Survey: Why Move During the Pandemic? The Reasons Shifted
In the early days of lockdowns, most people moved to secure more space. By fall, relocators were more likely to cite financial stress as their primary reason.
Question Keeps Popping Up: Are We in Another Bubble?
Some analysts say with a financial crisis unlikely to occur and high home equity, only a buyer drop or huge uptick in sellers could spark a crisis despite rising prices.
NAR’s Clear Cooperation Policy Wins First Court Case
A federal judge dismissed the case, saying NAR’s Clear Cooperation Policy, which limits pocket listings, isn’t an antitrust issue. PLS.com, a pocket-listing service, alleges that NAR designed a stricter pocket-listing policy to damage its business model and discourage listings.
The ‘Cloffice’: Is It a Closet? Or Is It an Office?
In a search for home office space, some people have opened doors, pushing clothes and boxes aside to turn one of their closets into a small office.
Real Estate Trends: Housing Supply, Affordability Key in 2021
At Wed.’s 2021 Florida Real Estate Trends, NAHB Economist Dr. Robert Dietz called 2020 “a surprise year for growth,” and he along with other presenters generally agreed that the strong market will continue into spring, held back only by the need for more newly built homes.
Mortgage Rates Unchanged This Week, Hold at 2.73%
Rates for 30-year, fixed-rate mortgages hovered near record lows again this week. Freddie Mac’s chief economist encouraged lower-income homeowners to refinance.
Does Airbnb Impact Local Housing Prices and Rents?
A study comparing listings to Airbnb properties found short-term rentals can boost property values in high-rent areas – slightly less if there’s high owner-occupancy.
4Q 2020 White Homeownership Rate Hits Nine-Year High
However, the ownership rate for Blacks fell. The overall rate rose to 65.8% in the fourth quarter, but it’s 74.5% for white Americans and 44.1% for Black Americans.
How Do We Sort a Sale of Our Deceased Mother’s Home?
RE Q&A: Two out of six children want to buy the property, and one sibling has since died. Who gets money? Does a share go into the deceased brother’s estate?
Why Aren’t Homeowners Selling? Lots of Good Reasons
In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down.