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Register for the Florida Realtor Convention-attend Global meetings, learn about new ways to find buyers & sellers, new laws, attend ReBar camp, network with Realtors from around the state, visit the expo & see new products and maybe even meet me-Ryan Serhant!! As I say, “Expansion. Always, in all ways!”
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Tuesday, August 20-Sunday, August 25th, 2019
Florida Realtors Convention Aug 2019
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Hope to see you there!!

Coastal Properties Group International is the Leader in Luxury Real Estate in the Tampa Bay Area from St Petersburg to St Pete Beach to Clearwater Beach to Tampa! For two years in row, Coastal Properties Group International has been the affiliate of the year for Christie’s International Real Estate. I rarely toot my own horn, but I am so proud to be a member of such a wonderful group of Real Estate Advisors. This is the beginning of my 5th year with Coastal Properties International and I plan to be with them for many more years. As an invitation-only boutique brokerage, we specialize in beach, waterfront and luxury properties. We understand what it takes to market and sell a luxury home or estate. Coastal Properties Group sells an average of five properties per day; and a waterfront property every day.

IRVINE, Calif. – Aug. 2018 – ATTOM Data Solutions’ Q2 2018 Pre-Mover Housing Index finds that Chicago, Washington, D.C., OrlandoTampa-St. Petersburg and Atlanta posted the highest pre-mover index in the second quarter of 2018 in the larger-metro category. ATTOM says a high score is “predictive of a high percentage of homeowners moving in the third quarter.”

ATTOM’s quarterly report looks at 36 metropolitan statistical areas (MSAs) with at least 500,000 single-family homes and condos using data collected from purchase loan applications on residential real estate transactions.

The Pre-Mover Housing Index is based on the ratio of homes with a “pre-mover” indicator compared to total single-family homes and condos in a given geography, indexed off the national average. An index above 100 is above the national average and indicates an above-average ratio of homes that will likely be sold in the next 90 days in a given market.

Among a broader set of 131 metro areas with at least 100,000 single family homes and condos, those posting the highest pre-mover index in Q2 2018 were Wilmington, N.C. (206); Colorado Springs, Colo. (178); and Manchester-Nashua, N.H. (172); followed by Chicago (168) and Washington, D.C. (166).

“A higher pre-mover index bodes well for local real estate agents, home improvement stores, moving companies and others that benefit from the halo effect of a home sale,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

“Meanwhile markets with a low pre-mover index likely have a scarcity of inventory available to buy or relatively weak demand from prospective buyers – or some combination of both – which is not optimal for businesses that rely on the home sale halo effect,” Blomquist adds.

ATTOM has a pre-mover heat map on its website that displays the likelihood of home sales by city.

States with the highest pre-mover index in the second quarter of 2018 – predictive of a high percentage of homeowners moving in the third quarter – were North Dakota (275), Illinois (193), Nevada (164), Virginia (163), and Colorado (147). Other states with a pre-mover index among the 10 highest in Q2 2018 were New Jersey (133), Florida (133), Delaware (130), Maryland (127), and Utah (124).

Florida cities ranked by pre-mover index ranking

  • Orlando-Kissimmee: 136
  • Jacksonville: 136
  • Tampa-St. Petersburg-Clearwater: 133
  • Lakeland-Winter Haven: 126
  • Ocala: 109
  • Port St. Lucie: 100
  • Palm Bay-Melbourne-Titusville: 95
  • Cape Coral-Fort Myers: 91
  • Deltona-Dayton Beach-Ormond Beach: 90
  • Bradenton-Sarasota-Venice: 87
  • Miami-Fort Lauderdale-Miami Beach: 85
  • Pensacola-Ferry Pass-Brent: 65
  • Fort Walton Beach-Crestview-Destin: 58
  • Naples-Marco Island: 53

© 2018 Florida Realtors®

Here’s an excellent infographic explaining how homeownership affects so much of one’s life and the ones around you-now and in the future. I purchased my first home at 24 years old. It was a home on the edge of a wonderful neighborhood in great need of help-new roof, remodeling of bathrooms & kitchen not to update but to make them useable, replacing windows, refinishing the hardwood floors, tiling and the general removal of 18 years of neglect in the house & yard, doing most of the work myself over years. I needed a home for my daughter & me where landlords couldn’t raise the rent or sell the home out from under us after I had improved the value with my time & hard work by painting inside & out, replacing broken sheetrock & windows, refinishing the floors and landscaping. That happened several times to me. By the way, that daughter went on to get a Master’s Degree, become a homeowner at a young age and we both vote in every election! Hmmmm, seems like this infographic holds true for me.

