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.
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.