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.
A Jacksonville-based firm connected investors with projects via crowdfunding, but a judge ruled it was fraud. The owner pleaded guilty and will serve 21 months in prison.
The central bank bought bonds to keep mortgage rates low, and it will start “tapering” those purchases. It means rates will likely move higher – but that’s not assured.
Targeted ads work if software builds a profile of users. With Apple’s new privacy options, however, apps have more trouble collecting needed data for targeting.
Average mortgage rates moved higher over the previous two weeks, but this week’s 30-year, fixed-rate mortgage dropped from last week’s average 3.14%.
All U.S. companies with 100+ employees must confirm employees’ vaccination status or have them supply a negative COVID-19 test once per week starting Jan. 4, 2022 – but the rule likely won’t affect most Fla. RE brokerages.