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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 In Housing

Merry Christmas

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Tampa Bay Home Prices Continue to SurgeHome sales surge again in Tampa Bay as prices continue to climb
Tampa Bay home sales showed huge year over year gains in November while prices in Pinellas, Pasco and Hernando counties also jumped dramatically.

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10 Benefits of HomeownershipThinking of Buying a Home? Here Are the Top 10 Benefits of Ownership…
It’s a lot of work to buy a home, but millions of Americans do it. Why? The positives outweigh the negatives for most people who plan to stay five years or more.

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Labor ShortageMore home buyers, fewer construction workers trends look to continue in 2017.
An increase in demand for both new construction and existing houses will most likely be impacted by the continued shortage of construction labor.
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Positive Housing ResultsFlorida Home Sales Rise 12.8% from Last November.
Median price of single-family home rises 10% to $220,000.
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Condo Trends3 Up-and-Coming Condo Trends
Buyers want distinctive amenities without having to leave the property.
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http://www.TitleSecurityFL.com

 


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Interesting Housing News From The Past Week

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Tampa Bay Housing DemandTampa Bay leads the state in home sales as prices jump 13.6%
The greatest demand continued to be for houses under $300,000, eagerly sought by first-time homebuyers.

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Millennial HomebuyersFreddie Mac: Pay no attention to the homeownership rate
People who worry about the homeownership rate’s 50-year low forget demographics. Millennials may be late to the party, but that doesn’t mean they aren’t coming.
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FICO ScoresDon’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750.
Potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.

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Real Estate News SpinReal estate news often confuses homeowners.
Reading or watching real estate news can make a homeowner’s head spin. In one day, they might hear that mortgage rates rose, sales fell and prices stagnated.

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Home Buyer DemandHome Buyer Demand Remains Strong in September
Sales, as usual, retreat from August but hold up against the same month last year.
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Retirees Want Walkable, Urban Communities...Retirees Want Walkable, Urban Communities…
Interesting look at the shift of retirees from isolated gated sub-divisions or large home on golf courses to walkable urban communities.

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http://www.TitleSecurityFL.com

 


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Interesting Housing News

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Lavish BathroomsThe Master Bathroom is the New Focal Point of the Home.
The mater bathroom continues to become more lavish as homeowners renovate their space. Homeowners are opting to upgrade their master bathrooms over other rooms in the house, even kitchens.
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Housing MarketThis will be the best summer for the housing market in a decade.
Following the strongest spring in 10 years, the residential real estate market should continue to see growth throughout the summer despite some growing economic headwinds.
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Florida Association of RealtorsAll Florida condos need sprinklers or vote to opt-out by January 1st.
The Florida agency regulating condominiums says all condos – not just high rises – must have fire sprinklers installed unless owners vote to opt-out of the requirement before the end of 2016.

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Tampa Bay Housing MarketTampa Bay property values are finally healthy.
Property values are also growing at a safer pace instead of the dangerous double digit annual gains that led to the unsustainable housing peak in 2007.
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Flipping HousesInvestment flips: What to know about a fixer-upper.
Investing requires a leap of faith and a vision. Turning a real estate lemon into lemonade requires skills, a realistic financial outlook and lots of patience.

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http://www.TitleSecurityFL.com