According to ATTOM Data Solutions’ Q3 2017 Pre-Mover Housing Index, the U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 — predictive of strong sales activity in the fourth quarter — were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee.

Residential News » Irvine Edition | By Monsef Rachid | December 12, 2017

The top five markets — among 123 total metro areas analyzed for the report — all posted a pre-mover index of 196 or higher. Other markets in the top 10 for highest pre-mover index in the third quarter were Reno, Nevada (189); Tampa-St. Petersburg, Florida (188); Las Vegas, Nevada (180); Jacksonville, Florida (179); and Kingsport-Bristol, Tennessee (178).

Among the same 123 metro areas analyzed for the report, those with the lowest pre-mover indices in the third quarter were Rochester, New York (35); Akron, Ohio (47); Myrtle Beach, South Carolina (47); Providence, Rhode Island (52); and Cleveland, Ohio (52).

“Markets that offer the best upward mobility potential both for prospective first time homebuyers as well as current homeowners who want to move up are those with the

“Home buyers are most likely to move — and homeowners are more likely to move up — in markets with plenty of available jobs along with a reasonable supply of homes for sale,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “Markets with this enviable and increasingly rare combination of jobs and housing inventory tend to be in secondary and even tertiary markets that are somewhat off the beaten path. Even in more mainstream markets, the counties with the highest pre-mover indices tend to be in outlying areas where more inventory is available or can be built.”

Top pre-mover counties post lower unemployment rates, slightly weaker wage growth

Out of 331 U.S. counties analyzed for the report, 213 posted a pre-mover index above the national average in the third quarter. The average September unemployment rate in those 213 counties was 3.8 percent, compared to an average unemployment rate of 4.2 percent in the 118 counties that posted a pre-mover index below the national average in the third quarter.

Weekly wages grew 6.4 percent from a year ago on average in the 213 counties with a Q3 2017 pre-mover index above the national average while average weekly wages grew 6.5 percent from a year ago on average in the counties with a Q3 2017 pre-mover index below the national average.

Highest share of second home pre-movers in Myrtle Beach, Asheville, Daytona Beach

Among 123 metropolitan statistical areas with at least 100,000 single family homes and condos and at least 100 pre-movers in Q3 2017, those with the highest share of pre-movers indicating interest in second home purchases were in Myrtle Beach, South Carolina (14.2 percent); Asheville, North Carolina (10.7 percent); Deltona-Daytona Beach-Ormond Beach, Florida (10.3 percent); Atlantic City, New Jersey (9.6 percent); and Cape Coral-Fort Myers, Florida (9.4 percent).

Highest share of investment home pre-movers in Memphis, Jackson, Boulder

Among 123 metropolitan statistical areas with at least 100,000 single family homes and condos and at least 100 pre-movers in Q3 2017, those with the highest share of pre-movers interested in investment property purchases were Memphis, Tennessee (29.9 percent); Jackson, Mississippi (13.7 percent); Boulder, Colorado (12.6 percent); Indianapolis, Indiana (11.0 percent); and Kansas City, Missouri (9.2 percent).

Counties with highest and lowest pre-mover indices in Q3 2017

Among 331 U.S. counties with at least 50,000 single family homes and condos and at least 50 pre-movers in the third quarter, those with the highest pre-mover index were Loudon County, Virginia in the Washington, D.C. area (304); El Paso County, Colorado in the Colorado Springs metro area (300); Prince William County, Virginia in the Washington, D.C. metro area (298); Will County, Illinois in the Chicago metro area (298); and Champaign County, Illinois (258).

Among the 331 counties analyzed for the report, those with the lowest pre-mover index in Q3 2017 were Wayne County, Michigan in the Detroit metro area (32); Queens County, New York (37); San Mateo County, California in the San Francisco metro area (40); Monroe County, New York in the Rochester metro area (42); and Stark County, Ohio in the Canton metro area (44).

