U.S. Housing Market Fuels Bidding Wars
In Jan., 52% of U.S. home sales went to buyers who bid more than list price – and almost 6K U.S. homes have sold this year for least $100K over list price.
Mortgage Rates Regain Ground, Rise to 3.85%
Last week, a 30-year, fixed-rate loan averaged 3.76%; two weeks ago, it was 3.89%. Increases are still expected long-term, but the short-term? Not as clear.
Buyer Challenge: Appraisers Can’t Keep Up
Delays can frustrate buyers with mandated deadlines, and slow appraisals could be one of those frustrations due to too many requests and not enough appraisers.
Surfside Settlement Hearing Scheduled March 30
The proposed $83M settlement is for people who lost property and belongings in the condo collapse. Objections can be filed until March 23.
Typical 2010 Buyer Earned $229K in 10 Years
NAR: Orlando and Tampa ranked near the top for middle-income-owner equity increases, though 71% of equity growth went to the high-income group.
What Are Novice Sellers’ Top 3 Mistakes?
The listing price is a strategy, but many sellers think of it as an expectation. Perhaps the toughest mistake? Thinking they can make more as a FSBO.
U.S. Takes Step to Regulate Cryptocurrency Market
Cryptocurrency home sales barely have a toehold, and a new exec order from Pres. Biden may change the rules. The order suggests regulation and a U.S.-owned version.
RE Q&A: Do I Really Need Title Insurance?
If you pay for a title search, why do you also need title insurance? And if I’ve never heard of anyone that had a title insurance issue, why do I have to buy it?
Apple Unveils New iPhone SE, iPad Air
The company unveiled a new budget-level iPhone SE for $429 and an iPad Air in new colors. Both support the faster 5G connections.
Freddie Honors Workforce Housing Developer
The Texas minority and woman-owned investment firm focuses on creating workforce housing and, so far, has acquired 13K apartments worth roughly $2B.