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Housing News of Interest

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Florida Association of Realtors4 out of 5 people think homeownership a good investment.
NAHB: “Most Americans believe owning a home remains an integral part of the American Dream” – policymakers need to encourage and protect homeownership.

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Trending Bathroom PhotosTop 10 Trending Bathroom Photos on Houzz
Whether you love sleek contemporary washrooms or rustic loos, Houzz has you covered. Here are great ideas featured in the most popular bathroom photos over the past three months.

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Janet YellenThe Case for a Rate Hike Has Strengthened…
The case for raising U.S. interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said Friday.
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Urban Millennials

Millennial Preferences Are Reshaping U.S. Cities
’18-hour cities’ lure millennials with better career and lifestyle options and a mix of housing, retail, entertainment and green-space options.

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PRO LogoPinellas County Real Estate Statistics for July 2016
This summer the Pinellas County Housing Market has been nothing short of sizzling. For July we see some stats start to cool off, but every indication remains that our market continues to be strong.

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Construction DetailsSuccess is in the Details: Understanding Your Product at a Micro-Level
When it comes to selling homes, our knowledge of the building process can be the difference between making a successful sale and not.

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Interesting Housing News

Happy Fathers Day

 

GentrificationWhich Came First, Gentrification or Rent Surges?
Renters who move further from the city’s core in search of affordability but stay within the city are driving up prices, i.e. gentrification.
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Banking Institutional DistrustFaulty Mortgage Practices Continue to Cause Institutional Distrust…
It’s not just foreclosures and lost property values, but also a lack of trust in institutions left after the housing crisis.
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Energy Efficient HomesConsumers in the market for a new home prioritize energy-efficient features over luxury items.
Home buyers say they would rather have Energy Star appliances than a pool or home theater.
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Housing EconomistsHousing economists: Expect a mixed picture over the coming year, with slower price growth.
It’s murky: Some signs point to a strong real estate boom, said experts at a recent convention of real estate editors. But other signs suggest potential problems.
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Rate Hike & Job MarketYellen: ‘We’ll Be Watching Job Market Carefully’ …Weaker-than-anticipated.
May job growth provided “an opening to withhold a rate hike this month and delay action.

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Recent Housing News

Piggy Bank LoansA Smaller Down Payment, and No Mortgage Insurance Required…  Traditionally, home buyers needed 20% down to avoid the added cost of mortgage insurance. Now there are ways to get around that.

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Modular Row HousesA Modular Take on Row House-Style Residences.  Interesting concept of the cult-classic 1980s video game Tetris forming a structure of individual homes through a system of interlocking blocks.

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Fed Holds RatesFed holds rates, lowers growth forecast…
The Federal Reserve has left interest rates unchanged in response to slowing economic growth and says rate increases will come more slowly than planned.

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Housing Supply3 Reasons It’s Not A Housing Bubble.
Rising home prices and looser credit may make today’s market look like a housing bubble, says NAR’s Lawrence Yun. But it’s different than pre-recession run-ups.
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Housing Inventory CrunchInventory Crunch Likely to Hamper First-Time Buyers.
Spring is a home buying season, but inventory was down 8.2% in January from a year earlier for properties priced below $250,000, according to NAR.

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