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What’s Up With Housing?

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Homeowners associations can institute some ridiculous rules—and some of them can veer into illegal territory.
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Sur Club in St PetersburgSt. Pete’s Newest Emerging Neighborhoods.
Clusters of businesses, housing, academic institutions and agencies focused on marine science, healthcare and innovation are at the center of two emerging neighborhoods.
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Overall, the residential land market in Florida is very strong as a result of the improving economy, combined with the continued influx of almost 1,000 people per day to the state.
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Efforts to reduce costs, increase efficiencies and incorporate innovation, technology and data are expanding the use of alternative valuation methods.
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Respondents claimed their favorite green features were recycling, smoke-free buildings, and walkability, while the most requested green features were recycling and composting, solar panels, and community gardens.
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What’s Up With Housing This Week?

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34th Street CorridorDevelopers Say St Pete’s 34th Street Corridor is Brimming with Economic Potential.
In the past, this thoroughfare has long been known as a busy yet unappealing stretch of commercial roadway.

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Rising Home Prices2 Out of 3 Buyers Believe Home Prices Will Rise
A Gallup poll finds that 61% of U.S. adults expect home prices to continue rising over the next six months – a new high for the annual survey.
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Housing Bubble? No!3 Reasons the Housing Market is NOT in a Bubble…
Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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Tesla's Solar Roof TilesTesla’s Solar Roof Tile Systems Hit the Market
The company is taking $1,000 deposits on the virtually “invisible” systems, which it will begin installing next month.The company offers an “infinity” warranty on its tiles that integrate solar power into roof coverings. Tesla has published a web tool that can estimate costs and savings.

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First-Time HomebuyersTampa Bay is Nation’s Second Best Metro for First-Time Homebuyers.
For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers.
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Recent Housing News

 

Remembrance Day

Skyway Marina District300 Market-Rate Apartments, 25,000 SF of Retail and Restaurant Space on 9-Acres Coming to a South Pinellas Site.
Efforts by St. Petersburg officials to bring a live-work-play environment to The Skyway Marina District are gaining momentum, as Phillips Development & Realty LLC moves ahead with plans for a mixed-use project.

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Taking Title in Florida6 Ways to Take Title of Florida Real Estate.
Who holds title to a property can affect property, income and estate taxes, the ability to transfer title and probate in the event of death.

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Features In New Homes10 Features Builders Are Most and Least Likely to Include in a Home Built This Year.
Whirlpool Bathtubs Are Losing Out in New Homes.

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Florida 2017Florida’s 2017 Outlook Strong, Economists Say.
The Florida economy is poised to continue its strong run of growth into next year based on maintaining momentum in job growth, home building and tourism.

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Housing AffordabilityThe Truth About Housing Affordability.
From a purely economic perspective, this is one of the best times in American history to buy a home.
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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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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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St Petersburg Development News

Lots of new and exciting developments happening in our wonderful City.

Skyway Marina DistrictNew look for key business corridor in south St. Petersburg.
Mayor Rick Kriseman has put a turnaround plan for the district high on his priority list, including closing a retail trade gap created when nearby residents leave the district to shop in other areas of St. Petersburg or outside the city.

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St Petersburg PierExplore the Pier.  Get to know the new Pier with their interactive map. Learn about the concept and all there is to do and enjoy at what will become the city’s newest waterfront park and attraction.

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880 ConwayThe 801 Conway project in downtown St. Petersburg designed to help millennials buy a home.  The project will house 35 two- and three-bedroom units that start in the high $200,000s.  Tremendous concept and marketing plan.

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Liv233New Townhome Project Liv233 is planned for 4th Ave N. Liv233’s three units have similar floorplans and will be priced just under $1 million each.
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Skyway Marina DistrictCeridian and the Skyway Marina District are a great fit for fast-growing, forward-thinking firms.
“I have no doubt that like-minded companies will move quickly to take advantage of the great opportunities available in this resurgent, business-friendly district.”
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http://www.TitleSecurityFL.com