NAHB: Too Few New Homes and Rising Costs in 2022
At the International Builders’ Show in Orlando, economists said the industry has too few laborers, and interest rate and price increases will deter more buyers.
Study: Hometown Heroes Gap – Salaries vs. Home Prices
A Florida Realtors data analysis released Wed. promotes passage of a Hometown Hero Housing bill, showing the affordability challenges faced by Fla.’s front-line workers.
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.”