NAR: Financing and Appraisals Cause Transaction Delays
A lot of things can go wrong between contract and closing. NAR’s latest survey identifies financing (30%) first, but appraisals ties “Other” (21%) for third place.
Golf Club Communities Back on Buyers’ Radars
Developers’ push for golf course communities peaked around 1990 before demand started to collapse. But the COVID-friendly outdoor activity is popular again.
Fla. to Receive $2.5M for Veteran Housing Assistance
In Fla., 16 housing authorities statewide will receive money to help veterans keep a roof over their heads. It’s part of a $46M package of aid awarded by HUD.
Climate Change’s Impact on RE: It’s Not Just Home Values
In Miami, rising seas are redefining neighborhoods. Gentrification in higher-elevation, low-income neighborhoods is pushing affordable housing into lower-lying areas.
Courts Say Business Interruption Insurance Covers COVID-19
Two courts so far, one in Fla., have ruled that an owner with business interruption insurance deserves compensation, even if one policy doesn’t cover “viruses.”
NAR: Summit Economists Expect Good Things in 2021
More than 20 economic housing experts at NAR’s Real Estate Forecast Summit discussed a post-pandemic 2021 and, as a group, predicted the economy (GDP) will grow 3.5% (6.2% in 2022), home prices will climb 8% (5.5% in 2022) and mortgage rates will average 3% (3.25% in 2022).