Builder Confidence at Record High, 6% Above Previous Record
Builders are almost giddy. An Index of 50 suggests a balance between optimism and pessimism, but Nov.’s confidence number hit 90 after a record-breaking 85 in Oct.
Builders are almost giddy. An Index of 50 suggests a balance between optimism and pessimism, but Nov.’s confidence number hit 90 after a record-breaking 85 in Oct.
Property insurance costs keep going up, and the 2020 Florida Legislature is feeling pressure to do something about it. The issue generates controversy, but, among other things, they could change attorneys’ fees, reduce coverage, create claim deadlines or adjust a number of other things.
Many renters still think they need 20% down to buy a home. Landlords are in a unique position to explain the buying process and convert renters into buyers.
Some brokers and independent contractors have pragmatic concerns about COVID-19: If a business can’t function without its owner, what happens if they get sick?
If the average transaction takes 181 steps, how many can be simplified? Agents are now finding out as pandemic precautions pushed more of them to adopt new technology.
While cultural and financial concerns push demand for multi-generational housing, more adult children now think it’s also a way to keep Mom and Dad safe as they age.