Fair Housing: Lenders Tend to Deny Asian Americans’ Mortgages
Urban Institute report: The mortgage-denial rate for Asian Americans is 8.7% compared to 6.7% for whites, despite the former’s generally better credit scores and income.
Tired of Writing Listing Descriptions? Software Does It for You
A natural language processing program will describe listings for you. It only needs to scan photos to write things like, “The home has four ceiling fans.”
Daylight Saving Time Ends Nov. 7. Why Does Fla. Still Do This?
In 2018, Fla. lawmakers approved year-round Daylight Saving Time in keeping with the Sunshine State’s theme. But Congress still hasn’t signed off on it.
Zillow to Stop Home-Flipping Amid Pricing ‘Unpredictability’
About two weeks after publicizing a temporary pause for its iBuyer program, Zillow Offers, the company announced that the program would be phased out altogether. “Forecasting home prices far exceeds what we anticipated,” it said, resulting in “too much earnings and balance-sheet volatility.”
How Can Desktop Appraisals Make the Mortgage Process Easier?
Desktop appraisals – a temporary pandemic policy now made permanent – is less than a full on-site appraisal yet more than just software used for quick online estimates.
UF: Floridians’ Consumer Confidence Down for Third Month
Oct. consumer sentiment dropped 3.6 points, the third month in a row for sinking attitudes. At least part of the reason: Issues that slow recovery aren’t resolved.
Save Gas Money – Use Google Maps
The fastest route to a destination may not be the cheapest. A new tool helps Google Map users save money (and the planet) using those routes that minimize fuel costs.
When Will S. Fla. Rents Drop? Experts Say Not Soon
In 3Q, multifamily Palm Beach County rents were up 28% year-to-year, as out-of-state newcomers and low inventory created lots of demand for too-few available units.
Fed Set to Wind Down Economic Stimulus This Week
It has a tricky job though: curbing inflation without hurting the economy. For homebuyers, it might mean slowly rising mortgage rates as the Fed cuts back on bond buys.
Will Fla. Have Enough Homes If Canadians Return?
While Canadians and Realtors cheer Nov. 8 border re-openings, foreign visitors will be competing with an uptick in Americans now calling Fla. their winter home.