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What’s Up With Housing?

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Owning a home has always been, and will always be, better from a financial standpoint than renting.
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Second cut to state’s biz rent tax in as many years takes effect Jan. 1, 2019. Combined with last year’s cut, some Florida businesses will be saving nearly $100M each year.
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12% of millennials surveyed cited “rising rents” as the trigger that sparked them to become homeowners, while 17% said family needs; for 55+ buyers, 20% said privacy. Overall, 44% want a three-bedroom home, and 93% want at least two bathrooms.
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A new report from a federal watchdog finds that the Federal Housing Administration incorrectly insured approximately 9,507 borrowers who were actually ineligible.
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This marks seventh-consecutive month of home price increases nationwide.
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Every year that passes, the more population patterns are starting to look like the old sprawling dynamic serving suburban and exurban demand.
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Recent Housing News

Sustainable HomesAnother Inconvenient Truth. It’s time to get past the ‘home buyers won’t pay for it’ mindset when it comes to making homes sustainable … they are paying for it, now or later.

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Number of First-Time Home Buyers FallsNumber of First-Time Home Buyers Falls to Lowest Levels in Three Decades. Figure represents third straight annual decline and lowest percentage since 1987

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Millennials Living at HomMillennials Are Just as Likely to Live With Parents as to Own a Home

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Groovy New Tiny House with Full-Size Appliances Can Sleep 8Groovy New Tiny House with Full-Size Appliances Can Sleep 8.  Remember the Escape Traveler, the fab new mobile tiny home with major amenities like a full-size oven and bathtub? Well, the maker of the Escape Traveler has just launched an even more spacious version.

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Construction Forecast 2016Chief economists for the NAHB, ABC and AIA offer mostly optimistic views for 2016.
*A 7.4% growth in nonresidential construction in 2016  *Big growth in the single-family sector due to pent-up demand.
*Improving job market

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First Time BuyersZillow offers up an analysis of just who exactly today’s First-Time Home buyer is, and finds that they’re typically older, focused on condos, and increasingly able to score a loan with a lower credit score.

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http://www.TitleSecurityFL.com


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Housing News: A Week In Review

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Millennial’s Perspective on Commercial Real EstateA Millennial’s Perspective on Commercial Real Estate.  How is Gen Y going to use technology to affect the industry’s brokerage side? What’s the impact on commercial real estate?

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Homebuilder Labor ChallengesHomebuilders take a ‘beating’ from lack of labor…  They claim there is good demand, but they also complain being handcuffed by a lack of skilled labor.

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Dominos FallingWhat do you think Know Before You Owe‘s one major flaw is?

 

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City Living -- Millennial StyleMillennials Will Live In Cities Unlike Anything We’ve Ever Seen Before.  They want to be invested in where they live in a way that their parents were not. Whether it’s driving changes in the suburbs or revitalizing a smaller city.

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HousingWill Housing Fill its Longtime Role as Engine of the Economy?

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http://www.TitleSecurity.net 


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Housing News: A Week In Review

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Staging Your HomeDoes home staging help? Most Realtors say ‘YES’

81% think it helps buyers visualize living in a home, 46% say it encourages live visits, and 45% believe it can increase value.

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Supply Creating DemandHousing Paradox: A classic case of supply creating demand.
Are you experiencing the same in your market area?

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Is Renting a $700,000 Millennial Miscalculation?Is Renting a $700,000 Millennial Miscalculation?  Most millennials say they’d rather rent than buy a home.

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http://www.TitleSecurity.net