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What’s Up With Housing?

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Hurricane Michael’s damage to property in the Florida’s Panhandle region will provide a fresh test of the state’s unusual property insurance market.
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When many of the homes on the Panhandle were built, the state had a patchwork of codes from which some buildings here were exempt.
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As IBM’s Watson adds its computational power to construction sites, tech sees an industry in need of an upgrade.
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This cycle is different, in part because construction never took off and an inventory shortage remains. Worst case scenario: Stagnant prices for a year or two.
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The Neighborhood Assistance Corp. of America is hosting events around the U.S. to help buyers with low credit scores get home mortgages with low interest rates.
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Raise your hand if you’ve seen this: After an inspector has finished a home report, buyers look terrified and seem overwhelmed by supposed flaws that have been found. Recommend they take a deep breath and ask these questions.
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What’s Up With Housing?

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J.D. Power survey: Overall satisfaction with homeowners policies is at an all-time high, but too few people understand what their policy does/does not cover.
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“This place has good bones”: Home buyers are apt to hear this phrase when they’re touring homes. But what does that mean, exactly?
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Described as a collision of rich blue with jewel-toned green, a color that is both accessible and elusive.
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The newly proposed tax plan includes such things as increasing the standard deduction.
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A mortgage with no down payment seems a little bit like scoring a buy-a-home lottery ticket. You get a home loan and keep more money in your pocket.


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Housing News: A Week In Review

Another beautiful weekend here in sunny St. Petersburg.  Our thoughts are with our friends in the northeast having to endure another big storm.

No Money Down MortgagesNo-money-down mortgages are back…  Some affluent buyers are getting the keys to their new home without putting a penny down.
http://on.mktw.net/XadG8C

Short Sale MythsShort Sales – 10 Common Myths Busted… There are some huge misconceptions when it comes to a short sale vs. a foreclosure.   http://bit.ly/YMlles

 

Best Day To List A HomeWhat day of the week is best for listing a home?  Properties listed on one particular day of the week sell faster and come closer to the asking price than homes sold on any other day of the week.
http://on.wsj.com/Xs0sEh

Focusing On SuccessSuccess requires a singular focus…  How do you avoid being misled and derailed by distractions?
http://bit.ly/WKIOgT

 

Forclusure RegistrySt. Petersburg wants to create foreclosure registry… The registry would require banks to list who will keep a foreclosure from falling into disrepair.  http://bit.ly/WVMpc9

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