How Many Homes Go to Investors? About 18%
According to the analysis, only Fort Lauderdale (18.6%) comes close to that number. In Jacksonville, more than 1 in 4 homebuyers (28.1%) are investors.
Mortgage Rates Hold Steady This Week, Average 3.11%
Rates ticked slightly higher than last week’s 3.10%. Many economists predict increases since the Fed says it will tighten monetary policies – but it hasn’t happened yet.
U.S. Census: Less Racially Segregated, No Less Unequal
A Brown University analysis finds the primary factor driving Americans’ neighborhood choice is race rather than income. Some things got better; others did not.
HUD Awards Additional $5.7M to Fair Housing Programs
Agencies must apply by Dec. 30. The money can be used for a range of fair housing activities related to discrimination resulting from the COVID-19 pandemic.
Affordability Crisis Getting Worse – What to Do?
In S. Fla., housing has never been affordable for most of its working-class population, and new challenges could take years to fix.
$6M in 4 Months? A Facebook Lead Strategy
The key: Many relocating buyers explore prospective cities via Facebook Groups. The strategy: Join those groups and become the voice for local real estate.
In 2018, Warehouses Overtook Offices in Total U.S. Space
Office markets’ future – who will/won’t return – still isn’t clear, but it lost its No. 1 spot in total space in 2018 as the warehouse sector rose to the top.
NAHB: Home Price Appreciation Slows in Sept.
Home prices continue to rise, but the pace of that rise seems to be slowing. Since June, year-to-year increases have decelerated for four consecutive months.
Millennials Locked Out of Hot Real Estate Markets
On Monday, NAR said that pending sales rose 7.5%, but it appears the buyer uptick includes fewer millennials as home prices rise beyond their reach.
Condo Q&A: Can an Owner’s POA Son Be on the Board?
Also: A non-gated community installed security cameras at entrances. Now board members monitor who comes and goes on their cellphones. Is that legal?