The Unexpected Challenge to Home Repair: Electrical Wiring
New home buyers and remodelers sometimes find an expensive problem as they start to dig in: Old and faulty wiring that needs fixed or even completely replaced.
Share of Mortgage Loans in Forbearance Down to 4.50%
Anxious buyers who hope some homes in forbearance would be soon listed for sale may be disappointed as more owners start making their mortgage payments again.
CFPB: Evicted Tenants Can Hold Debt Collectors Accountable
The bureau’s final rule says “debt collectors” must give written notice to tenants before an eviction, with prosecution and private lawsuits possible if they don’t.
Fla. No. 7 for “Least Affordable Housing,” Mainly Due to Income
Affordability is calculated using a state’s median home price and median income. In the last decade, Fla. home prices went up 99.3%, but income only increased 20.8%.
NAR Report: Marijuana and Real Estate: A Budding Issue
States with marijuana legalization laws have seen increased demand for warehouse space, and about half with pre-2016 legalization laws are seeing addendums added to leases that restrict on-site growing. One recent change: More properties are being bought rather than leased.
What Do I Say When I Reconnect with Old Leads?
Any version of “We haven’t talked in over six months, but …” can be awkward, but you can break the ice by asking the right questions and listening to their answers.
Fla. Releases $150M for 20 Infrastructure Projects in 15 Counties
Gov. DeSantis says the money from HUD will go to large-scale infrastructure projects that can make Fla. communities more resilient to future disasters.
Condo Q&A: Money Budgeted but a Big Project Can’t Wait
Boards have a few options for necessary quick repairs. Also: Can a board charge an owner $10K for violating the governing documents?
RE Q&A: Can HOA Shut Pool If One Resident Broke the Rules?
An HOA rule mandated that only tenants – no guests – could use the pool, and it shut down the entire pool for a day after someone broke that rule. Is that legal?
Could Vacant Commercial Buildings Become Affordable Housing?
The short answer seems to be yes – but without clear expectations for the commercial industry’s post-pandemic rebound, few investors are willing to commit yet.