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What’s New With Housing?

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It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options.
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34% of those who purchased a home were unfazed by price and rate hikes, 51% didn’t pay above asking price, and 42% only made one or two offers, according to realtor.com.
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If you are one of the many homeowners across the country who hasn’t quite found their forever home, now may be a great time to list your house for sale and find your dream home!
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After designing an incredibly cheap home, the 20K Initiative is now working with Fannie Mae and others to redesign mortgages and other factors that make home ownership so expensive.
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Be sure serious buyers and sellers understand the difference between the competing home price estimators — and recognize how they’re different from an actual appraisal.

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Recent Housing News

Take a look at the Skyway Marina District’s New Sizzle Reel.

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Millennial Home BuyersMillennials in Tampa Bay are starting to buy houses and that’s going to revolutionize real estate.
However, here locally, high demand coupled with low supply means millennials can find themselves in fierce competition with other buyers for nice, affordable houses in popular areas.
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Florida Association of RealtorsFlorida Consumer Confidence Ticks Lower Before Election.
Consumer sentiment among Floridians declined 1.5 points in October to 90, according to the latest UF survey. The reading is the last one before Tuesday’s election.

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Housing And The CandidatesHow housing would fare under Clinton, Trump.
For an election supposedly based on the economy, housing policy has been egregiously absent from the rhetoric. Here’s what we do know.
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Will Interest Rates Rise?Fed Signals It’s on Track to Raise Rates in December.
The central bank held steady on rates, but its statement reinforced expectations that officials do not plan to wait much longer to raise them.

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Home ImprovementsFix These 10 Things That Are Hurting Your Home’s Value
Make sure to take care of some easy DIY repairs that could turn off prospective buyers.
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http://www.TitleSecurityFL.com

 


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Interesting Housing News

Higher Interest RatesShould I Pay a Mortgage Interest Rate over 4%? 
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.

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Building EquityThinking of Buying a Home? Equity Matters A LOT…  Building equity is a critical part of homeownership and can help you create financial stability.

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Lux Condo Marketing PlanWill a Retail Gimmick Work for Selling Lux Condos? Do you think the “buy-a-pair, give-a-pair” business model be successful with housing?

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FHA & CondosThe FHA has, for a long time, had to deal with complaints about their condo standards.  RealtyTrac.com explains, they’ve loosened the way the owner-occupancy percentage is calculated, which could open up the condo market.

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Home Trends That May Not Work5 Home Trends That Might Not Always Work.
Just like in the world of fashion, builders and their clients shouldn’t blindly follow trends when it comes to home design.

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http://www.TitleSecurityFL.com