RE Q&A: Can a Condo Community Post Speed Limit Signs?
People can’t follow rules they don’t know about, and speed limit signs are a relatively painless first step – but some communities do even more to cut down on speeding.
Hot Housing Market Drives Home Fix-Ups
Remodeling hit a high during lockdowns when homeowners had time and an increased frustration with their living space. Now, rising home equity entices them.
Bidding Wars Coming Back – But in the Rental Market
In some areas, landlords faced with multiple rental applications are seeing some offer more rent or a higher deposit in hopes of upping the chance they’ll get the unit.
Feds Say New Agreement Will Boost Fair Housing Enforcement
HUD and FHFA (Fannie Mae, Freddie Mac) signed a memorandum of understanding (MOU) to work together. The change allows HUD to more aggressively check for Fair Housing Act violations by giving it easier access to deals funded with conventional mortgage loans.
Judge Won’t End Eviction Ban, Says ‘Hands Are Tied’
A judge that ruled against an earlier eviction ban version said an appellate ruling keeps her from doing so this time. An appeal is likely, possibly to the Supreme Court.
Avoid 6 Common Real Estate Investing Mistakes
Start small? If you buy one rental as an investment, you lose 100% of your income if it’s not occupied. And good real estate shouldn’t be sold, it should be refinanced.
Relocating Consumers Focus on Pets’ Happiness Too
Many buyers and renters consider a new home with “Will my pets be happy here?” playing in their head – and are willing to compromise their wants for a “yes” answer.
Want a New Home? Builders Start to Turn Buyers Away
D.R. Horton CEO Auld calls it “foreign to us,” but his company is turning away qualified buyers due to construction supply shortages and a thin labor force.
Fla.’s Housing Market Continues Positive Trends Through 2Q
Florida Realtors’ data: Sales, new listings and median prices are up (24.3% for single-family homes, 20.8% for condos) from a year ago. Chief Economist O’Connor: Mortgage rates, while low, are no longer falling, which will gradually reduce competition until price growth falls back to a more normal pace.
NAR: 19 out of 20 Metros Had Double-Digit Price Growth in 2Q
Year-to-year, the median sale price of an existing U.S. home rose 22.9% in the second quarter – to $357,900. Prices were up in 99% of markets and up double-digits in 94%.