New Fla. Law on Residential Businesses May Be Tweaked
A pro-business law that allows residential owners to operate businesses out of their home may get clarification after an early applicant proposed an ammo-supply shop.
ADUs Can Add 35% to Home’s Value
An accessory dwelling unit (ADU) can cost an average $180K, but extra space to rent out or use for family is in high demand in the shadow of rising rental prices.
Demise of ‘Zillow Offers’ May Not Reflect the iBuyer Model
Is there a bigger lesson for iBuyers? Many analysts think it says more about Zillow and its iBuying operation than it does about iBuyer models overall.
Most Lenders Will Now Consider On-Time Rent Payments
More mortgage applicants will find it easier to get approved now that Freddie Mac joined Fannie Mae in making on-time rent payments a lending consideration. But each system is a bit different. Freddie says it will provide incentives to multifamily owners that automatically report on-time payments.
Paycheck-to-Paycheck Renters Struggle with High Costs
In Aug. the average renter of a $1,179 unit was paying 30.3% of their total income, or slightly above the percentage generally considered OK for “making ends meet.”
Condo Q&A: What Are Florida Law Requirements for Reserves?
Also: Are email addresses confidential? A candidate running for the board asked current officers for a copy of every resident’s email address.
Baby Boomer Challenge: Find a Home for Downsizing
The inventory for homes smaller than 1,400-square feet has hit a 50-year low – and it’s the same record-low inventory eyed by many first-time buyers.
A Pandemic Side Effect: More Americans Like Their Commute
Survey: “Commute time to work” may be less important to urban buyers. After a year of working from home, slightly over half say they now see some benefits.
Crowdfunding RE Company Owner Sentenced for Mail Fraud
A Jacksonville-based firm connected investors with projects via crowdfunding, but a judge ruled it was fraud. The owner pleaded guilty and will serve 21 months in prison.
Fed Makes It Official: It Will Slow Mortgage Bond Purchases
The central bank bought bonds to keep mortgage rates low, and it will start “tapering” those purchases. It means rates will likely move higher – but that’s not assured.