Mortgage Rates Dip – First Time Since January
The 30-year mortgage rate dropped to 3.13% this week from 3.18% last week; it was 3.33% a year ago. High prices and limited supplies continue to impact buyers.
Lenders Are Tightening Up on Mortgage Loans
MBA: Mortgage credit availability has hit its lowest level since 2014. In 4Q 2020, the median credit score for approved mortgages was 786.
Condo Q&A: Who Can Approve Association Expenses?
Also: A board member also owns a home watch business and provides home watch services to many of the building’s units. Is that a conflict of interest?
Buying Homeowners Insurance? Ask 4 Questions First
For many homebuyers, property insurance is a detail, a box to be checked off on the way to closing. But details are important and missteps can be expensive.
Commercial RE Forecast: Strength – and Lots of Uncertainty
Higher interest rates help investors, but it’s a big unknown for developers. People are rushing to sweeping conclusions, and “We don’t know which way it’s going to go.”
If You Sell a House, the Buyer Might Be a Pension Fund
D.R. Horton sold an entire subdivision of single-family homes to online investor Fundrise LLC, as more yield-chasing investors buy homes to rent out or flip.
Today’s Housing Market? ‘Not the Time for Amateurs’
It may be possible to buy a home without the help of a Realtor – but it’s hard to see how given today’s multiple bid competitions for a limited number of homes.
Understanding One of the Obstacles to Closing Deals: Traffic
Florida Realtors economists: If the home is great but the traffic in the surrounding area is not, the deal might fall through. But a cool traffic tool can empower you to know if traffic in that home’s neighborhood will get the “green light.”
Lawmakers Bend a Little on Housing Trust Funds Issue
A proposal to cut 66% of Fla.’s housing trust funds led Florida Realtors to object and issue a Call for Action. Lawmakers have now changed their proposal to a 50% cut.
Some Return-to-Work Policies ‘Going to the Dogs’
Newly spoiled cats, dogs and other pets won’t like spending a whole day alone, and some firms are considering new rules that allow workers to bring them along.