Study: Home Value Disparity Grows Between Whites, Minorities
An Oxford University Study found that the gap in home values in white-majority vs. minority-majority neighborhoods is larger than it was 40 year ago.
ULI International ‘Future of Work’ Study Finds ‘Flexibility’ Focus
A global survey of real estate players found “increased flexibility” to be a central theme going forward. Respondents expect increased remote work, including from home (96%) and outside the home (72%), plus an increased reliance on suburban satellite offices (67%).
Oct. Fla. Consumer Confidence Dips After Surge in Sept.
Fla. consumer sentiment declined 2 points after the largest one-month gain on record. Researchers now have their eyes on Nov. and the possible impact of U.S. elections.
Reverse mortgage: Who is it right for?
After a Denver 89-year-old lost her life savings, the state’s top lawyer said a reverse mortgage can be a good choice for some – but carefully check out the lender.
Stop Saying ‘Starter Home’ – It Might Work Against You
For some buyers, a small home – really, almost any property that makes them a homeowner – is a dream home, and “starter” downplays the achievement.
More Restaurant Landlords Offering Percentage-Only Rent
Commercial landlords don’t want to lose important tenants whose money struggles might end with a vaccine. As a result, they’re seeking some type of rental middle ground.
Brisk Weather Makes You Think About Patio Heaters? Good Luck
Propane patio heaters are the “new toilet paper.” With the outdoors safer for avoiding the coronavirus, demand from Northerners has already decimated the supply.
NAR’s 2020 Virtual Trade Show Offers Deals Online
The first virtual conference started yesterday; the entire event runs Nov. 2-18. The theme is “Reset, Refocus, Get Reinvigorated and Find Your ‘R’!”
CFPB Changes Rule That Would Make Mortgages Harder to Get
Fannie and Freddie would have tightened their loan standards on Jan. 10, mainly for debt-to-income ratios, but CFPB extended that date due to pandemic concerns.
Economy Rebounded 33.1% – but Second Downturn Expected
The U.S. had an amazing rebound in 3Q, but the Commerce Dept. predicts a second economic dip and slower rebound in 2021 if there isn’t another stimulus package.