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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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Suburban-bound Millennials and Other 2018 Housing Trends to Watch.
What’s ahead for real estate in 2018? Zillow economists put their heads together and offered up a laundry list of forecasts and predictions.

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Most millennials say they want to eventually own homes, and only rent because of financial necessity.
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Malls are dying. There aren’t enough homes. Is there a solution? Across America, malls are being repurposed for residences as an oversupply of one meets a lack of the other.
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The Florida housing market recorded increases in sales, median prices, new listings, and new pending sales in October, signaling a rebound from the impact of Hurricane Irma.
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With data on millions of homes nationwide, the folks at Realtor.com think they have a pretty good idea of how the real estate market is doing.
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Last year, mortgage loan limits accepted by Fannie and Freddie rose only slightly for the first time in a decade – but they’ll top out at $453,100 next year.


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What’s Up With Housing?

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Homeowners in Florida are finding that homes built to the stricter building codes seem to have fared better during Hurricane Irma.
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NAR’s Call for Action ended Friday. While NAR initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone major changes. NFIP now expires in December.
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Florida’s housing market continued its positive track in August, with more closed sales, increased pending sales, more new listings and rising median prices.
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FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings has been waived.
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PRO LogoPinellas County Real Estate Statistics for August 2017
Here’s the Stand-Out Stat for August 2017: Median Time to Sale for Single Family Homes was 63 days down 13.7% from 73 days in August 2016.
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Now that the “big one” has finally happened how can you protect yourself?


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What’s Up With Housing?

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Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future.
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A disaster declaration in the just-expanded 37 Florida counties will aid local gov’ts and allow HUD to help with federal housing needs, such as foreclosure relief.
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Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home?
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This report gives the results of a survey of REALTORS® on the effectiveness of home staging.