best and biggest commercial real estate developments.

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Rising Home PricesAre Rising Prices Scarier Than Rising Interest Rates?
If you’re deciding between renting and buying during Halloween, home prices are your greatest fear.
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Pinellas Realtor OrganizationPinellas Realtor Organization’s Standout Stat for September 2016…
Median Sale Price for Single Family is up 16.6% Year Over Year:  Sept. 2016 – $221,475 … Sept 2015 – $190,000
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Empty Nesters Housing ImpactEmpty Nesters Poised to Make Major Housing Impact.
The population change for seniors, who are defined in this context as 55-plus, is higher than the percentage change for the US population.

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Private Mortgage NotesHow Millennials Are Circumventing the Mortgage Process…
Student loan debt and credit card bills are making it hard for Gen Y to get bank mortgages. Many are turning to private mortgage notes to get around this.
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Tropicana Field SiteTropicana Field 86-acre site vision splits development and public space 60/40.
HKS Architects is putting the final touches on a Trop site master plan that includes a new baseball stadium, towering office buildings, acres of new park space, housing, entertainment and retail.

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http://www.TitleSecurityFL.com

 


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Housing News of Interest

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Inexpensive Home Projects6 Home Projects That Cost Less Than a TV
Giving your home a little extra “umph” doesn’t have to cost thousands of dollars. In fact, you can dramatically improve the looks of your home for less than the cost of a new TV.
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Florida's Home PricesFlorida’s home market sizzled in the past year
The state’s home prices rose 9.95% from mid-2015 to mid-2016, the fourth-best showing in the U.S., according to the latest home price index.

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Housing IssuesWhy housing doesn’t care about the Fed
Home sales, home construction and the whole housing economy are dealing with all kinds of pressing issues that take precedence over mortgage rates.
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Rising Interest RatesThe Good and Bad of Rising Interest Rates
Whether interest rates are good or bad can all come down to your generation. Because people spend, borrow, save and invest in different ways at different points in their lives, it is worth examining how each generation stands to be affected.
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Tampa Bay Home PricesTampa Bay home prices soared nearly 20% in August, outpacing all other metro areas in Florida
The big year-over-year price gain was great news for sellers, pushing the bay area’s median price for single-family homes to $209,900 with even higher amounts in Hillsborough and Pinellas counties.

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http://www.TitleSecurityFL.com

 


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Recent Housing News

Appraisal ChallengesHome Prices Are Up…But There is a Challenge
Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). And when prices are surging, it is difficult for Appraisers to find adequate, comparable sales to defend the sales price.

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Surviving a Seller's MarketHow To Survive a Seller’s Market
You’re gonna need to bring your A-game, or don’t bother showing up at all.
Check out the survival tips below to stand out from the competition and get the edge.
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Florida RealtorsSurvey: Real Estate is the BEST Investment…
When asked the best place to put money in hopes of future returns, 35% of Americans surveyed said real estate. Only 22% said stocks or mutual funds while 17% said gold.

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Senior Housing OptionsCountry Faces Overwhelming Need for Affordable Seniors Housing Options.
The percentage of seniors who need affordable housing is rising faster than the increase in the elderly U.S. population.
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Shipping Container HomesThe Truth About Building a Shipping Container Home
They’re sleek. They’re innovative. They’re metal. They’re eco-conscious and sustainable. Did we mention hip?  But designing and building one is hard work—and it ain’t cheap.

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http://www.TitleSecurityFL.com

 


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Recent Housing News

Housing StartsU.S. Housing Starts Edge Up 0.2% as Sector Steams Forward.  July increase led by 12.8% jump in single-family units, which climbed to their highest level since December 2007

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Living Bigger3 Things to Consider Before You Buy a Bigger House…
Bigger is better and better is bigger, or so the saying goes—especially among young home buyers.

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FARBenefiting from the positive momentum of Florida’s housing market, Florida’s single-family home sales rose 21.8% in July…  The housing report found higher median prices, more pending sales and a tight inventory.

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Do home buyers prefer the Master Bedroom on the main or 2nd floor? Do home buyers prefer the Master Bedroom on the main or 2nd floor? 

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Housing News: A Week In Review

Ribfest is underway along downtown St. Pete’s waterfront and the Tampa Bay Home Show is taking place at Tropicana Field… hope to see you this weekend.

JMC Communities' Rowland PlaceWe’d like to congratulate JMC Communities as they celebrated the groundbreaking for downtown St Petersburg’s Roland Place.  We’re proud to be handling all their Title Insurance and Escrow needs.

House Hunting AppsApps solutely: there’s no winning without technology…  Real estate sites raising the bar on House Hunting Apps.
http://trib.in/1b5Hzjj

Investing In Real EstateDo You Know Why You Should Be Investing Your Money In Real Estate?  The way you invest your profits is key to your future success. Real Estate Investing should be a key part of your portfolio. http://www.entrepreneur.com/article/228506#!

Household FormationsThe housing stat you need to watch… Household Formations.  Younger adults living with their parents is up as millennials continue to experience weak job growth. They also have more trouble obtaining a mortgage than older adults.  http://www.cnbc.com/id/101172009

Rising Home PricesHome prices rose at fastest annual clip in nearly 8 years in Q3 according to the National Association of REALTORS®
http://bit.ly/187HmHY

 

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