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What’s Up With Housing?

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As early investors in bitcoin gained massive wealth, interest in the cryptocurrency also grew and started reaching other industries — real estate, in particular. Some real estate startups have launched tokens backed by property assets while another created a blockchain for recording real estate transactions, leading to the first-ever U.S. property transfer recorded using blockchain.
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Land and construction costs have increased sharply since the end of the last boom a decade ago, and construction activity remains at an almost 60-year low.
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Florida Building Codes Thwarted Hurricane Damage…
Florida’s building codes top all other states, according to a report that found the state’s newer properties were better able to withstand Hurricane Irma damage.
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The key component of smart homes and home automation is the Internet of Things (IoT). It has allowed us to connect our devices and home appliances with each other with the help of internet.
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Home sales jumped in February, showing buyers may not be as concerned about interest rates and taxes as previously thought.
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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 This Week?

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Student HousingStudent Housing Sales Outperform the Rest of the Market.
Commercial real estate investors are increasingly keeping their wallets in their pockets, waiting to see where interest rates will go, for prices to come down and for more properties to come on the market. That’s happening in almost every sector, except for student housing.

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30 Ways to Upgrade Your Home Without Blowing Your Budget.
Everyone wants to turn their house into their dream home, but that’s often easier said than done.

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National Association of Home Builders logoBuilder Confidence Rises in May
NAHB index at second-highest level since the mortgage crisis. “This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger MacDonald.

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New Home ConstructionThe #1 Answer to the Housing Shortage: New Construction.
There is a drastic need for a larger supply of home inventory to meet the skyrocketing demand. Builders are now doing their part to help rectify this situation.
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First Time BuyersHousing Readies for First-Time Buyer Shift…
In the first quarter of 2017, the number of new-owner households was double the number of new-renter households.
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Recent Housing News

Where Are The Sellers?Where Have All the Sellers Gone? 6 reasons for low inventory.  Factors influencing the lack of homes on the market include homeowners who are still underwater on their mortgages and not enough new-home construction.

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Housing CrisisHas Housing’s Crisis Ended?  Supply of entry-level homes continues to plague the market.
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Home Equity PostHome equity surges by more than $1 trillion.  CoreLogic: American homeowners now have about $1.2 trillion dollars more than they had a year ago thanks to rising home values – double the amount since 2011.

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Mortgage Interest RatesMortgage Rates Continue Falling…  30-year drops to 3.83%; jumbo down to 3.76%.  At the current average 30-year fixed mortgage rate of 3.83 percent, the monthly payment for a $200,000 loan is $935.33.

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Millennials are showing signs of financial prudence.Millennials Saving More than Older Cohorts.  Only half of adults 30 and older save more than 5% of their income annually, but 3 in 5 millennials are doing so, according to a study… Millennials are showing signs of financial prudence.

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http://www.TitleSecurityFL.com