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What’s Up With Housing?

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A quarterly survey of 100 real estate economists found that 43% expect a buyer’s market to return in 2020, and 25% think it will happen before the end of 2019. However, 18% predict 2021, 6% pick 2022 and 9% think it will take longer.
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Statewide, home flips accounted for 5.7 percent of all home sales in the period, down 18 percent over the year and the 10th highest rate in the U.S.
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Don’t wait until disaster strikes to find out if your homeowners insurance policy has you covered. Discover the surprising truth about perils that are not included in a standard policy, and learn how to minimize your risk while saving money on premiums.
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Researchers and real estate experts say people are aware of potential risks in smart homes — and are willing to accept them.
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If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
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Few residents knew that garage doors present a major risk; that generators silently kill; or that cleanup costs can be prohibitive even with homeowners insurance.
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New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally.

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Housing News of Interest

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Pinellas Realtor OrganizationPinellas County Real Estate Stats: August 2016
As summer starts to transition to fall, we continue to see the market heating up. This past month has shown us some hot stats and we are excited to share some of the highlights of the Pinellas County Housing Market.

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New HomesDon’t Fall Prey To Conventional Housing Market Wisdom.
There are people who are still devoted to getting our nation into the same housing predicament that led to the housing market collapse and the Great Recession. Don’t believe the hype.

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Mortgage FraudMortgage fraud rising most in low-downpayment loans.
Mortgage fraud is slightly on the rise right now, so it’s an area industry experts say needs a close watch because it takes a long time to uncover.
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Skyway Marina DistrictRebuilt 55,000 SF Publix highlights new retail options coming to St. Petersburg’s Skyway Marina District.
For shoppers missing their neighborhood Publix near the Sunshine Skyway bridge and Pinellas Bayway, the wait is almost over.
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Negative EquityThe ‘new housing crisis’ is already slowly being solved.
Negative equity is improving even in the states that suffered the most in the housing crash.
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Condo LegislationChallenge Remains for FHA Condominium Financing.
HUD released rules on condo financing that could open up more Florida units to first-time buyers, but NAR says a still-high owner-occupancy threshold needs work.
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