RE Q&A: Is Now a Good Time to Start Being a Landlord?
To be successful, treat it like a business. Keep a cushion of several months’ expenses to carry the property’s costs in case of any issues like a non-paying tenant.
How Much Can You Save by Downsizing? It Depends
In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home. Miami metro downsizers were 5th on the list for savings.
Homeowner Equity Grows to Nearly $3T in Q2
CoreLogic: Homeowners with mortgages – about 63% of all U.S. properties– saw a 29.3% annual increase in equity, averaging out to a gain of about $51.5K per borrower.
Facebook Down: 4 Ways to Be Ready Next Time
If you pay a vendor to handle Facebook for you, make sure you know how that vendor will handle a disruption like the outage that happened on Oct. 4 under your agreement.
Investors Bet Flexible Leases Are a Lasting Trend
Remote work sparked demand for short-term housing with flexible terms. Some estimate the number of workers who remain fully remote will eventually top out at about 20%.
NAR Urges Congress to Work on Long-Term Debt Ceiling Solution
Such a solution is needed to “maintain stability and faith in the American economy,” said NAR Pres. Charlie Oppler, following a meeting at the White House.
In Memoriam: 1971 Florida Realtors Pres. John R. Wood, 1929-2021
A real estate leader and role model who knew how to “light up a room,” the former Florida Realtors president and NAR president died Aug. 4, shy of his 92nd birthday.
Mortgage Rates Decrease Slightly
The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week.
Real Estate Investors: Less Optimistic About U.S. Housing Market?
RealtyTrac: 48% of individual RE investors see the investment market as worse than a year ago; and 57% of investors cite lack of available inventory as a top concern.
Condo Prices Are on the Rise in Florida
More buyers are turning their attention to condos and townhomes these days. Realtor.com’s top 10 list for growth in condo and townhouse prices includes six Fla. cities.