Has 2020 Killed These 3 Home Design Trends?
Americans expect things from a 24/7 home that they don’t from an after-I-get-home-from-work home. Sterile, open-design trends seem to be quickly falling out of favor.
FHA Extends Help for Pandemic-Affected Homeowners
FHA borrowers can still get help to avoid an eviction or foreclosure. FHA will also maintain temporary policy flexibilities for lenders and servicers.
Landlord Relief Is On the Way But Timeline Still Unclear
The pandemic relief bill has $25B for rental assistance that landlords can request on behalf of tenants. But the president must sign it and each state must distribute it.
Fla.’s Nov. Housing Market: Sales, Median Prices, New Listings Up
Florida Realtors’ data: Single-family home sales are up 22.9% year-over-year, median sales price up 14.1%; condo sales up 30.2%, median price up 16.9%. Chief Economist O’Connor: All 22 of Fla.’s metros saw gains in closed sales – but inventory remains far below normal levels.
NAR: Existing-Home Sales Dropped 2.5% in Nov.
Overall, U.S. sales dropped a bit, prices rose strongly (up 14.6%), and the inventory of for-sale homes fell to a record-low 2.3 months as the average home sold in 21 days.
COVID-19 Resurgence Pushes Drop in U.S. Consumer Confidence
Attitudes about current conditions fell sharply this month as the pandemic spread, but there’s hope for the future: The mid-2021 expectations index rose 3.2 points.
RE Q&A: Are Dec. 31 Fireworks Legal in an HOA?
A new law, effective April 8, 2020, prevents an HOA from enforcing or adopting rules that ban fireworks on the Fourth of July, New Year’s Eve and New Year’s Day.