Realtors and Clients See Market Changing
In the S. Fla. area, many sellers still want to list their home at the high end, but they’re also starting to understand the new rules with this changing market.
Baltimore Couple Suing Appraiser for Black Bias
Two Baltimore professors who wrote books on Jim Crow laws removed all evidence of their race from their home and a second appraisal came in $278K higher.
Business Owners Ready To Cut Costs
The U.S. may or may not go through a recession, but business owners are preparing for the possibility by reevaluating budgets and cutting unneeded spending.
Commercial Boosted by Supply Chain Expansion
The pandemic uncovered weaknesses in U.S. manufacturing and a dependence on foreign nations, but a push to bring industry back home will help the commercial RE market.
Rate of Rent Increases Slowed for Second Month
Study: Jacksonville’s rents rose only 3.6% year-to-year in July, but they were up 17.8% in three S. Florida counties. Nationally, rents were up 13.5% year-to-year.
Climate, Health Bill Goes Easy on Raising RE Taxes
NAR: The original proposal included tax changes that would have hurt real estate investors. However, the final signed version leaves the industry largely untouched.
New Renting Option: Mobile Home Communities
Rather than buy a mobile home and rent the land, a Zephyrhills developer will rent both for one price – about $1,750 per month for a 3 bed/2 bath home.
Buyers Still Want Yards – Pools Not as Much
The pandemic-created love for outdoor spaces continues, though a survey of home designers found a drop in demand for pools, solar panels and smart home features.
RPR Updating Mobile App on Tuesday
The Realtor app that generates buyer and seller reports was updated. The new version goes live Tues., and members need to update the RPR Mobile app on their devices.
Mortgage Rates Drop a Bit, Down to 5.13%
Rates appear to have hit at least a temporary plateau in the low 5% range. Last week, the 30-year, fixed-rate mortgage averaged 5.22%.