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Clear blue waters and long stretches of sand have always been the appeal of St. Petersburg, Fla. But these days, visitors are just as likely to dive into the Tampa Bay town’s vibrant arts and culture scene.

Over the last decade, the Sunshine City has evolved into a creative hub, with world-class museums, thriving galleries and bold street art that have the once-neglected downtown booming again. And soon there will be much more to admire: Three ambitious new museums will open in St. Pete over the next two years, cementing its reputation as one of Florida’s cultural hot spots.

Here’s how a short trip to the ’Burg should look:

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A hot glass demo at the Duncan McClellan Gallery.

After a blissed-out day at the beach, head into town for a late-afternoon stroll through the dazzling collection of glass sculptures crafted by Dale Chihuly at the Chihuly Collection. Stock up on colorful wares at its gift shop, then hit nearby Intermezzo Coffee & Cocktails for oysters and craft cocktails.

In the mood for something sweet? Grab a gourmet ice pop at The Hyppo, which boasts a staggering array of flavors from pumpkin cheesescake to pineapple cilantro. After the sun sets, savor a fresh catch at one of St. Pete’s fine restaurants; you can’t go wrong with the olive oil-seared grouper at FarmTable Cucina ($30). After dessert, shuffle on over to the historic St. Petersburg Shuffleboard Club— known as the world’s largest club for the sport — for a few late-night matches.

Thanks to St. Pete’s laid-back yet imaginative spirit, there’s more art to check out the next day. More than 80 — and counting — eye-catching outdoor murals wrap buildings, walls and a main downtown intersection. “They create a sense of community,” says Derek Donnelly, a local talent behind a number of works. “I credit the art with helping turn around St. Pete.”

Donnelly helps promote the annual Shine St. Petersburg Mural Festival, which wrapped its third iteration last month and is gearing up the next one in the fall of 2018. Local, national and international street artists from as far away as Australia gather to create large-scale, open-air works over 10 days.

According to Donnelly, the best place to start a mural tour is the alley behind the stores on the 600 North block of downtown’s Central Avenue. The lane is so jammed with trippy wall tattoos — including several of his compositions featuring dinosaur and sea creature — that even the dumpsters are decorated.

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The Dali MuseumDana Hoff

Don’t forget a visit to St. Pete’s popular Dali Museum, ($24 for adults), which houses the largest collection of works by the mustachioed genius outside his native Spain. On a smaller scale, more than 75 galleries dot the town’s seven arts districts. In the Warehouse Arts District, don’t miss the astounding glass works at Duncan McClellan Gallery — or its romantic sculpture garden, or its hot shop demonstrations by a team of artists.

Best of all, St. Pete has much more creative capital in the pipeline.

The first outpost — the Imagine Museum, which centers on glass art — opens its doors in January. A repurposed school will exhibit pieces from 55 renowned glass artists, including Harvey Littleton and Marlene Rose.

The James Museum of Western & Wildlife Art will also debut early next year. Occupying most of a city block, it will showcase works in oil, ink, stone and steel — evoking the frontier spirit and celebrating life in the wild. The works were collected over decades by Tom James, chairman emeritus of investment company Raymond James, and his wife Mary.

The biggest passion project of all is downtown’s $70 million Museum of the American Arts and Crafts Movement, scheduled to open in spring 2019. The monumental building, designed by Cuban-born local architect Alberto Alfonso, is being purpose-built to display businessman Rudy Ciccarello’s extensive decorative arts collection.

With so much art on tap — as well as year-round sunshine and those irresistible white-sand beaches — it’s worth adding St. Pete to your vacation short list.

Where to eat and sleep

From landmark hotels to catch-of-the-day restaurants, St. Petersburg has the hospitality waterfront covered. Here’s a look at some local favorites:

  • Hotels
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Base yourself at Wyndham Grand Clearwater Beach.HP

Active much? Take your pick of four sports at the historic Vinoy Renaissance St. Petersburg Resort & Golf Club, which features 18 holes, tennis courts, a private 74-slip marina and two pools (from $264).

