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What’s New With Housing?

July 4th

Outdoor ShowerWhat Buyers Want in Summer Features.
A pool, a fire pit, a BBQ, a dock? Yes, but the outdoor shower bests them all.  A new analysis from realtor.com® shows homes with amenities geared toward summer activities have major appeal for buyers.
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First-time buyers can take as much as $10K out of their retirement fund to buy a home – $20K if a couple is purchasing – provided they follow the rules.
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Robot BuildersWith Construction Workers Scarce, Builders Turn to Robots, Software.
A new generation of prefabricated housing that bears little resemblance to the modular homes of old is among several technologies homebuilders are embracing to cope with the worker shortage. They’re also starting to deploy bricklaying robots and software programs that allow them to avoid miscommunication and delays.
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Some companies that provide student housing say they have seen a shift away from over-the-top amenities that were popular with off-campus renters a few years back.
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It can be hard to keep up on all the popular trends, so Houzz has put together a list of the most popular bathroom trends, ranging from timeless classics to new styles.
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From personalized wellness programs to fitness-focused apps, luxury homes are focusing on making residents feel better.
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What’s Up With Housing?

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Museums, apartments, condos, a new police station and a dozen other projects mark one of the biggest downtown building booms in St. Petersburg’s 130-year history.
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“Peak Millennial” doesn’t mean what it used to, because Millennials are getting older. And even still, they’re sticking around cities more than older generations.
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Why developers are embracing this growing segment of the luxury condo market. Toll Brothers has made a practice of stretching its brand to accommodate its customers’ shifting tastes.
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UF’s consumer index rose an average 4.6 points in 2017, even though it dropped 1.4 points in Dec. Floridians were “far more optimistic in 2017.”
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More and more affordable housing developers are considering modular construction for their developments because of the time and cost savings prefabricated building can yield.
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Optimistic 2018 Construction Forecast Tempered by Worker Shortage.
The construction industry is expected to continue to grow in 2018, but Florida construction firms face issues of worker shortages and outside competition.
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Freddie Mac says the average rate on 30-year fixed-rate mortgages dropped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%.


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What’s Up With Housing This Week?

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Millennial House HuntingHouse Hunting in Florida, Millennial Style…
Millennials are a strong, and growing, segment of the home real estate market, but they approach the task differently than their parents do.
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SustainabilityImproving Building Performance Through Initiatives, Incentives, and Mandates.
Several U.S. cities offer design- and code-related programs to encourage architects and developers to pursue sustainability more vigorously.

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HomeownershipIs America Shifting From Renting Back to Owning?
Homeownership rate ticks up in 1Q, much more than renter households.

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Design Ideas3 Design Schemes That are Heating Up This Summer
It’s important to stay focused on the purpose of home improvement. Be prepared to suggest both classic and off-the-wall ideas to help your client manifest their design dreams.

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Construction Labor ShortageConstruction Industry Still Missing Workers.
This lack of workers has become one of the “under-reported factors” behind the rise in home prices.

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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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Flood InsuranceNeed Flood Insurance? It Expires in 6 Months.
On Sept. 30, the national flood insurance program officially ends, which could create a dilemma for homeowners and buyers. The National Association of REALTORS® is working with federal regulators to extend and improve the program, but challenges lie ahead.

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Labor ShortageTampa Bay contractors expect uptick in projects but scarce labor…
81% of contractors in Hillsborough and Pinellas counties anticipate an uptick in sales over the next six months, but just under 23 percent are confident they can find labor to complete projects.
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Florida Consumer ConfidenceConsumer Confidence Among Floridians Rises to 15-year High.
Florida Consumers last month were the most confident that they have been since 2002, long before the onset of the Great Recession triggered a prolonged slump.
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Mortgage Rates FallThe Average 30-year Mortgage Rate Falls to 4.10%.
Long-term U.S. mortgage rates fell for a 3rd straight week and are approaching low points for the year. Most experts predict rates will remain steady.

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Homebuyers and SustainabilityBuyer Interest in Sustainability is Rising.
More than half of Realtors find that consumers have interest in real estate sustainability issues and practices. As this interest grows, Realtors understand the necessity of promoting sustainability in their real estate practice, such as marketing energy efficiency in property listings to home buyers.

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http://www.TitleSecurityFL.com


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What’s Up In Housing

Merry Christmas

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Tampa Bay Home Prices Continue to SurgeHome sales surge again in Tampa Bay as prices continue to climb
Tampa Bay home sales showed huge year over year gains in November while prices in Pinellas, Pasco and Hernando counties also jumped dramatically.

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10 Benefits of HomeownershipThinking of Buying a Home? Here Are the Top 10 Benefits of Ownership…
It’s a lot of work to buy a home, but millions of Americans do it. Why? The positives outweigh the negatives for most people who plan to stay five years or more.

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Labor ShortageMore home buyers, fewer construction workers trends look to continue in 2017.
An increase in demand for both new construction and existing houses will most likely be impacted by the continued shortage of construction labor.
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Positive Housing ResultsFlorida Home Sales Rise 12.8% from Last November.
Median price of single-family home rises 10% to $220,000.
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Condo Trends3 Up-and-Coming Condo Trends
Buyers want distinctive amenities without having to leave the property.
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http://www.TitleSecurityFL.com