Lenders like to issue qualified mortgages (QM) because they know upfront that they can sell those loans to Fannie Mae or Freddie Mac, and then fund more home purchases. A change to QM standards should, in many cases, make it easier for buyers to qualify for a loan.
Homeowners gained an average $17,000 – or almost 11% rise – in property equity this year, creating a buffer that can help in case of financial woes.
NAR: The president-elect’s proposals go further than current ones, notably over the racial wealth gap and a first-time buyer tax credit. But if he works with a divided Senate, it will force some compromises, making it hard to predict what will happen over the next four years.
Web surfers can’t tell how big a business is, but they can judge how big it looks. As the world moves online, people use digital quality to judge a firm’s competence.
Also: A condo assoc. legally mailed the proposed budget 14 days in advance, but a day before the meeting sent a new one to replace it. Should they wait another 14 days?
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.
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.
A move to fight money laundering promoted by Sen. Rubio would require shell companies in real estate transactions nationwide to identify their actual owners.
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.”
In Miami, rising seas are redefining neighborhoods. Gentrification in higher-elevation, low-income neighborhoods is pushing affordable housing into lower-lying areas.