NAR: 99% of Metros Had First-Quarter Home Price Gains
About 1 out of 10 metros had double-digit home price gains. NAR economist: They’re happening in all markets, big and small, even metros long considered off-the-radar.
Fla. Host of ‘Zombie House Flipping’ Can’t Find Homes to Flip
Justin Stamper says he’s digging through court cases to find flippable homes, but even those owners say, “‘Get off my phone! You’re the 26th person to call me today!’”
Fla.’s Housing Market: Sales, Median Prices Up in 1Q 2021
Florida Realtors’ data: Single-family home sales up 19.4% year-over-year, median sales price up 17.6% to $317.5K; condo sales up 37%, median price up 14.8% to $235.4K.
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.