The group claims a “minimum price policy” business practice by Redfin benefits higher-income neighborhoods more than lower-income neighborhoods. Redfin denies the charges for “legitimate business reasons” but says it’s struggled with the issues raised.
A condo owner removed signs that said “Wear Your Mask” from the building’s main doors, and the president now accuses him of vandalism. Can he be fined for this?
The listing site, CommercialCafe, says a rising count of visitors are interested in commercial office space – a number that surpasses even pre-pandemic records.
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.
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.
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.
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%.
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.
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.
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.