NAR 4Q: Most Metros Saw Double-Digit Price Growth
While 67% of metro areas in NAR’s 4Q report saw double-digit price growth, it’s down a bit from 78% in 3Q; two Fla. metros rank at the top for rising prices.
Valentine’s Day: Love Is Alive but Marriages Dip
Love and marriage once drove home sales, especially for first-time buyers, but a survey finds 1 in 3 buyers today (31%) is single – 41% for adults age 18 to 34.
Cancellations: Some Contracted Buyers Losing New Homes
Some Fla. buyers signing a contract for a newly constructed home are being forced to pay a higher amount later or, in some cases, seeing their contracts cancelled.
What Do 2022 Buyers Want? NAHB Lists Preferences
The pandemic continues to influence demand for outdoor amenities, bigger homes and the suburbs. But all ages still like laundry rooms and walk-in pantries.
NAR Now Taking Applications for ‘Volunteering Works’
Help is here for Realtors working with a great charity that can benefit from expert advice and seed money. Volunteering Works supports members dedicated to public service.
Older Condo Building Owners May Get Buy-Out Offers
Pressured by high repair costs, more owners of older condos may welcome developer buy-out offers if the land’s value outweighs that of all the individual properties.
IRS Backtracks: Won’t Ask for Your Photo
To avoid fraud, the IRS said it would require photos for tax confirmation – but privacy advocates and some lawmakers fear online storage of biometric info.
Broadband Goes from ‘Perk’ to Must-Have’
Rural homes – often a top pick for remote workers – may not have fast internet capabilities, which can ding the sales value. But buyers still have options.
Mortgage Rates Hit Two-Year High: 3.69%
After three fairly calm weeks, the average rate for a 30-year, fixed-rate mortgage rose to 3.69% from last week’s 3.55%.
Jan. Foreclosures: Up Dramatically, Low Historically
ATTOM’s Jan. report finds foreclosures up 29% month-to-month and 139% year-to-year. But the eviction ban skewed numbers, and “normal” is expected in late 2022.