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.
Pandemic Boosted Interest in Outdoor Living 65%
What will you find as new listings come into the market? Privacy and group spaces were a general priority, with an uptick in demand for nicer seating and fireplaces.
RE Q&A: I Missed a Deposit Deadline: Can the Builder Cancel?
Housing construction prices have gone up, and a builder cancelled a pre-order because the buyer missed an intermediary deposit deadline. Can they do that?
Fla. House Plans to Target Flooding, Sea Level Rise
The House floated “a suite of bills” to address climate change, including a tax break for owners who elevate homes and money for local governments that create programs. Gov. DeSantis proposed changes earlier, but many differences must now be worked out.
Economy is Booming, But not for All
Expect a rosier economy in 2021 as COVID-19 cases drop, business restrictions loosen and stimulus aid juices growth. But many still struggle due to pandemic issues.
Is Social Media a Bigger Priority Than Email for Growth in 2021?
Study: 44% of real estate agents said posting on social media resulted in a new client in 2020; 82% said their 2021 growth strategy is to “improve their social media.”
Must Landlord Renew Lease of Tenants Who Don’t Pay on Time?
RE Q&A: First step? Check the lease agreement. Most residential leases require a new agreement to be signed each year, and don’t allow the annual lease to be renewed.
The Right Way to Handle Tenant Relief Requests
Landlords have strategies to help negotiate tenants’ rent relief, but they need to know what’s behind the request. Is it a delayed reaction to COVID-19’s impact?
Canadian Snowbirds Leave Fla., Face Tighter Border Rules at Home
Anyone flying back to Canada must stay in a government-approved hotel at their expense for 3 days to wait for the results of a now-mandatory COVID-19 test. Those driving back must show evidence of a negative test result at the U.S.-Canadian border.