U.S. Borders With Canada, Mexico Restricted Through June 21
Fla. real estate’s top source for international business faces visiting restrictions for at least another month. Until then, only trade and essential travel is allowed.
NAR Study: Membership Hits Record High and 79% Staying Put
NAR had 1.48M Realtor members at the end of 2020, up from 1.4M one year earlier, and 4 out of 5 (79%) plan to stay in the profession at least two more years. Realtors with 16 years-plus experience made $75K, down from 2019’s $86.5K – but 1 in 4 members made $100K or more.
Opportunity Zones: How Have They Done During the Pandemic?
Overall, rising home prices lifted all boats. Homes in Opportunity Zones had first quarter price increases pretty much matched by homes in more affluent areas.
Unexpected Homebuyer Headache: Hard-to-Get Appliances
If stressed buyers somehow manage to land the home of their dreams, they may find it will take an additional nine months to secure the refrigerator of their dreams.
Investors, Tax Changes and What They Need to Know
A 2017 tax overhaul changed the rules; a new proposal could do the same. Investors should understand all possible changes before they select new investment options.
Fast Home Sales Leave Some Sellers Homeless
Pumped by top-dollar offers, some sellers find themselves closing only weeks after listing their home, boosting demand for leaseback options or short-term rental housing.
Mortgage Forbearance: How to Ease Out and Avoid Foreclosure
About 2M Americans have postponed mortgage payments, but their grace period is about to end. And for the 1.7M with a Sept. deadline, it’s time to start planning.
Mega Investor Spending Billions on Single-Family Rentals
Faced with a dearth of affordable existing homes, single-family investors say they’ll spend big money creating new rental-home developments in Fla. and other states.
29% of Sellers Think Home Is Worth Less than Asking Price
Most sellers list for personal reasons, but a survey found that 1 in 4 (24%) who plan to list within the next 12 months are doing it because of the profit potential, with 53% expecting to get their asking price and 24% anticipating more. And 25% expect to have an offer within one week.