Mortgage Rates Move a Little Bit Higher This Week
While average mortgage rates have generally declined over the past few weeks, the 30-year, fixed-rate mortgage rose from last week’s 2.78% to 2.80%.
Pool Homes Commanding Higher Prices Across U.S.
While pools are unique in many U.S. areas, they’re more common in Fla. In some South Fla. metros, 3 out of 4 homes offer a swimming pool in the backyard.
SBA Simplifies Paycheck Protection (PPP) Loan Forgiveness
Small businesses that borrowed $150K or less can soon apply for loan forgiveness directly through the Small Business Administration rather than their lender.
NAR: June’s Pending Home Sales Fall 1.9%
The number of homes that went under contract “has seesawed since Jan.,” says NAR Chief Economist Lawrence Yun, but higher home prices have taken a toll. In areas where housing is more affordable, local pending sales rose because buyer demand remains strong.
Large Single-Family Investors Ramping Up Inventory
Single-family investing is a profitable niche. Big companies continue to expand their inventory, but it’s unclear how much they can grow before there’s a public backlash.
Defend Your Commission: Reasons Why You’re Worth It
It isn’t hard to find buyers right now, but sellers need you to fill out contracts, negotiate multiple-bid offers and screen buyers to verify that they’re qualified.
NAR: 2 of 5 ‘Volunteering Works’ Winners Are from Fla.
NAR and the Good Neighbor Society named the five volunteers who will receive seed money and mentoring – a list that includes Realtors from Seminole and Jacksonville.
Consumer Confidence Relatively Unchanged in July
U.S. consumers remain optimistic: July’s confidence index is about the same as June’s, after gains in each of the prior 5 months – and the highest since Feb. 2020.
CFPB Tool Is One-Stop Shop for Rental Assistance Info
While OurFlorida.com is the state’s go-to website for past-due rental assistance, some local programs also offer help, and CFPB compiled that info on a single webpage.
Danger Lurking in Biden Plan to Eliminate or Cap 1031s
A common misconception: 1031 exchanges are a tax loophole. A study on 1.6 million properties concluded that 80% of 1031s were ultimately sold via a taxable sale rather than a subsequent exchange. And a 1031 repeal would shrink U.S. GDP by $9.3M.