Millennials Are Supercharging the Housing Market
CoreLogic: From Jan.-Aug. 2021, millennials made up about 67% of first-time home purchase loan applications and 37% of repeat purchase applications.
Americans Quit at Record Pace in Nov.
Despite high job openings, 4.5M workers (3%) quit their jobs in Nov. Analysts predict worker shortages likely will continue, but ease in 2022.
Fannie, Freddie Should Consider Climate Change
Financial risks caused by climate change pose “a serious threat to the U.S. housing finance system,” says FHFA Acting Director Sandra Thompson.
How Profitable Will Commercial Real Estate Be This Year?
A Dec. national poll found 69% of commercial RE brokers said they made more money in 2021 than in 2020, and a NAR report predicts a strong year in 2022.
2022 Property Tax Appeals May Be Less Successful
Property owners who wish to appeal their taxes must prove that their house is over-assessed – a tall order in an era of rapidly rising home prices.
Floridians More Optimistic About the Future
UF’s monthly sentiment index ticked up 2.6 points in Dec. Current attitudes were mixed, but people showed increased optimism about the economy later this year.
Economy and Job Growth to Slow but Remain Strong
Many economists say the economy exploded in 2021 as the nation emerged from lockdowns, and 2022 will be more of the same – but at a less hectic pace.
Higher Rates and Replacement Costs Will Raise Prop. Ins.
Every Fla. property insurance company calculates “replacement cost” differently, but almost all will charge more next year – in addition to other standard increases.
Can a Son Use My Credit Score to Buy a Home?
RE Q&A: A mother wants to share title for one year and sign the home over to him because she has a stronger credit score. Is there a downside?
Sellers: Study Suggests More Owners Ready to List
The current market favors sellers, but owners see slowing price increases and buyers being priced out of the market. Many who held off may decide it’s time to sell.