Study: Homes Get Larger While Lots Shrink
Median home size is about 2,260 square feet, while the median lot size is 8,700 square feet, down 18% from 2010. Jacksonville is No. 2 for large yards in a big U.S. city.
RE Q&A: Can Delivery Driver Sue Me If He Fell Near My Door?
While it may be a random event, the owner owes a “duty of care” – he’s supposed to make sure there are no dangerous conditions that could injure someone on his property.
Foreclosure Ban Nears End; White House Vows More Aid
The ban ends July 31, and over 1.5M homeowners remain delinquent on their mortgage. But the Consumer Financial Protection Bureau offers info about possible relief options.
Foreign Investment in U.S. Existing-Homes Falls 27% to $54.4B
NAR: It’s the lowest level in a decade. Foreign buyers purchased 107K properties, down 31% from the prior year, as the COVID-19 pandemic led to a strong global economic slowdown. For the 13th straight year, Fla. remained the top destination for foreign buyers, with 21% of all international purchases.
Wildfires May Reheat Lumber Prices
Lumber prices had been cooling in recent weeks. However, lumber producers warn price hikes likely are on the horizon if the Western wildfires aren’t contained.
NAR Announces 2022 Leadership Academy Class
Two of the 20 Realtors chosen for the 10-month program that begins in Jan. 2022 are from Florida: Carlos Alleyne, Boca Raton, and Ines Hegedus-Garcia, Miami Shores.
Study: Showings Plummet After First 5 Days on Market
ShowingTime: Those 5 days are “hyperactive with double-digit showings and offers submitted quickly”– 64 markets averaged double-digit showings per listing during June.
NAR: ‘Independent Contractor’ Bill Should Exempt Realtors
NAR says it faces “steep resistance” but will keep advocating for a Realtor exemption to proposals: “Congress must recognize real estate’s unique place in the economy.”
HUD Offers $19M to Fight Housing Discrimination
Private fair housing groups may request money and use it to blind test housing groups, respond to complaints or propose new projects related to COVID-19 challenges.
Ransomware Attack May Jeopardize Some Closings
Cloudstar, a cloud service used by many title companies, shut down after a ransomware attack last week. As a result, some brokers now can’t register transactions or closings. “We are still very much in the containment and remediation phase,” the company says.