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What’s Up With Housing?

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The members of Generation Z who have bought homes are the exceptions, but their spending power is growing.
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A correlation is seen between strict land use laws and the rise of home values. Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations.
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According to Time Magazine, the number of female billionaires grew faster globally in 2017 than the number of male billionaires. This redistribution of wealth has seen an impact on luxury real estate both in its purchase and design attributes.
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Styles and tastes evolve constantly. So, to help keep you up to date, here are six trends to consider incorporating when your clients say they want a fresh look.
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Austin, Texas, is a shining example of how sustainability can contribute to the development and growth of a city.
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What’s Up With Housing?

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Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
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The housing market is not falling apart. We are just returning to a more normal market which, in the long run, will be much healthier for you whether you are a buyer or a seller.
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It’s not a news flash to learn that Millennials—people born between 1977 and 1996—love living in the city. But what cities and urban areas in particular do they favor?
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Early signs of a softening market, after years of sellers having overwhelming control, signal even more seller struggles into the future.
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While AI is poised to make a splash in transportation, medicine, manufacturing, and consumer tech in coming years, it also has the potential to disrupt the apartment leasing industry.
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Urban Land Institute’s survey predicts continued economic expansion, but lower rate of returns growth on CRE for the next three years.


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What’s Up With Housing?

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It’s been 10 years since the Great Recession, but most home prices in the Tampa Bay area still haven’t reached their pre-recession peak, according to numbers released by Zillow.
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The CFPB had about 1,200 reverse-mortgage consumer complaints over 3 years. People cited “confusion and frustration over the terms” and loan-servicing problems.
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Home buyers young and old want high-tech features in their homes. Across the board, and across the generations, security and convenience are of primary interest.
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Despite rising prices, Tampa remains one of the best cities in which to flip houses ranking 10th among 172 cities compared on such metrics as median purchase price and average remodeling costs.
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The Senate approved a bill this week, and the president signed it, to keep the National Flood Insurance Program operating for 4 more months.
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Young People Don’t Want Construction Jobs…
Disinterest in construction work is contributing to a labor shortage that has meant fewer homes built and rising prices—possibly for years to come.
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Interesting Housing News

chart-steady_0Economist Predicts the U.S. Real Estate Market Will Stay the Course in the Coming Year.
With interest rates poised to rise, Richard Barkham, Ph.D., global chief economist at commercial real estate services firm CBRE discusses what lies ahead for the U.S. commercial real estate market in 2016.

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Futuristic Apartment BuildingsNine Futuristic Apartment Buildings
These 9 apartment building concepts showcase the future of multifamily residences.
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Millennial Homebuying Boom?Economists skeptical of a millennial home buying boom…  Predicting whether millennials are finally going to start buying homes in large numbers has become a seasonal sporting event for real estate experts (also something resembling a periodic parental nag).

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Value ChainsValue… It’s Back.
On the surface home building’s key 2015 themes were labor and millennials. Underneath, however, it’s a more meaningful tipping point year for neighborhood builders.
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2016 Is Year To Buy A Home4 reasons 2016 is the year to buy a home…
The window of record low interest rates is closing and the rise in home prices is expected to moderate, which means next year is the ideal time to become a homeowner.
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Housing News: A Week In Review

Good Morning…

Housing DemandHouse Pricing is Still about Supply and Demand…
http://bit.ly/14VZl8w
Knowing how much inventory is for sale is crucial to determining where homevalues are headed. Pricing of any item is determined by supply and demand: how many items are available in relationship to how many want to buy that item.

Multifamily Housing StartsHousing Starts in U.S. Rise on Multifamily Properties
http://bloom.bg/14ya3fs

 

Ultraluxury ApartmentsRental apartment amenities go ultraluxury
Dog care and pantry service lure high-end renters to buildings
http://on.mktw.net/1duWiVL
It isn’t new for apartment buildings to be customized with features such as pools and gyms. But some high-end buildings are outdoing each other with services and features that rival the most upscale hotels. And residents are willing to pay big bucks each month to live there.

St Petersburg MapSt Petersburg’s Latest Housing Trends from Trulia

http://on.trulia.com/3C0JmH

 

Secret Life of a Real Estate AgentThe secret life of a real estate agent http://bit.ly/176Qgb2

 

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