Pandemic May Push Demand for Multigenerational Housing
The pandemic had a big impact on nursing homes and their high concentrations of older adults. Now more families are expected to keep older relatives nearby as they age.
Profitable Real Estate Investments During the Pandemic? Where?
Lucrative real estate investments change with the times. Rentals, flipping, certain types of commercial properties, REITs and REIGs may be the way to go now.
Provision Would Force all Shell Companies to Reveal Ownership
A move to fight money laundering promoted by Sen. Rubio would require shell companies in real estate transactions nationwide to identify their actual owners.
Courts Say Business Interruption Insurance Covers COVID-19
Two courts so far, one in Fla., have ruled that an owner with business interruption insurance deserves compensation, even if one policy doesn’t cover “viruses.”
Climate Change’s Impact on RE: It’s Not Just Home Values
In Miami, rising seas are redefining neighborhoods. Gentrification in higher-elevation, low-income neighborhoods is pushing affordable housing into lower-lying areas.
Fla. to Receive $2.5M for Veteran Housing Assistance
In Fla., 16 housing authorities statewide will receive money to help veterans keep a roof over their heads. It’s part of a $46M package of aid awarded by HUD.
Golf Club Communities Back on Buyers’ Radars
Developers’ push for golf course communities peaked around 1990 before demand started to collapse. But the COVID-friendly outdoor activity is popular again.
NAR: Financing and Appraisals Cause Transaction Delays
A lot of things can go wrong between contract and closing. NAR’s latest survey identifies financing (30%) first, but appraisals ties “Other” (21%) for third place.
NAR: Summit Economists Expect Good Things in 2021
More than 20 economic housing experts at NAR’s Real Estate Forecast Summit discussed a post-pandemic 2021 and, as a group, predicted the economy (GDP) will grow 3.5% (6.2% in 2022), home prices will climb 8% (5.5% in 2022) and mortgage rates will average 3% (3.25% in 2022).
Mortgage Rate Unchanged From Last Week’s Record Low
Last week, the average 30-year, fixed-rate mortgage hit its 14th record low this year, and it held onto that 2.71% rate. The 15-year loan was also unchanged at 2.26%.