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What’s Up With Housing?

Happy Presidents’ Day

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Overall, closed sales were slightly down from 2017, but sale prices were up!
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357 on Fifth, a 13-unit condo project, had been planned for 357 Fifth St. S in downtown St. Petersburg has now been scrapped and the property is up for sale for $1.3 million.
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Should a solar lease be regulated as a utility if it “sells” power to homeowners? The state says no, so solar-using homeowners needn’t fear new regulations.
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It takes more than changing the size of a home to change the mentality of the people who live inside.
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Homes need to combine a tight building envelope with mechanical ventilation and air filtration to provide consistently fresh indoor air. Healthy homes also provide optimal natural light.
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Prices continued to rise in all four bay area counties but the rate of increase has been cut in half since 2016, according to figures released Tuesday by Florida Realtors. Sales also lagged.
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Millennial home buyers are taking a long-term view when buying, and also tend to value safe neighborhoods and good schools over walkability and short commutes.


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What’s Up With Housing?

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Blockchain could have a substantial impact across many industries and applications, not least of which is real estate.
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Luxury amenities are trending towards ‘wellness’ and the ultra-wealthy are moving away from business as being their first priority to finding a place of ‘balance.
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“Fixer Upper” star Joanna Gaines knows not only how to make a house look beautiful, but also how to make it smell great.
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Baseball legend Fred McGriff’s Florida home has spent four years on the market, with five agents and two big price drops. From $6.9 to 3.5 million…
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Long gone are the days of closets being relegated to stashed-away space. The closets home pros are designing and homeowners seem drawn to now offer just as much style sense as storage.
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The 400 block of Central Avenue has never seen a building as tall as the Red Apple Group’s proposed tower. Some aren’t ready for that kind of development.
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What’s Up With Housing?

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According to Freddie Mac’s Outlook for Sept., new homes will be a primary driver of sales and slightly higher mortgage rates will dampen price increases. But “the economic environment remains favorable for housing,” says chief economist.
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While far from new, eco-friendly and affordable, shipping containers are gaining popularity as an alternative to traditional houses.
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Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.
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As Congress and the Trump Administration release plans for tax reform, NAR says it will fight to make sure any new tax plan doesn’t discourage homeownership.
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Both on 4th Ave N, The Bezu, is a 24-unit tower close to Beach Drive, and 747 North, an 18-unit project several blocks to the west.


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Housing News: A Week In Review

Cash BuyersHow Home Buyers Can Conquer All-Cash Offers 

http://on.wsj.com/1q8WJZK

The Salvador CondosDeveloper wants to fill void in downtown St. Pete high-rise condo market with lower-end luxury prices starting at $315,000.

http://bit.ly/1uQ3c1b

Millennial Home BuyersStop Saying Millennials Don’t Want to Own a Home!

http://bit.ly/ZO21nm

Home OfficesThe Home Office Goes Upscale… Some high-octane professionals are installing full-time work spaces on their properties.

http://on.wsj.com/ZiOwuV

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