30-year Mortgage Rates Jump to 3.17%, Highest Since June
That’s up from 3.09% last week – a year ago, it was 3.5%. While rising, rates are still near historic lows as the Fed keeps interest rates near zero for now.
That’s up from 3.09% last week – a year ago, it was 3.5%. While rising, rates are still near historic lows as the Fed keeps interest rates near zero for now.
Also: If a condo association changes rules, grandfathering protects residents – but that grandfather benefit can disappear if the protected item changes slightly.
Some owners expand or change floor plans to create dedicated home offices or increase functionality. The remodeling industry may see a 10.7% sales growth in 2021.
Condo sales have spiked thanks to a steady influx of new residents, an ultra-tight inventory of single-family homes and more optimistic attitudes due to the vaccine.
Fla.’s House speaker and Senate president proposed a permanent two-thirds decrease in the state’s affordable housing trust funds. Florida Realtors immediately objected.
An idea proposed in Calif.: The government buys at-risk coastal homes, rents them out, makes money over time, and then razes them if/when they’re no longer habitable.
Vacancies, deterioration, racism and discrimination are tied together, says NAR partner. Its six-part webinar series will explore the problem and discuss solutions.
The Federal Reserve is studying the benefits of digital dollars, but the chair says is too volatile and “essentially a substitute for gold rather than for the dollar.”
The broad goal to landing a listing? First, get the seller to like and trust you. Be knowledgeable about the current real estate market as well as their specific property.
Florida Realtors economist: The most often discussed form of stimulus from the government? Direct payments to qualifying Americans. But low interest rates offer another form of stimulus for homeowners who are able to refinance.