Commercial Website Reports Strong Interest in Office Space
The listing site, CommercialCafe, says a rising count of visitors are interested in commercial office space – a number that surpasses even pre-pandemic records.
Some Ultra-Rich Buyers Purchase a Home for Their Boat
The pandemic sparked strong demand for boats, an acceptable social distancing activity. But a dearth of parking spots led some people to buy homes for the dock space.
Realtor.com: Listing Uptick Suggests a Return to Market Balance
Inventory remains tight, but realtor.com’s weekly housing report suggests that supply may be slowly moving a bit closer to demand as more current owners decide to move.
NAR: Pending Sales Falter a Bit in Sept., Fall 2.2%
Higher home prices and low inventory may have sparked a slight drop in pending sales in Sept., but the number still surged 20.5% when compared to Sept. 2019.
Long-Term Mortgage Rates Flat this Week – 30-Year at 2.81%
The average 30-year, fixed-rate mortgage barely moved from last week’s record-low 2.80%. One year ago, the average 30-year FRM averaged 3.78%.
Builder Confidence in 55+ Housing Hits Record High
Builders see home-sales gold in a sea of retiring boomers. In a 55+ Housing Market Index where 50 is an optimism-pessimism balance, the index saw a rise to 83 in the 3Q.
Fed Analysis of Pandemic EIDL Loans: Up to $78B Could Be Fraud
The SBA issued Economic Injury Disaster Loans (EIDL) to small businesses in the early days of the pandemic, but a new federal analysis suggests that up to 37% of the money SBA doled out, about $78B, has red flags in borrower applications that hint at possible fraud.
More Retailers and Landlords Squaring Off Over Rent
In the early stages of the pandemic, most landlords and retailers found common ground dealing financial stress. But those bonds are weakening as the pandemic drags on.
Leases: How Does the Money Flow?
When tenants fail to pay deposits and advance rent on time, members sometimes get confused about the (up to) five different legal relationships lurking beneath the surface. This article should help untangle where everyone stands.
Smart Home Gear: What Transfers to the Buyer?
For many buyers, especially millennials, “smart home” is an MLS selling point. But with new tech tools being released and updated at breakneck speed, which smart-home upgrades stay with the house and which ones move out with the seller?