What’s Up With Housing?

Happy Presidents’ Day

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The 2018 Year-End Pinellas County Single Family Home Market Statistics Reports have arrived.

Overall, closed sales were slightly down from 2017, but sale prices were up!

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Plans For Downtown St. Pete Condo Project Withdrawn.

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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Florida PSC Says it Won’t Regulate Tesla’s Solar Leases.

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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The Complexities and Contradictions of Tiny Home Living.

It takes more than changing the size of a home to change the mentality of the people who live inside.

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Building for Health and Well-Being…

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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Tampa Bay Housing Prices Rose in 2018 But Not Nearly as Much as They Had Been.

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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Millennials Are Undeterred by Fixer-Uppers.

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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http://www.TitleSecurityFL.com

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What’s Up With Housing?

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These Tampa Bay area ZIP codes have had the most houses sell recently.

Check out the slideshow for which ZIP codes saw the most homes sell, as well as the average and sale prices for each ZIP code.

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Should Housing Fear a Price Correction?

The short answer: No, according to a JPMorgan study. Sharp housing price corrections are rare, they say, even after a large run-up in home prices.

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Tesla Installs First Solar Roofs
The roofs were first announced last October, with online orders beginning in May. The carmaker’s new solar roof tiles are made to resemble regular roofing.
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Homeownership Rate Rebounds from 50-Year Low
Good news for Real Estate… The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing.
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Florida Consumer Confidence Rises 1.5 Points in July
Consumer sentiment among Floridians hit its second-highest level since 2002. Of the five components that make up the index, three increased and two decreased.

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http://www.TitleSecurityFL.com

 

What’s Up With Housing This Week?

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Developers 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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2 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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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 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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Tampa 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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http://www.TitleSecurityFL.com