4Q 2020 White Homeownership Rate Hits Nine-Year High
However, the ownership rate for Blacks fell. The overall rate rose to 65.8% in the fourth quarter, but it’s 74.5% for white Americans and 44.1% for Black Americans.
How Do We Sort a Sale of Our Deceased Mother’s Home?
RE Q&A: Two out of six children want to buy the property, and one sibling has since died. Who gets money? Does a share go into the deceased brother’s estate?
Why Aren’t Homeowners Selling? Lots of Good Reasons
In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down.
Fla. Ranks No. 2 for Short-Term Rentals Listed on Airbnb
Vacationers see private home rentals as a safer pandemic option, and demand has gone up. Fla. ranks second after Calif. with 154K listings and an occupancy rate of 55%.
RE Q&A: Statute of Limitations Can Prevent Enforcement
Also: A condo board member purchases units at foreclosure sales – but that’s not allowed, right? And are front-gate employees allowed to photocopy license plates?
Revamping Social Media? 5 Absolute Necessities for 2021
Get ready for your close-up. Thanks to social distancing and Zoom meetings, buyers and sellers online expect to see faces telling stories.
2 in 3 Buyers Surprised by How Much House They Can Afford
Study: 47% of first-time buyers found that their budget allowed them to afford a larger house than they thought they could afford – but 21% had to lower expectations.
Come on Down! Fla. Attracts Retirees and Many More
Florida Realtors economist: Marketing to out-of-staters and wondering which demographic group to target? The most-cited reason for moving to Florida is retirement (39%), but many others come for the jobs (23%), the lifestyle (21%) and family (17%).
Push for Association Health Plans Hits Major Stumbling Block
A Trump Administration plan that would have allowed associations to offer health insurance to members, including independent contractors, has stalled. The Biden Administration now prefers increased access to Affordable Care Act (ACA) coverage.
Study Looks at the Efficiency of Fla.’s Housing Programs
Sadowski Coalition: For every dollar spent on affordable housing, “there’s a 40% return on investment (for Fla.), in addition to producing desperately needed housing.”