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Housing News: A Week In Review

This is a fun time of year here in St. Petersburg, as the Honda Grand Prix roarsHonda Grand Prix of St Petersburg along our downtown waterfront. Make some VROOM in your schedule and check it out… you won’t be sorry.

Here are a few news/feature items happening in the housing industry.

The Real Estate Market Is Back
Money Magazine says… The Real Estate Market is Back!
In the last year, home prices increased in 92 of the country’s 100 largest metropolitan areas
Housing RecoveryRising prices helped lift 1.7 million homes above water in 2012, including 200,000 in the final three months of the year, according to a report released by real estate data and technology firm CoreLogic. http://bit.ly/15Ycvyc
Buying A Home Is Cheaper Than Renting Buying a Home 44% Cheaper than Renting Despite Rising Home Prices
Low mortgage rates have kept homeownership less expensive than renting in all 100 large metros.
Micro ResidencesThe micro unit trend continues. U.S. cities are developing residences under 400 square feet to accommodate more singles, students, and elderly.
Street Lights Of The FutureThe Streetlight of the Future Will Do So Much More Than Light Your Street
It could also catch criminals, broadcast WiFi and… detect meth labs?