Foreclosures May Bring More Zombie Properties
ATTOM: About 1.5M to 2M homeowners are already in some kind of forbearance, and the CFPB has now paved the way for proceedings to begin on vacant homes.
Borrowers Withdrew $63B in Equity in Q2
Black Knight: As a result of rising home values, the average homeowner could refinance their mortgage and withdraw $173,000, while keeping 20% equity in their home.
Budget Stresses Weigh on Buyers
Survey: 30% of buyers said they paid more than expected on their home due to competition; of those who paid more, 32% said it was $52K or more over the asking price.
Survey: Nearly Half of Renters Fear They’ll Never Own
Lending Tree: 88% of 2,500 consumers polled said they’d rather own a home than rent; but 48% of renters fear they’ll never be able to buy.
Sustainability Is the New Normal – Who Is Getting Left Behind?
NAR: Over 50% of real estate clients are interested in sustainability; one-third of agents helped a client buy or sell a property with green features this past year.
5 Fla. Metros ‘Top 10 Busiest’ for Commercial Real Estate
NAR ranked five Gulf and Atlantic coastal cities in Fla. as strongest in the U.S. based on all commercial market segments and a range of indicators.
Smaller, Affordable Homes Heading Back to the Market
Last month, one in three S. Fla. homes listed for sale on realtor.com was considered small – between 750 and 1,750 square feet – for a 9.1% year-to-year increase.
Homebuyers Have Tactics to Lower Frustration and Stress
Move-up buyers have unique challenges, and more may be landing with iBuyers because they can fairly easily buy one home and sell another home on the same day.
IRS Wants You to Confirm Your Bank ID? Don’t Do It
The IRS has gotten a record level of phishing complaints about stimulus payment offers sent via enticing and believable fake emails – the hallmark of an effective scam.
Most At-Risk Owners Have Enough Equity to Avoid Foreclosure
Foreclosure listings will likely only come from owners in trouble before the pandemic because the amount of equity owners can access has risen 40% year-to-year. Of U.S. homeowners in forbearance, 98% have at least 10% home equity; during the Great Recession it was only 40%.