Funds Eye Commercial Buys Post-Recession – But What to Get?
Investors save money during boom times to buy distressed property when things slow, but what’s a post-pandemic bargain? Should they buy offices or retail? It’s not clear.
More South Floridians Moving North – but They Stay in Fla.
Rising costs motivate some movers, but a lot of South Floridians are maximizing profits by selling their home now and moving to an area where their housing dollar buys more real estate. Moves to Tampa, Orlando, Fort Myers, St. Lucie County and more are up 108% this quarter.
Fla. Attorney General Warning: Beware of Moving Scams
In the wake of recent complaints, AG Ashley Moody warned movers about tricks some companies use, including a refusal to unload a truck until buyers pay more money.
Prediction: ‘5G Availability’ to Become Major Selling Point
Thanks in part to working from home, people want blazing fast internet access, and 5G, once widely installed, could be up to 100 times faster than current 4G connections.
NAR’s Board Meets, Votes on Changes
Dues won’t go up in 2022, an MLS policy now requires property addresses for residential listings on the day they’re submitted to the MLS, and new policies were approved.
3 Issues That Could Affect Second-Home Sales
Financing for a second-home purchase could be limited, taxes could go up for 1031 like-kind exchanges, and policy updates are expected for national flood insurance.
CFPB Preparing for Hectic Transition as Housing Protections End
The housing industry had an artificial pause button pushed during the pandemic, thanks to eviction moratoriums, forbearance programs, etc. As those draw to a close, CFPB proposed rules to maintain stability, and NAR commented with a suggestion that short sales might be the way to go.
It’s Time: Prepare for the ‘21 Hurricane Season
The season starts in two weeks: June 1. What will happen to pets if you evacuate? What about work? What about school? If separated from family, how will you meet up?
Rebranding: Quicken Loans to Soon Become Rocket Mortgage
After July 31, Quicken will retire its name and start using Rocket Mortgage, a subsidiary it formed in 2015 in order to completely automate the lending process.
NAR Economic Forecast: Consumers Will Propel 2021 Growth
After the quickest recovery in the nation’s history, consumers with pandemic savings will “do more shopping, restaurant dining, traveling and in-person house hunting.”