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.
1 in 4 Buyers Using Fed Money for Down Payment
Pandemic-era stimulus funds went toward the down payment on a home for 24% of today’s buyers, second only to saving money from their paychecks.
How to Avoid Property Manager Fraud?
A property management company in the Naples area faces a $100K civil suit after alleged fraud, breach of contract and embezzlement.
Mortgage Rules Eased for Self-Employed Buyers
Fannie/Freddie started requiring extensive recent financial info from self-employed workers due to COVID, but some may now find it easier to qualify for a loan.
Big Rent Increases Convince More People to Buy
More renters are wondering: “What happens next year if my rent went up $200 this year? And what do I have to show for this lost money anyway?
Can a Grandson Stay in My Over-55 Community?
Q&A: A 23-year-old man will be living with his grandmother for about two more years. Does that stop her from buying a home in a 55-plus community?