Push for Multi-Gen Housing Tied to Fear of Senior Living Homes
While cultural and financial concerns push demand for multi-generational housing, more adult children now think it’s also a way to keep Mom and Dad safe as they age.
NAR Board Changes: MLS Standards, Tax Policies and More
In addition to Code of Ethics changes, NAR’s board approved 8 recommendations for consistent MLS standards and approved greater support for housing-shortage policies.
CFPB Website Helps At-Risk Homeowners and Renters
More homeowners are heading toward default even though they have forbearance or other options, and CFPB is encouraging lenders to share their info with clients.
How Do You Get a Home Loan After Retirement?
In general, monthly income helps mortgage qualifying more than retirement money in the bank. Retirees should prep for a purchase a few months before they plan to buy.
Survey: 2 Out of 3 Buyers Shopped for More than 3 Months
2 out of 5 (38%) actively engaged homebuyers said high prices kept them from actually submitting a bid, while 30% said they’d put in an offer but were outbid.
NAR Approves Changes to Professional Standards Rules
The board voted to add Standard of Practice 10-5, which requires Realtors “not use harassing speech, hate speech, epithets or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation or gender identity” even outside real estate transactions.
Unique Challenges Continue to Arise in Commercial Real Estate
Florida Realtors’ Economist: NAR released its Commercial Market Insights report, and it suggests that nuances between asset types and class indicate opportunity and risk.
Pandemic Boosts the Popularity of Online Rental Scams
More crooks scrape your for-sale or for-rent ads, change contact info and try to scam renters out of money – a crime tactic that works even better during the pandemic.
Industry Says It Supports $15K First-Time Buyer Tax Credit
However, a tax credit for first-time buyers, part of Pres.-Elect Biden’s housing plan, won’t do much good if a low inventory keeps pushing prices higher.
First Affordable Housing REIT Puts Spotlight on Growing Sector
The affordable housing sector has proved resilient, and the new real estate investment trust (REIT, which trades similar to stocks) will focus on Opportunity Zones.