Florida Realtors’ data: Single-family home sales are up 22.9% year-over-year, median sales price up 14.1%; condo sales up 30.2%, median price up 16.9%. Chief Economist O’Connor: All 22 of Fla.’s metros saw gains in closed sales – but inventory remains far below normal levels.
The pandemic relief bill has $25B for rental assistance that landlords can request on behalf of tenants. But the president must sign it and each state must distribute it.
FHA borrowers can still get help to avoid an eviction or foreclosure. FHA will also maintain temporary policy flexibilities for lenders and servicers.
Americans expect things from a 24/7 home that they don’t from an after-I-get-home-from-work home. Sterile, open-design trends seem to be quickly falling out of favor.
Overall, U.S. sales dropped a bit, prices rose strongly (up 14.6%), and the inventory of for-sale homes fell to a record-low 2.3 months as the average home sold in 21 days.
Attitudes about current conditions fell sharply this month as the pandemic spread, but there’s hope for the future: The mid-2021 expectations index rose 3.2 points.
A new law, effective April 8, 2020, prevents an HOA from enforcing or adopting rules that ban fireworks on the Fourth of July, New Year’s Eve and New Year’s Day.
A complex pandemic stimulus bill compromise appears to offer relief for landlords even as Congress extends a rental ban to Jan. 1, 2021. It also bolsters Paycheck Protection Program (PPP) loans ($284B more) and Economic Injury Disaster Loan (EIDL) grants ($20B more).
Given the chance, many American workers would never go back to the office – and new freedom would turn most of those people into new homebuyers or suburban renters.
A new law, effective April 8, 2020, prevents an HOA from enforcing or adopting rules that ban fireworks on the Fourth of July, New Year’s Eve and New Year’s Day.