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What’s Up With Housing?

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Zillow maintains that more than half the homes it lists sell within five percent of the home value “Zestimates” it gives for them. The Tampa Bay Times looked at 20 houses for sale on both sides of bay to see if that held up.
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People tend to be too optimistic about rental rates, vacancies, management fees, maintenance costs and home value increases.
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With so many generations to serve in Florida’s increasingly attractive housing market, how can developers be sure their product supply will appeal to their target audience?
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The federal consumer bureau says it’s okay for lenders to share buyers’ Closing Disclosure with agents, and it’s announcing soon the how-to-do-it details.
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Report: The number of homeowners (about 1.8M) who still owe more on a mortgage than their home’s current value has hit its lowest point since 2006.
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What’s Up With Housing This Week?

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Please Save This Date:  April 25th, 9:30am Coffee Corner — How to Read and Understand a Title Commitment

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ALTATitle companies want federal help to fight wire fraud.
The title association says it has warned buyers about scammers who steal closing money – but it’s not enough. It’s asking the U.S. consumer bureau to help.

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Vacation HomesVacation Home Sales Take a Dive
Higher prices, lower inventory drive market down sharply.  “With fewer bargain-priced properties to choose from and a growing number of traditional buyers, finding a home for vacation purposes became more difficult and less affordable last year.”
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Can Waiting to Save for a 20% Down Payment Cost Homebuyers Money?
2 out of 5 potential buyers think they need a 20% downpayment. They don’t. But what’s a good savings goal? A new calculator helps show potential buyers it’s not out of reach.

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Mortgage lenders are optimistic about 2017.
Survey: Independent lenders believe Gen X and millennials offer growth opportunities. They expect more jumbo loans and buyers who plan to make rental money.

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Large HomesAre Large Homes Damaging the Character of St Petersburg Neighborhoods?
St. Pete staffers are considering major changes to its zoning rules to protect its bungalow-style neighborhood from being crowded out by larger homes.
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Interesting Housing News

 

Independence Day

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Quicken LoansDid you know that Quicken Loans now offers 1% down mortgages?
They’ve been flying under the radar with its 1% down mortgage, which it began nearly six months ago.
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Florida Association of RealtorsHave a Lower Credit Score?  Apply For a Mortgage.
It seems illogical: Lenders say they’ll now approve loans to buyers with lower credit scores, but the average score of people actually approved continues to rise.
There’s no reason to be a no-show in the home purchase market if you know where to target your application.
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BREXITBREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?
The UK’s exit from the EU almost certainly guarantees interest rates will remain low (and possibly go lower) over the next few months. The cost of money may never be better for a potential buyer.
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Vacation Home BuyersWhy 2016 could be the year Canadians start buying more US vacation homes…
Home prices are rising faster in Canada than they are in the US, and the National Association of REALTORS® says more Canadian buyers will snap up stateside vacation properties as a result.
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Rent or Buy?The Age Old Question: Rent or Buy?
Potential home buyers must decouple “investment” from “consumption” in order to make the best decision for themselves.

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http://www.TitleSecurityFL.com

 


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Recent Housing News

 

Floor Plan NinjaRealtors: How would you like a Ninja as a reliable friend?
Please come to Tuesday’s ‪‎Coffee Corner‬ and learn how Floor Plan Ninja can make you more successful.

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Home Equity PostGreat News! Florida consumer sentiment rises in March.
The biggest spike was in Floridians’ one-year expectation for personal finances, which rose 6.1 points. Overall, the index was 1.6 points higher than in Feb.

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Dream HomeMore & More Singles Are Falling For Their Dream Home  

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Millennial HomebuyersHow Boomers Can Appeal to Millennial Home Buyers…
Showing that the property can accommodate a party and is tech friendly are a few ways to appeal to younger house hunters.
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Housing Forecasts5 Forecasts for Housing Over the Next Five Years.
National Residential Economic Report sees a mostly healthy housing market, with a few caveats.
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Improving Housing MarketThe Housing Market is Poised to Continue Improving…

Analyst expects more sellers to enter the market as prices rise, easing inventory shortages.

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Vacation & Investment Home 2016 SurveyVacation Home Sales Slow Down, While Investment Sales Surge.
Prices rise for both as an inventory squeeze becomes apparent. The South, particularly Florida, was the most popular destination for vacation buyers.
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Home CreditMortgage lending grew by 43% in 2015.   Contrary to some fears that the Consumer Financial Protection Bureau’s new disclosure rules would severely dampen mortgage lending in 2015, a new report from Equifax shows that exactly the opposite took place, as mortgage lending grew by a drastic margin in 2015.
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Interesting Housing News From The Past Week

Memorial Day

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What Millennials Want In A CitySix Degrees of Migration Motivation: Do You Know What ‪Millennials‬ Are Looking for in a City?

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Consider Family Dynamics When Selling A HomeIt is Very Important to Focus on Family Dynamics When Selling a House. Families are now looking for very different floorplans and features than even a decade ago.

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Buying An Investment PropertyDo You Know What’s Involved When Buying an Investment Property?  The idea of renting out a vacation home so that it pays for itself may work out on paper. But the realities of the mortgage, insurance, taxes and upkeep can change the calculation.

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Bathroom Design TrendsThe top 10 overall bathroom design trends NKBA expects for 2015
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New Home FeaturesThe 10 Features You Will and Won’t Find in a New Home.  What builders are focusing on speaks to how we are living our lives.

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Interesting Housing News From the Past Week

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Wellness CommunitiesIs Wellness the New Green?
Green Homes Are So 2010: The Future Is Wellness Communities

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Shipping Container HouseShip Shape: Homes at a Fraction of the Cost.  “What’s the one thing you wish you’d known before you built your shipping Container Home?”

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Do Millennials Understand Mortgages?Millennials Appear Not to Understand Mortgages…  Seems They’re OK With That.

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Housing Bubble‘This is no housing bubble’.  Don’t fear today’s rising home prices, says economist. There are differences since the real estate meltdown – it’s mostly a post-recession price correction.

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Buying A Vacation Home6 things to consider before you buy a vacation home…  Do you want to jump on the vacation home bandwagon? Consider these factors first.

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Housing News From The Past Week

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Millennial HousingHow Millennials in their 30’s are redefining urban and suburban living…   Millennials are aging out of their 20s. How will cities and suburbs respond to be livable for everyone?

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Hottest Housing MarketsHousing Demand and Median List Prices Surge, Indicating a Seller’s Market  Tampa-St. Petersburg-Clearwater market is one of the 20 hottest markets in the U.S. based on the number of listing views relative to the number of listings when looking at March data and website traffic.

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Vacation Home SurveyThe Desire to Own a Vacation Home is Growing. Vacation home sales boomed in 2014 to above their most recent peak level in 2006.

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Parents Helping With Home Purchase

Are you thinking about helping your children buy a home?  Here are some factors you should weigh when participating in the purchase.

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http://www.TitleSecurity.net