Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Fla. will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”
The pandemic will end slowly, and inventory will grow only if more sellers decide it’s safe to move, which could start slowly in the spring and expand by the fall.
In 2 out of 3 U.S. markets, it’s cheaper to buy a home than rent – but the percentage is higher in Fla., and the study cited Tampa as one of the top markets for buying.
Appraisal policies may (or may not) change, but the industry’s federal oversight administration put out a request for comments about current home appraisal practices.
Routine isn’t bad, but it can stifle change as agents check off boxes in a daily routine. These 6 productivity tips can help brokers breathe new life into the business.
The number of listing price cuts flatlined Feb. to March at around 4% because some sellers expected a buyers’ market to appear – but they dropped to 2.9% in April.
In a “watershed overhaul” of money laundering laws, all shell companies involved in U.S. transactions – real estate and others – must now identify the owners’ names.
Fannie and Freddie will no longer fund condo loans in high-rent vacation areas. Bankers say entire complexes, even with few rentals, may be ineligible for financing.
It will probably take several more weeks for newly approved rental assistance to trickle down and cover tenants’ past-due rents. Fla. will likely receive about $1.4B. It’s not enough, but it should cover the past-due rent balances ($6,000 each) for more than 200K Fla. households.
A monthly survey for Dec. found market optimism dipping. It could be pandemic fatigue, a delay based on future vaccine hopes or frustration over a lack of inventory.