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%.
Report: Gov’t Intervention Avoided a Housing Market Meltdown
If not for forbearance programs, the market could have seen as many foreclosures as it did during the Great Recession, according to Nationwide Housing’s latest report.
3 Top RE Economists Predict Slower 2021 Price Increases
Economists at a real estate editors forum Wed. agreed that prices would keep going up, but predictions varied from 3% (NAR) and 4.1% (CoreLogic) to 5.7% (realtor.com).
Mortgage 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%.
Pet Breed Restrictions Don’t Apply to Emotional Support Animals
Governing docs for pets may ban pit bulls, but if a person has the needed documentation to show his pit bull is an emotional support animal, he can apply for a lease.
Still Using Form Simplicity’s Legacy Platform? It Ends Dec. 15
Florida Realtors’ transaction management program has offered 2 versions for more than a year. The legacy program ends Tuesday, but update training remains available.