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72% of vacation property owners and 71% of investment property owners believe now is a good time to buy. 33% bought their property in a beach area. Location, location, location!! We have some of the best beaches!! Plus we have music venues, a multitude of sports options, first rate museums, art venues, waterfront festivals, brew-pubs, incredible restaurants and much more!

Think St Petersburg, Florida; Clearwater Beach and the Tampa Bay Area!!

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Interesting. Unfortunately, it makes sense when woman still make less than men in so many occupations.

home-buying-tips-for-single-income-women

SEATTLE – April 23, 2018 – Real estate website Estately recently conducted a study showing how America’s gender wage gap affects home affordability and ownership for women.

http://www.floridarealtors.org/NewsAndEvents/

To find out, Estately used 2016 U.S. Census data to compare men’s and women’s median salaries in the 50 most populated U.S. cities. Based on those salaries and assuming a monthly mortgage payment of 28 percent of the gross monthly income, the site used a mortgage calculator to determine the maximum home price each salary could afford.

Armed with this information, Estately reviewed the homes currently for sale in major cities across the country and identified the percentage of homes men versus women could afford.

The results in some urban centers were bleak. Seattle, for instance, has the biggest wage-based housing gap. Men can afford nearly 150 percent more homes than women.

Colorado Springs, Miami, San Diego and San Jose also topped the list with significant gaps. For instance, in Colorado Springs men can afford 122.5 percent more homes than women, while further down the list in San Diego, the difference is still a significant 68.5 percent.

With these results in mind, we asked real estate and personal finance experts to share their top tips for single women seeking to purchase a home.

Don’t let the down payment scare you away
Coming up with the funds to make a down payment on a home can often seem impossible, particularly when so many Americans have sizeable student loan bills and more.

Andrina Valdes, division president at Cornerstone Home Lending, urges buyers not to let this part of the process discourage them.

“Over and over again, potential home buyers report saving for the down payment as the biggest hurdle to homeownership. When you’re relying on one income to save up for it, the problem can seem insurmountable,” says Valdes.

The good news is there are all kinds of down payment assistance programs that can help individuals get into a home for less money down.

The Federal Housing Administration loan is popular among first-time and single-income home buyers thanks to its 3.5 percent down payment requirement. There are also programs offered by the Veterans Administration and also USDA loans that may require no down payment at all, says Valdes.

Line-up a guarantor or co-purchaser
The reality is that many single income households, whether they’re run by men or women, need assistance in buying a home in today’s market.

Experienced agent Julie Gans of Triplemint suggests lining up a qualified guarantor, co-purchaser or someone who might be able to gift money for your home purchase.

Consider a fixer upper
A growing trend among home buyers with limited means has been buying older properties and rehabbing them, says Ralph DiBugnara, president of Home Qualified.

“There are a few mortgage products in the market right now that make that easier,” said DiBugnara. “Fannie Mae has a loan called Home Style and FHA has what’s called a 203k loan. They both allow you to not only finance the purchase price but also construction costs in the loan to help your home look new.”

Look at homes well below your means
Real estate analyst Julie Gurner, of FitSmallBusiness.com, says it’s critical that single income households buy properties that are well below the amount they’ve been pre-approved for.

“You see that gorgeous home at the top of your range? Pass on it, and you’ll be glad you did,” said Gurner. “Single women and single income families have to be especially mindful to buy a home below their means … It gives them an additional expense cushion every month. Things come up. Doctor visits, your car breaks down, or your furnace breaking can be a big financial hit if you don’t have the ability to absorb it. On months where nothing goes wrong, you have the ability to save.”

As a single income earner, it’s important to protect yourself financially and be able to provide the necessities that make life stable. Having a home below your means can give you both and a great place to live.

House hunt during the right season
When it comes to finding an affordable home, time of year can make a big difference.

That means shopping during the right seasons, when prices traditionally are more negotiable and inventory is better, says Valdes.

Recent data from Trulia shows that there’s a 7 percent spike in starter home inventory during the fall, making it an ideal time to find a good deal. On the flipside, starter home inventory drops by more than 20 percent during the summer, making the warmer months a less appealing market.

