It’s Not Final, but Infrastructure Bill Seems Good for Real Estate
NAR says the deal that appears close to finalization includes many real estate goals it wanted, including $150B for affordable housing and keeping like-kind exchanges.
Get More Open House Leads: Consider It ‘a Performance’
Buyers judge agents at open houses. Agents should be sharp and well rested, and come armed with info that makes them sound like the go-to neighborhood expert.
Why Is Fall a Big Opportunity for Buyers?
Several signs suggest it may be a good time to buy. Competition has cooled, listings receive fewer offers, and about 1/3 of metros have seen an uptick in new listings.
Borders Open Nov. 8 for the Vaccinated – But Rules Vary
Most international visitors must be fully vaccinated, and some approved exceptions must quarantine for seven days after arrival. Children under 18 don’t need a vaccine if with vaccinated adults, but they’ll be tested for COVID once here. The CDC is still posting info to its website.
Those Falling Lumber Prices? They’re Going Back Up
High prices last spring stemmed from supply problems as the industry emerged to non-pandemic operations. Now it appears to be a demand problem.
Condo Q&A: Is It Legal for HOAs to Have 50/50 Raffles?
Also: A condo owner lives in a 125-unit community, and was told they need a website and must post certain official records. Must they? And: An independent contractor/handyman doesn’t legally need workman’s comp insurance. Is it okay to use him?
NAR: Sept. Pending Home Sales Drop 2.3%
Chief Economist Yun: The overall market is still running comfortably ahead of pre-pandemic levels, and the drop is a sign of a “calmer home price trend.” However, there will continue to be less inventory through the end of the year – a normal fall drop following the summer months.
Mortgage Rates Continue Heading North, Hit 3.14%
After floating in a just-below 3% range for months, mortgage rates headed higher for the past two weeks. The likely reason: Increased optimism and a drop in COVID cases.
3D Homes Going Mainstream: Lennar Building in Texas
In Austin, Lennar teamed up with ICON to build the largest community of 3D homes to date. The builder says the method will help it avoid current supply chain shortages.
Technology Delays Hurting Offices and Other Businesses
Time to update tech equipment? Good luck finding it at a reasonable cost. It’s taking up to 120 days to deliver some types of commercial computers.