Confidence Dips in Multifamily Sector
NAHB’s multifamily survey found mixed results in the second quarter, as a drop in optimism for condo builds overshadowed an increase in outlooks for apartments.
NAR: U.S. July Home Sales Fell 5.9%
Properties didn’t stay on the market long (14 days), prices climbed 10.8% year-to-year, and inventory is starting to grow in the face of higher mortgage rates.
CFPB: Financial Firms Liable for Data Leaks
Credit scorers, lenders and other financial firms that collect personal data have a duty to keep it safe – and a liability if they don’t – the U.S. consumer bureau says.
Fla.’s July Housing: Median Prices Up, Supply Easing
Florida Realtors: Fla.’s single-family median price up 16.1% ($412K), condo median price up 20.6% ($305K). Mortgage rates, prices impact sales, and inventory is up.
Airbnb Rolls Out New Screening to Stop Parties
In Canada and Australia, the screening system led to a 35% drop in parties after considering things like weekend dates, renter proximity and their Airbnb history.
A Simple Trick to Save for a Down Payment
Renters usually cut back expenses to save for a down payment, so downsizing their apartment to one less bedroom might get them into a house within a few years.
Have the Skill Set to Thrive in a Down Market?
In a slower market, buyers and sellers shop for a Realtor who listens, advocates for them and knows the business inside and out.
Real Estate Offers Solid Investment Returns
Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12 months, convincing many to diversify.
HUD: $41M To Boost Affordable Housing
Three national nonprofits will split the money: Habitat for Humanity ($9M), Enterprise Community Partners ($15M) and Local Initiatives Support Corp. ($17M).
Some Rental Solutions Unworkable
Studies find rent control is a short-term solution that creates long-term problems. Florida Realtors has filed a lawsuit against Orange County to block a proposal.