Commercial: Expect More Mixed-Space Development
Even commercial sectors hit hardest by COVID-19 are showing signs of life. Given tight residential markets, though, office-to-housing conversions are a hot topic.
First Time Ever: Inflation Soars as Mortgage Rates Plunge
The last time inflation rose as mortgage rates fell? Never. But the world is awash with cash, and that holds down mortgage rates, says Wells Fargo senior economist.
Veterans Day Legislation Targets GI Bill Racial Inequities
After WWII, white veterans got homebuying aid through the GI Bill, yet many Black veterans did not. A group of senators now want to offer that benefit to descendants.
Residents Win $35M in HOA Lawsuit Against Developer
It took four years, but a 55-plus Poinciana community of 5K residents won a class action lawsuit against the developer over issues related to amenity ownership and use.
Survey: Sellers Waiting Out Pandemic Are Ready to List
Owners who postponed selling during the pandemic – perhaps waiting for a sign that price increases were slowing – appear ready to list their home within the next six months. Many, however, plan to overprice it – and they expect bidding wars to push the final price even higher.
Zillow Sells 11% of Its iBuyer Inventory to an Investor
The firm sold about 20% of the homes Zillow Offers currently owns to an investment firm, leaving it about 7,800 – but it goes up to 16,000 after pending sales close.
Airbnb Updating Its App and Adding Translations
It will be easier for international visitors to book short-term rentals. Airbnb will soon give renters a translation option that includes more than 60 languages.
Creating an Effective Real Estate Newsletter
The first step in building a strong newsletter that boosts marketing efforts? Think about your preferred readers – their desires, needs and interests.
NAR 3Q Sales: Prices Up Double Digits in 4 Out of 5 Metros
Prices rose in 99% of the 183 markets NAR measures quarterly, and 16% (to $363,700) overall. Of the top 10 metros for year-over-year price gains, five are in Fla.
Average Mortgage Rates Dip Below 3% Again This Week
The fear of rapidly rising mortgage rates appears exaggerated, as this week’s 30-year, fixed-rate mortgage averaged 2.98% compared to last week’s 3.09%