For a chic sleep, book a reservation at the 18-room Birchwood Inn. You can’t beat the elegant rooms with four-poster beds — or the spectacular rooftop lounge (from $310).

The Wyndham Grand Clearwater Beach is about 40 minutes outside of downtown St. Pete but mere seconds from a spectacular beach. (Clearwater Beach, in fact, was rated the best in the country by TripAdvisor last year.) With a pool and a spa onsite, it’s easy to unwind here (from $174).

  • Food
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The Reading Room’s stylish staff.Partho

Cool and creative, the Reading Room serves delicious garden-inspired and wood-fired fare. Many of the herbs and vegetables are grown in the beds outside.

The seafood-centric menu changes daily at swanky Sea Salt, but the dishes are always fresh and succulent. Don’t miss the happy hour.

Excellent list but I would add that one also needs a currency exchanger, who can save you quite a bit in fees and rates, locking in the rates for months and an immigration attorney who has knowledge of VISAs and the most up-to-date laws.

NEW YORK – If you’re going to purchase foreign property to grow your wealth, the U.S. is one of the easiest and most profitable places to purchase your investments.

If you’re a U.S. citizen living abroad, your financing options will be different than if you’re a foreign national looking to buy U.S. property. However, the process for buying property will be the same.

Here’s a list of the most important considerations to make prior to jumping in:

1. Know your rent market, not just home prices

Even if it takes you several years to see capital growth, investing in U.S. property (in certain areas) can be more lucrative than other countries – like Australia, for example.

Using Australia as an example, your returns have the potential to be greater when you buy in affordable U.S. markets like Texas and Arizona. You’ll pay more for a two-bedroom apartment in Australia than you will for a four-bedroom home in Texas, and the rents will be comparable.

It’s possible for both a $260,000 property in Australia and a $100,000 property in Texas to command the same monthly rent. If each market commands $1,000/month rent, the U.S. house is going to be the better investment.

Don’t assume you can charge higher rent just because you paid more for a property.

2. Know when to buy and sell

In the U.S., spring is the best time to sell a house. Houston property management company Green Residential discusses a recent study performed by Zillow that proves this. The study revealed homes sell three weeks faster, and for more than the asking price. This means April to May might not be the best time to buy. You’ll be competing against multiple buyers, and you’ll end up paying more.

The same data showed November through January are the worst times to sell, likely due to cold weather and funds being allocated for the holidays. If you find your dream investment home during the winter, you’ll probably get a better deal since the market won’t be flooded with buyers.

3. Do you have a structured entity?

To purchase U.S. property as a foreign national, you need a valid U.S. entity like an LLC or corporation. This structure determines your tax obligations as it relates to your property. Doing this wrong can result in severe tax penalties. To understand this in depth, read a detailed explanation of how foreign investors are affected by taxes when purchasing a U.S. property.

4. Do you have a U.S. bank account?

To own property in the U.S., you’ll also need to open an American bank account in person. There is no way to do this through email or by notarizing documents and mailing them in. Your physical presence is required.

5. Do you have a good interest rate on your loan?

If you’re not a U.S. citizen, you can’t take out a traditional mortgage. Unless you’re paying in cash, you’ll need to obtain funding from private lenders.

Private financing requires a larger downpayment (sometimes as high as 50 percent), and comes with higher interest rates. For instance, if the home you’re buying costs $100,000 you might need to pay between $30,000 to $50,000 in cash. A traditional mortgage might only require a downpayment of $10,000 to $20,000.

Sometimes adjustable interest rates can start off great and become burdensome. As a non-U.S. citizen, you’re already going to pay a higher interest rate, so you want to start with the lowest rate possible. If you can’t avoid an increasing interest rate, at least minimize the amount.

6. Do you have a property manager?

When you buy foreign property, you need someone to manage it for you – like a property management company will. They’ll handle everything from tenant screening to collecting rent and even managing maintenance needs.

