Migration Driving Uneven Job Recovery
The U.S. has recouped 20.4M or 93% of jobs lost in the pandemic, but the Northeast and Midwest are lagging. Fla. recovered all its jobs lost by Oct. 2021.
Millennials Selling 1st Homes May Lead Inventory Boost
Realtor.com: 64% of possible sellers intend to list their home by Oct.; a majority of these sellers (49%) are ready to swap starter homes for larger ones.
The Rising Homelessness Problem: Baby Boomers
About half of U.S. adults age 55 and older have only Social Security for income, and the rising cost of rent is forcing more of them into the street.
Solution to Stalled Negotiations? A Cup of Coffee
A research study found that people who drink a 12-ounce cup of coffee “showed significantly enhanced problem-solving abilities.”
Sellers’ Market Peak? More Drop Their Asking Price
In April, 12% of sellers dropped their price compared to 9% one year earlier. It’s too soon to call it a trend, but it suggests prices might soon hit their peak.
Canada Considers Ban on Foreign RE Buyers
In an attempt to counteract Canada’s rising home prices, Prime Minister Justin Trudeau has proposed a two-year ban on purchases by foreign investors.
Rising Interest Rates Not Expected to Hurt S. Fla.
Strong demand from international buyers – many who find prices and interest rates cheaper here – should largely offset any drop in demand from domestic buyers.
RE Q&A: Timeframe to Serve on HOA Fining Committees?
Do you serve once on an HOA’s fining committee, almost like a jury? Or should members be appointed and continue to consider more cases over time?
Study: Human Activity ‘Helped Fuel’ Red Tide Events
A University of Fla. study found that a combination of factors contributes to red tide blooms, but human activity has intensified them over the past decade.
20 RE Companies Have 60% of Market Share
According to T3 Sixty, Realogy Holdings ranked No. 1 for sales volume in 2021 with $737.6B, while eXp World Holdings’ sales grew the most – 116%.