Minimize credit card debt
As you embark upon your housing search, it’s critical that you reduce existing debt. This helps on a variety of levels.

For instance, not only does it make you a better mortgage applicant, it will also help once you’re in your new home dealing with a whole host of new expenses.

Gans, of Triplemint, suggest tackling credit card debt in particular.

“Pay off all credit cards prior to purchase to lower your income to debt ratio,” advises Gans. “This reduces your liability and makes you look more appealing to a seller.”

http://www.floridarealtors.org/NewsAndEvents/

Copyright © 2018 North Jersey Media Group Inc. This article originally appeared on Credit.com.

Florida's Tampa and Orlando Housing Markets Ranked First and Fourth Best U.S. Cities for First-time Buyers

(Ariel photo of downtown St Petersburg, in the Tampa Bay area of Florida)

According to Zillow’s 2018 Best Markets for First-Time Buyers Analysis, first-time buyers in the U.S. looking for an affordable home without much competition may have the best luck in the State of Florida, with both Tampa and Orlando ranked high in the Top 10 best cities for first-time home buyers in 2018. Texas also had 3 cities ranked high on the same list.

Residential News » Tampa Edition | By Michael Gerrity | March 2018

Zillow ranked the 35 largest U.S. housing markets based on where first-time buyers have the best chance to find an affordable home with little buyer competition and strong forecasted home value appreciation. First-time buyers make up 42 percent of all buyers, according to the 2017 Zillow Group Report on Consumer Housing Trends.

Orlando-pic.jpgThe U.S. housing market is competitive for all buyers, as there are not enough homes for sale to meet today’s strong buyer demand. In January, inventory of the least expensive homes was down 17.1 percent annually, compared to a 9.7 percent decrease for all homes. In 2017, nearly a quarter of home sales were above the listed price. This puts first-time buyers at a disadvantage this home shopping season because they won’t have the capital from a previous home sale to help fund a down payment or keep up with bidding wars. Saving up for a down payment is the most commonly cited barrier to homeownership.

New buyers will have it easiest in the Southeast, especially Texas and Florida. Five of the top 10 markets for first-time buyers are in those two states. Homes in those markets require a smaller down payment, and buyers are more likely to encounter price cuts.

First-time buyers are likely to face the most difficulty in pricy West Coast markets, especially California metros. Not only are homes expensive, but inventory is especially limited, and it takes longer to break even on a home purchase.

Ten Best Markets for First-Time Homebuyers in 2018

1.   Tampa, FL
2.   Indianapolis, IN
3.   Houston, TX
4.   Orlando, FL
5.   San Antonio, TX
6.   Saint Louis, MO
7.   Philadelphia, PA
8.   Atlanta, GA
9.   Las Vegas, NV
10. Dallas, TX

“More and more millennials are reaching the point in their lives where they are ready to buy a home, but they are entering a highly competitive housing market that has been plagued by low inventory, especially among entry-level homes,” said Zillow Senior Economist Aaron Terrazas. “Southeastern markets will be easiest for new buyers, where homes are more affordable and there’s less competition. People planning to buy for the first time in some of the tougher markets should be prepared to face a more competitive environment, but that doesn’t mean they should count out buying entirely.”

Zillow’s list of the best markets for first-time buyers is based on five metrics:

  • Low median home value that requires a smaller down payment
  • Strong forecasted home value appreciation
  • High inventory-to-household ratio, to indicate available supply
  • Short Breakeven Horizon, which is the time it takes for buying to be financially advantageous compared to renting
  • High share of listings with a price cut

NFIP-February-2018

WASHINGTON – Feb. 9, 2018 – As part of the just-passed continuing resolution to keep the government open, the National Flood Insurance Program now won’t expire until March 23, 2018.

While the legislation only extends government operations for six weeks – including NFIP – Congress agreed to some long-term changes, including $90 billion in assistance for post-hurricane cleanup in Florida, Texas and Puerto Rico.

While the national flood insurance program isn’t a direct part of federal funding, its future has been tied to it recently because the flood insurance extension has been voted on alongside the larger spending packages.

For at least the next six weeks, however, homebuyers and sellers in flood zones can stop worrying about the loss of flood insurance derailing their transaction.

© 2018 Florida Realtors®

Annalisa Weller, Realtor®, Certified International Property Specialist

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