High Home Prices Continue to Weigh on Homebuying Sentiment
Fannie Mae’s index dropped 1.2 points in Sept. More consumers (66%) thought it was a bad time to buy a home while only 28% believed it was a good time to buy.
RE Q&A: Is Now a Good Time to Start Being a Landlord?
To be successful, treat it like a business. Keep a cushion of several months’ expenses to carry the property’s costs in case of any issues like a non-paying tenant.
How Much Can You Save by Downsizing? It Depends
In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home. Miami metro downsizers were 5th on the list for savings.
Homeowner Equity Grows to Nearly $3T in Q2
CoreLogic: Homeowners with mortgages – about 63% of all U.S. properties– saw a 29.3% annual increase in equity, averaging out to a gain of about $51.5K per borrower.
Facebook Down: 4 Ways to Be Ready Next Time
If you pay a vendor to handle Facebook for you, make sure you know how that vendor will handle a disruption like the outage that happened on Oct. 4 under your agreement.
Investors Bet Flexible Leases Are a Lasting Trend
Remote work sparked demand for short-term housing with flexible terms. Some estimate the number of workers who remain fully remote will eventually top out at about 20%.
NAR Urges Congress to Work on Long-Term Debt Ceiling Solution
Such a solution is needed to “maintain stability and faith in the American economy,” said NAR Pres. Charlie Oppler, following a meeting at the White House.
In Memoriam: 1971 Florida Realtors Pres. John R. Wood, 1929-2021
A real estate leader and role model who knew how to “light up a room,” the former Florida Realtors president and NAR president died Aug. 4, shy of his 92nd birthday.
Mortgage Rates Decrease Slightly
The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week.
Real Estate Investors: Less Optimistic About U.S. Housing Market?
RealtyTrac: 48% of individual RE investors see the investment market as worse than a year ago; and 57% of investors cite lack of available inventory as a top concern.