Home Sellers in 2020 Averaged $69K in Equity
ATTOM: In 2020, the average seller made $68,843 on the sale last year, a notable two-year increase compared to the $48,500 they made in 2018.
Study: 18% of Renters Behind on Monthly Payments
The average delinquent renter currently owes about $5,600 – including utilities and late fees – or about four months of missed payments, according to the analysis.
Floridians’ Jan. Confidence Largely Unchanged – but Up
The biggest optimism spike focused on current financial situations, which rose 4.7 index points, from 68.3 to 73.0. Overall, 3 components went up and 2 went down.
Law Gives Commercial Tenants More Leniency in Bankruptcy
The last COVID-19 stimulus has provisions that impact commercial leases. Some new underpinnings of bankruptcy law were changed to help businesses in trouble.
Citizen Ins. Proposes Direct-to-You Sales Without Agents
The chair of Fla.-owned Citizens Prop. Ins. floated an idea: Rather than sell policies through independent agents, use in-house agents that deal directly with homeowners.
NAR Joins Coalition Calling for Clarity in Rental Assistance
A Dec. law had $25B for landlords hurt by non-paying tenants during the eviction ban, and the coalition wants the government to prioritize that rent relief for landlords.
Condo Q&A: Are Virtual Board Meetings Legal?
Also: A condo owner parks two cars in a short driveway, and the back of one juts into the main road. He claims it’s due to a disability. Must the association allow this?
CDC Extends Eviction, Foreclosure Ban to March 31
The U.S. Centers for Disease Control and Prevention (CDC) officially moved the ban on foreclosures and evictions to March 31. However, further extensions could be considered by lawmakers in a new pandemic stimulus bill being negotiated by Pres. Biden and Congress.
Tax Season: Can You Deduct COVID-19 Expenses?
Between working at home and kids learning from home, many Americans are hoping for tax breaks this year. However, like most tax matters, it’s complicated.
Marketing on Social Media? Don’t Be ‘Vanilla’
An occasional, “This is interesting – think I’ll post it,” won’t work. Postings should be scheduled, intentional and analyzed.