If you’re not living close by, you need to have a local team working on your behalf. Hiring a professional property management company means you don’t have to hire multiple individuals, manage them, and hope they’ll do it right.

7. Do you have a tax professional?

Your taxes will get a bit more complex when you invest in foreign property, but it’s nothing a tax professional can’t handle. It just means you’ll need to pay for someone to do your taxes for you.

No matter where you buy property, you’ll be governed by tax rules and other regulations. Don’t rule out foreign investments just because it looks complicated. You’ll always have to play by the rules no matter where you buy property. Choose the investments that offer the largest returns, and don’t be afraid of learning as you go. The best investments require some aspect of risk, and the rewards are well worth it.

Copyright © 2017, Bizcommunity.com. Provided by SyndiGate Media Inc. (Syndigate.info). All rights reserved.

Sunday, December 3rd, the moon will seem larger and brighter than it has all year.  A “super moon” apparently happens when the moon is full and is at the same time the closest to the Earth during its orbit so it seems brighter than usual.

The Super Moon will be here on December 3rd and is also call a “Full Cold Moon” as it is  the first full moon of December or winter. It should shine approximately 16 percent brighter and 7 percent larger than normal, according to National Geographic. Then we will have a full moon on January 2 and then again on January 31. So we will have a BLUE moon in January. A BLUE moon is when a full moon occurs twice in the same month, which is pretty rare. Usually, we have 12 full months per year but 2018 will have 14 full moons-the other will be March 31st. How cool is that?

Astronomers say that the best time to see the Super moon is in the early evening just as the moon is rising and in the early morning as it is setting. You can guess when I will be looking at the Super Moon.

 

Other moons have special names that have been around for thousands of years, each name reflects what time of year it is:

January is Wolf Moon is named after the sound of hungry wolves. Native Americans and medieval Europeans would recognize their howls as a sign of midwinter. So January 3rd will be a Wolf Super Moon & January 31st will be a Blue Super Moon. Awesome!

February is the Snow Moon. Obvious.  

April is the Pink Moon.  Northern Native Americans called it this because of the early blooming wildflowers. Nice.

September is the Harvest Moon-traditional time for gathering of crops.

November is the Beaver Moon. Algonquin tribes set beaver traps for the winter fur supply & keeping warm.

Happy Holidays, however you celebrate!

Below is a list of some of the various holiday events going on in December 2017 throughout Tampa and Ibor City.

From movies in the park to Twilight 5k runs,

from boat parades to Chanukah festival fun,

a lot of good things for everyone!

 

Holiday Happenings

 

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PROFARM Neighborhood Advocates
Q3 2017 Stats (Nov. 2017)

Florida Realtors® recently released the 2017 quarter 3 real estate market statistics for the state. I wanted to be sure you had an overview of how our area is performing.

The Single Family Home and Townhome/Condo real estate markets in Pinellas County continue to thrive in the third quarter of 2017. Median Sale Price continued to rise in both segments. Closed Sales were down for Single Family for the first time in months. It’s highly possible that the hurricanes in September are the cause for this.

Median Sale Price for the third quarter was up for both Single Family and Townhome/Condo in Pinellas County. Median Days to Contract was down year-over-year for Q3 in both segments, meaning that properties are going to contract faster now than this time last year.

As your local REALTOR® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the REALTOR® advocacy efforts at every level – local, state and national.

Here are some highlights from the Florida Realtors® Quarter 3 2017 Statistics Release for Pinellas County for the Single Family Homes & Townhome/Condo Market Segments:

 

Closed Sales: Down for Pinellas County Single Family Homes and just slightly up for Townhome/Condo for Quarter 3 2017 from Quarter 3 2016. This statistic is a good indicator of the overall health of the market, and successful closed sales mean a win-win for both buyers and sellers.

