Big RE Question: Will Workers Return to Offices?
Future demand for both the residential and commercial markets is based, in part, on the number of workers who commute again – but their numbers remain low so far.
In Mortgage Forbearance? Here’s What You Need to Know
After forbearance, owners can pick up where they left off, but the return process can be complicated. Both South and Central Fla. have a large number of these owners.
FHFA May Create New Lending Rules for ‘Condotels’
If a development has a large number of short-term rentals – individually owned units or single-family homes rented out similar to a hotel’s operations (condotel) – what unique lending standards for home sales should apply? FHFA opened a comment period that runs through July 5.
NAR, Economists, See Bright Path for Commercial RE
Economists predicted commercial real estate’s future at NAR meeting. The office market still has a wild card, but they’re generally bullish about the overall industry.
Experts: COVID-19 Sufferers Can Develop Psychotic Symptoms
Reach out if a friend or relative acts differently – some healthy adults are having unhealthy reactions to the pandemic. Suicide prevention: (800) 273-TALK, day or night.
NAR Counters Proposal Limiting 1031-Exchanges to $500K
Under Pres. Biden’s proposal, 1031 like-kind exchanges only defer $500K from taxation. NAR says not to panic, though. There’s time before any decisions are made.