2021 Fla. Housing Market: Strong Gains Despite COVID
Florida Realtors’ Dec., 4Q and 2021 data: Year-end single-family sales up 12.9%, median prices up 20% ($348K); condo sales up 34.2%, prices up 17.2% ($252K).
New Condo Lending Rules Affect HOAs, Buyers, Sellers
Fannie Mae’s new condo loan rules require lots of documentation, but what if an HOA doesn’t have it? And who pays the higher fee for reams of paperwork?
30-Year, Single-Family Mortgage Rate Tops 3.5%
Rates had a notable uptick again this week to 3.56%, pressured by inflation and Fed plans to raise interest rates. A year ago, the 30-year FRM averaged 2.77%.
House Not Finished Yet? Buyers Still Move In
Supply-chain problems have led to some new-home buyers moving in before completion, even as many builders order supplies months earlier than they once did.
Be the Local Market Expert with One Infographic
Florida Realtors economist: An infographic tool customizable by zip code empowers members to create personal, localized infographics they can share on social media.
Home Builders Predict a Booming 2022
Construction firm survey: To keep up with projects, 3 out of 4 builders plan to hire more people in 2022, with 1 out of 4 slated to grow by 10% or more.
MBA: Lenders Make it Easier for Buyers to Qualify
As interest rates rise, fewer homeowners refinance. As a result, lenders are sitting on more cash and willing to ease lending criteria, notably for jumbo loans.
Dec. Home Starts Increase for Third Straight Month
For all of 2021, home starts were up 15.6% compared to 2020. Builders are slowly ramping up construction in spite of rising costs for raw materials.
How Will the Uptick in Investors Play Out?
As rents soar, investors buy more homes – but a Moody’s Analytics economist says that’s a potential precursor to price declines if they decide it’s time to sell.
Email Drip Campaigns? What You Should Know
If a person needs to hear something seven times in order for it to stick, an email drip campaign fills the bill. But generic emails won’t do the job.