Fewer Bidding Wars May Open Door for More Buyers
Buyer competition has shown some signs of easing, however two Fla. metro areas – Tampa and Orlando – remain two of the top 15 U.S. metros for bidding wars.
Homeowners’ Do-It-Yourself Frenzy May Be Waning
Home Depot’s sales are still up, but not as “up” as they were only a few months ago. One expert says lots of homeowners remodeled during lockdowns – but not as many now.
Loans Based on Rent-Payment History? Some Fear New Problems
Some worry that it waters down approvals and could lead to a future foreclosure crisis. Others say it will help the 17% of buyers who were already just shy of approval.
Builder Confidence Hits 13-Month Low as Demand Drops
Homebuilder confidence hit its lowest level since July 2020. While labor shortages and supply challenges played a role, buyer “sticker shock” is the new concern.
Realtor.com Launches Microsite With Fair Housing Resources
The real estate ad site says it built “Realtor.com for Everyone” to provide fair housing information and “demonstrate our commitment … to housing equality.”
Low-Income Group’s Program Helps Renters Get Aid Money
The Low Income Housing Coalition created ERASE to help “the most marginalized renters” apply for federal rental-reimbursement funds. So far, state and local agencies haven’t disbursed much of the total $47B authorized by Congress under two pandemic-relief bills.
Divorces Lead to About 732K Home Sales Each Year
Life changes spark home sales, and divorces are a big one. Of 1.2M yearly divorces, 61% involve the sale of a home. Finding these couples can be a bit tricky, though.
3 Google Analytics Stats You Need to Track
Google Analytics can help real estate pros and other small business owners answer perhaps their most important question: How am I doing?
Eviction Ban: Appeals Court Could Rule by Thurs.
Realtor assoc. lawyers appealed a judge’s ruling to maintain the eviction ban, and the process could wrap up this week. If necessary, a Supreme Court appeal could follow.
Strange Times for Commercial: Big Winners, a Few Losers
The pandemic changed the way America operates and, as a result, the way commercial real estate functions. The industry seems to be thriving now – but with caveats.