NAR Likes Bipartisan Infrastructure Bill but Has a Concern
The bill includes some long-term NAR goals, including expanding broadband access. But it’s concerned with ongoing GSE fees charged by Fannie Mae and Freddie Mac.
The bill includes some long-term NAR goals, including expanding broadband access. But it’s concerned with ongoing GSE fees charged by Fannie Mae and Freddie Mac.
By using shell companies, crime money may buy real estate, or be “laundered” into a legitimate investment. But FinCEN forces S. Fla. buyers to identify themselves.
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.
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.
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.
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.
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.”
Also: Are email addresses confidential? A candidate running for the board asked current officers for a copy of every resident’s email address.
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.
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.