  • Single Family Homes: 3,340 Closed Sales in Q3 2017 vs. 3,694 Closed Sales in Q3 2016, a 9.6% decrease
  • Townhome/Condo: 2,138 Closed Sales in Q3 2017 vs. 2,131 Closed Sales in Q3 2016, a 0.3% increase

 

Median Sale Price: Up for Pinellas County in both Single Family Homes and Townhome/Condo for Quarter 3 2017 from Quarter 3 2016. The median is the midpoint; half the homes sold for more, half the homes sold for less.

  • Single Family Homes: $240,000 Median Sale Price in Q3 2017 vs. $220,000 Median Sale Price in Q3 2016, a 9.1% increase
  • Townhome/Condo: $152,750 Median Sale Price in Q3 2017 vs. $132,500 Median Sale Price in Q3 2016, an 15.3% increase

 

Inventory (Active Listings): Down for Pinellas County in both Single Family Homes and Townhome/Condo for Quarter 3 2017 from Quarter 3 2016. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility, planning and preparation are key to being able to make an offer on a home when you do find what you’re looking for.

  • Single Family Homes: 3,027 Active Listings in Q3 2017 vs. 3,275 Active Listings in Q3 2016, a 7.6% decrease
  • Townhome/Condo: 2,097 Active Listings in Q3 2017 vs. 2,410 Active Listings in Q3 2016, a 13% decrease

 

Median Days to Contract: Down for Pinellas County for Single Family and Townhome/Condo for Quarter 3 2017 from Quarter 3 2016. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. This statistic is another good indicator for sellers and a tool for buyers to understand how to reach their goals in a hot market.

  • Single Family Homes: 22 Median Days to Contract in Q3 2017 vs. 27 Median Days to Contract in Q3 2016, an 18.5% decrease
  • Townhome/Condo: 34 Median Days to Contract in Q3 2017 vs. 41 Median Days to Contract in Q3 2016, a 17.1% decrease

 

If you would like to discuss the market statistics further, or would like me to keep you informed, I would welcome the opportunity to provide monthly stats for you. Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566 if I can be of service. Thank you so much!
© 2017 Pinellas Realtor Organization

To Native Americans, the butterfly is a symbol of change, joy & color. The exquisite butterfly was considered a miracle of transformation and resurrection. May your week be full of all of these.

Annalisa Weller, Realtor®, Certified International Property Specialist

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  • PROSites: New Designs and $50 off Set-Up of Your New Website December 11, 2017
    Member Testimonial: “When I decided to improve my website’s appearance and add an IDX search to it, I reached out to Dan Cote at the Pinellas Realtor Organization for advice.  After speaking with him, I knew immediately he understood exactly what I wanted.  We had a first meeting to go over the design and I then created a […]
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  • ‘Welcome’ to all our new members who joined us in November. December 4, 2017
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® that joined us in November! We are happy to have you as a part of our organization and wish you much success in your careers. Linda Irvine Dale Sorensen Real Estate Inc. Michelle Chamo Sliding Door Roller Replacement Inc Gregory White PA […]
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  • Ask Alexa About What’s Going On At PRO! December 4, 2017
    Alexa has joined the Pinellas Realtor Organization team! You can now stop by our front desk and ask Alexa about the upcoming events at PRO by saying, “Hey Alexa, ask Burbio what’s happening at Pinellas Realtor Organization this week,” and she will give a brief overview of our available courses and events! You can also […]
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  • James Martin “Jim” NOLAN Passed Away November 29, 2017
    NOLAN, James Martin “Jim”58, passed Nov. 1, 2017. Jim was a member of the Board of Realtors, and a well-known broker in the community. Jim was also an avid gun enthusiast and fisherman. Always the life of the party, Jim leaves behind many caring friends and family. He is survived by his two daughters, Elizabeth […]
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  • District 6 Leadership Institute: Now accepting applications for the class of 2018. November 27, 2017
      The District 6 Leadership program is designed to help you uncover your most effective leadership style, with established strategies and innovative approaches. Learn what it takes to be a leader, motivate others, and to move your career and organization forward. This program will help you evolve from manager to leader in your organization. Develop […]
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