2 out of 5 CEOs Predict Full Recovery in 2021
How long will an economic rebound take once the nation moves past COVID-19? Many CEOs expect a strong bounce-back once Americans feel safe outside homes.
Office Landlords Hope Vaccines Will Jump-Start Sector in 2021
Wall Street Journal: “Hundreds of billions of dollars of office building value and mortgages depends on the timing and scale” and its impact on office leases and rents.
COVID-Stricken Couple Says HOA Forced Them to Stay Home
S. Fla. condo owners filed a lawsuit alleging their board deactivated key fobs and threatened arrest if they visited common areas after a positive COVID-19 diagnosis.
Realtor Magazine: 2020’s Top Stories for Brokers
Business changed quickly in 2020, from “the sky is falling” to “we can’t keep up” in a matter of months. NAR editors picked the top advice articles for brokers.
2021 Fla. RE Economy: To Plan, You Must First Understand
Fla.’s residential and commercial markets have synergy: Changes in one impact the other. Florida Realtors’ economists will explore their business bond in a Feb. 4 webinar.
Case-Shiller: Oct. U.S. Home Prices Up 1.4% Month-to-Month
The head analyst calls it “surprising strength,” noting that Oct. prices rose 8.4% year-to-year – even higher than Sept.’s surprising 7.0% increase.
NAR: Nov.’s Pending Home Sales Slide 2.6%
It’s the third consecutive month-to-month declines for signed contracts, but in a year-to-year comparison, they were up 16.4% – and every division was up double digits.
Benchmark U.S. 30-Year Mortgage Rises Slightly to 2.67%
After hitting a new record-low of 2.66% the week before, Freddie Mac said on Thursday that the average rate for a 30-year, fixed-rate mortgage bumped 0.01% higher.
Relocators Head to Sunny Sites – 5 Fla. Cities in Top 20
Report: Of the top 20 cities preferred by relocating Americans, 17 offer sunny, warm weather – and that list includes 5 Fla. metros from Tallahassee to Fort Myers.
Bill Signed: Rental Assistance, Stimulus Checks On the Way
After a short delay, the president signed a COVID relief package that offers financial help to landlords who cannot evict tenants during the pandemic, and $600 payments for many Americans. NAR posted updated info on how the rental-reimbursement program will work.