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What’s Up With Housing?

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Affordability and inventory is bleak, but rising interest rates and home prices signal a strong economy.
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The Pinellas real estate market is continuing to see a trend of higher sale prices and a shrinking inventory for both the Single Family and Townhome/Condo segments. The Median Sale Price for Townhomes/Condos was up 14.4% in March 2017. The Median Sale Price for Single Family Homes was up by 8.7% from last year.
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If consumer spending is the grease that moves an economy, the U.S. should keep growing for at least the next six months – the number of survey respondents who expect a loss of income over that timeframe hit an 18-year low.
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More wealthy people seem interested in a Fla. home – and the state’s lack of an income tax – now that the IRS caps local and state tax deductibility at $10,000.
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Public art can spark revitalization in struggling neighborhoods and turn vacant land into a place where people want to live, work and play.
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What’s Up With Housing?

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Building Permits on the Rise in FloridaFlorida Building Permits Rose 20.8% Year-to-Year.
Home construction continues to lag nationwide, but increases in Fla. and the West are being offset by decreases elsewhere, such as New Hampshire’s 43.1% drop.

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Governor Scott Signs Real Estate-Related Bills Into Law.
New laws will boost flood insurance warnings, tinker with HOA covenant and restriction rules, and change the way Fla. regulates and defines “mortgage lenders.”

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The Pinellas County real estate market is continuing to see higher sale prices and homes moving at a faster rate for both the Single Family and Townhome/Condo markets compared to February 2017.
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As more multifamily developers experiment with modular construction, its use is increasing.
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Did you know that St. Pete offers no-interest loans for qualified first-time home buyers and for qualified homeowners who need help to rehab their houses?
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The premium hikes, which are required by law, will be as little as 2% for some properties and as high as 24% for others. The average increase will be about 8%.


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What’s Up With Housing?

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Housing Shortage
The Fed is pre-emptively raising interest rates so the economy doesn’t overheat. But overheating is not the current problem.
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Can the economy support a strong housing market without help from Washington?
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A home inspection can make or break a real estate transaction. See what goes into a home inspection, and whether waiving that condition is a good idea.
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How will we be living in 10 years’ time? Futurist Morris Miselowski tells us his predictions about where and how we’ll be living a decade from now.


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What’s Up With Housing?

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Homeowners in Florida are finding that homes built to the stricter building codes seem to have fared better during Hurricane Irma.
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NAR’s Call for Action ended Friday. While NAR initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone major changes. NFIP now expires in December.
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Florida’s housing market continued its positive track in August, with more closed sales, increased pending sales, more new listings and rising median prices.
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FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings has been waived.
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PRO LogoPinellas County Real Estate Statistics for August 2017
Here’s the Stand-Out Stat for August 2017: Median Time to Sale for Single Family Homes was 63 days down 13.7% from 73 days in August 2016.
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Now that the “big one” has finally happened how can you protect yourself?


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Recent Housing News

Mortgage PaperworkApplying For A Mortgage: Why So Much Paperwork? Here are 2 very good reasons why the loan process is much more burdensome on today’s buyer than perhaps any time in history.

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Underwater PropertiesNumber of Seriously Underwater Properties Drops 525,000 in Q3  A Profile of Homeowners Most at Risk for Being Underwater [VIDEO]

 

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Real Estate MarketsWhy Real Estate Markets Could Quickly Stall…
Real estate is pretty much a numbers game and the two most important figures are home prices and mortgage rates–so what happens when one of those numbers changes for the worse?

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PRO LogoSeptember 2015 Pinellas County Real Estate Statistics Report… Pinellas County real estate continues to hold strong for 2015, even as the typically slower months approach.

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http://www.TitleSecurityFL.com

 

 


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Housing News: A Week In Review

The holiday season is officially upon us… We are very grateful for all wonderful friends and associates and wish all of you a fun and fulfilling Thanksgiving celebration.

Design Memory PointsThanks for the Memories… Design Details That Clinch The Sale – Curb appeal is great, but so are so-called Memory Points: winning design details that make a home linger in memory long after a potential buyer has backed out of the driveway.  http://bit.ly/1eMa1de

Builder ConfidenceHome builders remain confident in housing market…
http://bit.ly/1eeeaUw

 

Pinellas Realtor OrganizationPinellas County Real Estate Statistics report for October 2013     http://bit.ly/1egspZ2

 

Winter Housing BargainsDespite inventory shortages, homebuyers looking for bargains this winter…
Realtor.com survey reveals a surprising number of buyers planning all-cash deals
http://bit.ly/1bRw3s2
 

Florida's Housing MarketFlorida’s Housing Market Continues Positive Track in Oct. 2013   http://bit.ly/1dhY536

 

http://www.TitleSecurity.net

 


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Housing News: A Week In Review

Labor Day 2013

Happy Labor Day Weekend… We wish all our friends, family and associates a
Fun and Safe celebration.

Underwater Loans | Negative EquityMore emerge from the crush of underwater loans, but there are still many with Negative Equity
http://bit.ly/17oafCl

 

All-Cash HomebuyersFlorida Leads the Nation with 66% of Homes Sales Being All-Cash

http://bit.ly/16Ve1Pi

 

Pinellas Realtor OrganizationPinellas County Real Estate Statistics report for July 2013…  http://bit.ly/1ccUfUG

Summer months are typically “slow” but activity has remained steady.

 

Foreign Buyers Drive Florida's Housing RecoveryForeign Buyers Drive Florida’s Housing Recovery…
http://buswk.co/16NMJhd

The Florida real estate market gets a boost from foreign cash.

 

http://www.TitleSecurity.net