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What’s Up With Housing?

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Plenty of people love a good Halloween scare — as long no one gets hurt. And that includes your house.
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Not all mortgages are created equal. A LendingTree study looked at lending competition and found Florida buyers can save serious money by comparison shopping.
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If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
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Hurricane Irma impacted Florida’s Sept. 2017 housing market and economy. With that in mind, 2018 Florida Realtors data finds existing single-family sales up 17% year-to-year, median prices up 4.9%, condo sales up 14.6% and condo median prices up 5.5%.
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Florida led the nation in construction job growth over the past year, according to a new report. Contractors added 70,700 workers to their Florida payrolls, a 14.8 percent growth rate, in the 12 months ending in September.
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A trend in Central Florida’s two major multifamily growth markets may be indicative of a national shift from downtown to suburban markets.
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Due to Hurricane Irma last September, the Pinellas County housing market saw a few large swings in sales & listings year-over-year.
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What’s New With Housing?

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From rooftop decks to custom wood floors, these repurposed shipping containers are anything but boring.
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The The Counselors of Real Estate‘s annual list of industry threats lists rising mortgage rates and the general economy at the top, but it includes long-term issues for the first time, such as a weakening infrastructure and disruptive technology.
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Study: With inventory tight, an entire generation has been forced to consider fixer-uppers, and they’re more comfortable tackling remodeling projects.
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If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
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For the first time since the Great Recession, there are signs of a broad shift in America’s housing market.  Homeownership rates are inching up, while the number of new rental households has declined slightly.
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New Listings for Pinellas County Single Family and Townhomes/Condos UP 8.8%… 1,626 in May 2018 versus 1,494 in May 2017.
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Prefab HousesWhere Are All the Prefab Houses?
Architects, environmentalists and some forward-thinking builders embrace the construction method as the way every home should be built in the future. But modular homes are still a rarity. Why?
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