Forbearance Extended to Sept. 30 for Multifamily Properties
The owners of multifamily properties who postponed mortgage payments – in exchange for not evicting residents – may be able to extend forbearance until fall.
Florida Realtors: June is National Homeownership Month
“Every day, Realtors promote housing opportunities and help people realize their dreams of homeownership,” says 2021 Pres. Cheryl Lambert.
Biggest Shortage for Builders Isn’t Lumber – It’s Appliances
19 out of 20 builders face an appliance shortage, with 57% calling it a “serious shortage.” Lumber products hold the 2, 3 and 4 spots, with windows and doors at No. 5.
Near, Far, Wherever: Find Out Who’s Moving to Your Town
Florida Realtors economists: Where do most buyers come from? It’s no secret: Lots of people are on the move, and if you know they’re relocating locally or coming from afar, you can adjust your approach to client prospecting. To help, Florida Realtors’ research team studied moving patterns.
Taxman Cares When You Give Wealth Away
If children and grandchildren move back home after a financial setback, is “free rent” from Mom and Dad considered a gift that’s taxable by the IRS?
Will We Ever Shake Hands Again?
Has 14 months of mask wearing and social distancing changed business etiquette? It’s still too early to shake hands and elbow bumping is gimmicky, so just nod instead.
New Refi Program Could Help Lower-Income Owners
If Fannie Mae owns a homeowner’s loan and they make 80% or less of their area’s income, a loan refinance program debuting June 5 could save them over $100 per month.
Biden Taking Aim at Appraisal Bias, Housing Disparities
The president is launching a first-ever interagency effort to address “home appraisal inequities” and recommend rules to “aggressively combat housing discrimination.”
Builders Offering Survivalist Homes to Wary Buyers
What could go wrong? Buyers skittish about climate change or economic upheavals can buy new off-the-grid homes that would be self-sustainable after a disaster.
Biden Administration Wants to Help Solve Lumber Problems
NAHB says Pres. Biden is uneasy about the rising cost of lumber and homebuyer problems. Builders proposed a summit that includes the lumber industry and Dept. of Commerce.