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.
3 Out of 5 Fla. Homes Under Contract in Less Than 30 Days
Florida Realtors economist: NAR research found that homes nationally went under contract in a median of 21 days, and 72% of homes were under contract within 30 days. Fla.’s numbers are similar – but there are notable differences if you drill down into the details.
RESPA Guidance for Your Holiday Gifts and Promotions
In some cases, generosity might not be a good idea – but in other cases, it’s fine. How can you thank important business friends during this holiday season?
Virtual RE Classes to Continue Past Existing Dec. 31 Deadline
Early in the pandemic, a switch to virtual real estate class programs was done quickly. It will continue, but rules, details and compliance issues are being worked out.
High Court Takes on Fannie, Freddie Presidential Power Case
Rank-and-file Realtors rarely see their lives impacted by Fannie Mae and Freddie Mac, but oversight decisions could impact mortgage availability and rates nationwide. One question before the court: Does their current structure violate the U.S. Constitution?
Tight Inventory Boosts Manufactured Home Searches 50%
A dream of a “home of our own” has pushed more potential buyers frustrated by a low inventory of for-sale properties to consider manufactured housing.