Fewer First-Time Buyers Choosing FHA Financing
In 2018, 31% of first-time buyers got an FHA loan; in 2020, it was 29%; In Jan., it was 24%. Newer 3%-down conventional loans may be part of the reason.
Unhappy with the Eviction Ban? A Federal Judge Agrees
A federal judge ruled the eviction ban is unconstitutional and has never been done before – but he didn’t issue an injunction stopping it, and DOJ says it will appeal.
Has Real Estate Been Good to You? Return the Favor
Industry-changing ideas start as a suggestion proposed during a Florida Realtors committee meeting. Be part of the change. Apply to serve with Pres. Christina Pappas in 2022.
How Does the New Proposed Stimulus Bill Help Real Estate?
The House-passed bill is now in the Senate, and NAR expects most major provisions to pass. The latest stimulus includes aid for state and local governments, new homeowners’ assistance funds, small-business grants, rental-assistance funding, expanded unemployment and more.
Future of Short-Term Rental Investing? App Going Worldwide
An app debuting in June seems to be a mashup between crowdfunding, dating and short-term rental investing. Users can invest in property worldwide using only a smartphone.
Cash-Paying Out-of-Towners Frustrate Local Fla. Buyers
Brokers are getting more calls from out-of-staters, and the demand isn’t limited to Fla.’s traditional feeder markets. It adds yet another challenge for local buyers.
Study: ‘Zoom Fatigue’ Is Real – But This Can Help
Some conditions make Zoom meetings more tiring than face-to-face meetings: Lack of mobility, added work to read nonverbal cues and way too much up-close eye contact.
Jan. Construction Spending Up 1.7%, Single-Family Up 3%
Overall residential spending increased 2.5%, boosted in part by higher demand for outer-urban areas where builders have more land to develop.
Coronavirus and Real Estate: Market Changes in 2020
Study: Homeowners gained $3.1T in equity last year, prices rose at a rate not seen since 2013, inventory dropped by 24% and 58% of buyers faced a bidding war.
Some Retirees Making ‘No Nearby Airbnb’ a Priority
As the short-term rentals gain more notoriety, an uptick in homebuyers, notably retirees, have put “an area than bans Airbnbs” on their list of desired features.