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What’s Up With Housing?

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Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
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The housing market is not falling apart. We are just returning to a more normal market which, in the long run, will be much healthier for you whether you are a buyer or a seller.
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It’s not a news flash to learn that Millennials—people born between 1977 and 1996—love living in the city. But what cities and urban areas in particular do they favor?
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Early signs of a softening market, after years of sellers having overwhelming control, signal even more seller struggles into the future.
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While AI is poised to make a splash in transportation, medicine, manufacturing, and consumer tech in coming years, it also has the potential to disrupt the apartment leasing industry.
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Urban Land Institute’s survey predicts continued economic expansion, but lower rate of returns growth on CRE for the next three years.
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What’s Up With Housing?

 

Demand for single-family homes declines along with fertility rates, and changing U.S. demographics could boost demand for townhouses and condos.
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Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings.
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Tuesday’s topics of discussion ranged from how to tackle the homelessness epidemic in major U.S. cities to whether crowdfunding has a place in the commercial real estate industry.
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Tampa Bay has more zombies — of a certain kind — than most anywhere.


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Interesting Housing News

First Time HomebuyersFirst-Time Buyers Are Coming Back! (Gradually…)
A key group that has been conspicuously absent from the entry level housing market is Generation Y.

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Real Estate Trends4 Big Real Estate Trends… What trends could impact real estate? The Urban Land Institute suggests mortgage rate uncertainties and Gen X’s transition into real estate leadership positions.  Full Study
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Tesla PowerwallTesla Powerwall Debuts in Australia… The company designated Australia a “prioritized market” due to its high number of solar energy users.

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Tight Mortgage RulesOverly Tight Mortgage Rules Deep-Sixed 5.2 Million Mortgages From 2009 to 2014.  Due to tight credit standards 5.2 million mortgages were prevented, depriving families of access to the American Dream.

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Top Home Features 2016The 10 Hottest New-Home Features…
A National Association of Home Builders survey shows the 10 features builders identify as the ones they’ll most likely include in their new single-family homes in 2016.

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Housing News: A Week In Review

Home BuyersMore Americans Confident About Home Buying
* 52% of respondents thought it would be easy for them to get a home mortgage today
* 70% of respondents said they would buy if they were going to move
http://bit.ly/1cV6SCE

 

Pinellas Realtor OrganizationNew listings, active listings, closed sales, new pending sales, median sales price, and inventory are all up over last year. http://bit.ly/1dXp7vs

 

Downtown St Pete 10 Years AgoUrban Land Institute panel issues final report on vision for St. Petersburg, Florida

http://bit.ly/1kSwrwk

 

student debtRising Student Debt  threatens U.S. housing recovery…

http://wapo.st/M9nOOG

 

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Housing News: A Week In Review

The Amazing Pennant Race… We’re so proud and excited about our Tampa Bay Rays reaching the Post Season.  GO Rays!

Gov Rick Scott Discusses Flood InsuranceVIDEO: Governor Rick Scott blamed President Obama for a flood insurance crisis now gripping the Tampa Bay area. http://bit.ly/GEICvF

Mortgage market built to withstand government shutdownMortgage market built to withstand government shutdown
http://bit.ly/19kowNa

Upscale HomeownersUpscale homeowners want to be wired, and have open floor plans. Flexible spaces, tech-savvy features and outdoor-oriented living are popular with well-to-do U.S. homeowners, a pair of recent surveys show.
http://lat.ms/Gzxwb1

ULI Making Recommendations for St. Petersburg's WaterfrontUrban Land Institute panel says St. Pete downtown and waterfront is great, but could be better.  http://bit.ly/19rs7cv

 

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