Residents Win $35M in HOA Lawsuit Against Developer
It took four years, but a 55-plus Poinciana community of 5K residents won a class action lawsuit against the developer over issues related to amenity ownership and use.
Survey: Sellers Waiting Out Pandemic Are Ready to List
Owners who postponed selling during the pandemic – perhaps waiting for a sign that price increases were slowing – appear ready to list their home within the next six months. Many, however, plan to overprice it – and they expect bidding wars to push the final price even higher.
Zillow Sells 11% of Its iBuyer Inventory to an Investor
The firm sold about 20% of the homes Zillow Offers currently owns to an investment firm, leaving it about 7,800 – but it goes up to 16,000 after pending sales close.
Airbnb Updating Its App and Adding Translations
It will be easier for international visitors to book short-term rentals. Airbnb will soon give renters a translation option that includes more than 60 languages.
Creating an Effective Real Estate Newsletter
The first step in building a strong newsletter that boosts marketing efforts? Think about your preferred readers – their desires, needs and interests.
NAR 3Q Sales: Prices Up Double Digits in 4 Out of 5 Metros
Prices rose in 99% of the 183 markets NAR measures quarterly, and 16% (to $363,700) overall. Of the top 10 metros for year-over-year price gains, five are in Fla.
Average Mortgage Rates Dip Below 3% Again This Week
The fear of rapidly rising mortgage rates appears exaggerated, as this week’s 30-year, fixed-rate mortgage averaged 2.98% compared to last week’s 3.09%
Tenant Screeners Can’t Compare Names and Draw Conclusions
Screening tenants is okay but only if based on valid data. A CFPB rule, backed by HUD, says relying on “same name comparisons” is a fair housing violation.
Cybersecurity and Real Estate: You Need Protection Now
Good cyber hygiene keeps potential attacks from becoming successful security breaches. Cybercrime’s cost is projected to rise 15% per year for five years.
RE Agents Prepare for Foreign Buyers’ Return as Travel Ban Ends
International buyers sidelined by the pandemic are ready to meet with real estate pros in Fla. and across the U.S., though a lack of supply may prove frustrating.