Tighter Rules May Hurt Condo Lending in Vacation Areas
Fannie and Freddie will no longer fund condo loans in high-rent vacation areas. Bankers say entire complexes, even with few rentals, may be ineligible for financing.
New Law Cracks Down on Shell Companies, Combats Corruption
In a “watershed overhaul” of money laundering laws, all shell companies involved in U.S. transactions – real estate and others – must now identify the owners’ names.
When Will That $25B Get to Renters and Landlords?
It will probably take several more weeks for newly approved rental assistance to trickle down and cover tenants’ past-due rents. Fla. will likely receive about $1.4B. It’s not enough, but it should cover the past-due rent balances ($6,000 each) for more than 200K Fla. households.
Buyers and Sellers More Cautious as COVID-19 Cases Spike
A monthly survey for Dec. found market optimism dipping. It could be pandemic fatigue, a delay based on future vaccine hopes or frustration over a lack of inventory.
What Credit Score Do You Need to Buy a House?
With record-low interest rates, more buyers can afford a home – or a better home. But they have to qualify for a mortgage first, and their credit score could be a problem.
Lead Magnets that Can Expand Luxury-Home Marketing Efforts?
Why focus on building an email list? People tend to open emails from people they trust – and turn to the sender for advice if they want to buy or sell a luxury home.