NAR MLS Committee: Property Addresses Should Be Mandatory
NAR’s board of directors will consider a motion submitted by the MLS committee last week: That all MLS listings must include a street address or other legal description.
Zillow Responds to Real Estate Startup’s Antitrust Suit
REX’s lawsuit against Zillow alleges that separating MLS listings from other listings gives the MLS listings an unfair advantage. Zillow says MLS rules leave it no choice.
Now Available: Landlord Applications for $850M in Rent Relief
Landlords can now apply for money to recoup lost rent. DCF debuted a website, OurFlorida.com, last week and started offering applications Monday. Landlords receive payments directly, but both landlords and tenants can apply for help.
Experts: COVID-19 Sufferers Can Develop Psychotic Symptoms
Reach out if a friend or relative acts differently – some healthy adults are having unhealthy reactions to the pandemic. Suicide prevention: (800) 273-TALK, day or night.
NAR, Economists, See Bright Path for Commercial RE
Economists predicted commercial real estate’s future at NAR meeting. The office market still has a wild card, but they’re generally bullish about the overall industry.
FHFA May Create New Lending Rules for ‘Condotels’
If a development has a large number of short-term rentals – individually owned units or single-family homes rented out similar to a hotel’s operations (condotel) – what unique lending standards for home sales should apply? FHFA opened a comment period that runs through July 5.
In Mortgage Forbearance? Here’s What You Need to Know
After forbearance, owners can pick up where they left off, but the return process can be complicated. Both South and Central Fla. have a large number of these owners.
Big RE Question: Will Workers Return to Offices?
Future demand for both the residential and commercial markets is based, in part, on the number of workers who commute again – but their numbers remain low so far.
NAR Counters Proposal Limiting 1031-Exchanges to $500K
Under Pres. Biden’s proposal, 1031 like-kind exchanges only defer $500K from taxation. NAR says not to panic, though. There’s time before any decisions are made.
Owner Tests Appraisers, Finds Higher Value if White
After two appraisals, a Black owner removed ethnic art, asked a white male to act as her rep, and added $100K to her appraisal. “Comps” choices may have played a role.