New Renting Option: Mobile Home Communities
Rather than buy a mobile home and rent the land, a Zephyrhills developer will rent both for one price – about $1,750 per month for a 3 bed/2 bath home.
Buyers Still Want Yards – Pools Not as Much
The pandemic-created love for outdoor spaces continues, though a survey of home designers found a drop in demand for pools, solar panels and smart home features.
RPR Updating Mobile App on Tuesday
The Realtor app that generates buyer and seller reports was updated. The new version goes live Tues., and members need to update the RPR Mobile app on their devices.
Mortgage Rates Drop a Bit, Down to 5.13%
Rates appear to have hit at least a temporary plateau in the low 5% range. Last week, the 30-year, fixed-rate mortgage averaged 5.22%.
Confidence Dips in Multifamily Sector
NAHB’s multifamily survey found mixed results in the second quarter, as a drop in optimism for condo builds overshadowed an increase in outlooks for apartments.
NAR: U.S. July Home Sales Fell 5.9%
Properties didn’t stay on the market long (14 days), prices climbed 10.8% year-to-year, and inventory is starting to grow in the face of higher mortgage rates.
CFPB: Financial Firms Liable for Data Leaks
Credit scorers, lenders and other financial firms that collect personal data have a duty to keep it safe – and a liability if they don’t – the U.S. consumer bureau says.
Fla.’s July Housing: Median Prices Up, Supply Easing
Florida Realtors: Fla.’s single-family median price up 16.1% ($412K), condo median price up 20.6% ($305K). Mortgage rates, prices impact sales, and inventory is up.
Airbnb Rolls Out New Screening to Stop Parties
In Canada and Australia, the screening system led to a 35% drop in parties after considering things like weekend dates, renter proximity and their Airbnb history.
A Simple Trick to Save for a Down Payment
Renters usually cut back expenses to save for a down payment, so downsizing their apartment to one less bedroom might get them into a house within a few years.