COVID Migration: Who’s Moving to Fla. and Why?
Fla. has always been a go-to state, but new driver’s license registrations finds a notable increase during the pandemic – a major reason for rising rental prices.
Anti-Discrimination Group Sues Commercial Owners
The group is expanding to Martin County. To date, it has sued 50-plus commercial owners and, in the latest lawsuit, alleges an owner won’t accept Sec. 8 vouchers.
Ignore Fake ‘NAR Health Insurance’ Calls
A long-running scam continues to resurface: Calls and texts to Realtors that falsely claim to be solicitations for health insurance backed by NAR.
Fannie Paying $53M for Minority Foreclosures
Fair housing groups alleged that Fannie Mae took better care of its recession-era foreclosures in white neighborhoods than it did in Black and Hispanic ones.
Don’t Shop Based on Mortgage Approvals
Buyers preapproved for a $375K home often look for a $375K home. But they’ll likely get to closing only if they consider property with a lower asking price.
NAR Study: It’s Hard to Buy Affordable Homes
Rising home prices and low inventory have made it difficult for lower-income Americans to buy a home – and even more difficult for Black Americans.
Little Change in U.S. Homeownership Rate
The homeownership rate dipped in 4Q 2021 to 65.6% as buyers struggle to find homes. The Midwest (70.1%) has the highest rate, the West (60.5%) has the lowest.
Fla. Home to Be Auctioned in Crypto Transaction
Bids for the Gulfport home will be “non-fungible tokens,” and a smooth transfer will be handled like “selling a company and that company owns a house.”
Florida Realtors’ Members Attending Conference in Dubai
Opportunity to build your international business: The March 18-25, 2022, trip includes the international conference and three days to explore Dubai.
HUD Homelessness Report: Down 8% in 2021
HUD’s Jan. one-day-each-year study found the number of “sheltered homeless” fairly flat for individuals while dropping a notable amount for families.