Why the Buyer Frenzy? Fear of Missing Out (FOMO)
What if today’s tight inventory gets even tighter? What if mortgage rates go up? NAR’s chief economist says strict lending laws keep a real estate bubble at bay.
Most Important Part of Email Marketing? Your Subject Line
Not just any subject line will do, according to a recent consumer survey. “Just sold in your area” and “real estate market snapshot” topped the list of winners.
1 in 5 U.S. Homes Now Multi-Generational
Children may move home, but many multi-gen homes are to help middle-aged adults take care of aging parents – and enjoy the benefits of trustworthy in-house babysitters.
Want to Invest in an Airbnb? 8 Things to Consider
Many concerns mirror other real estate investments, but some are unique. Location is important, for example, including the neighborhood – not just “close to attractions.”
Florida Realtors Donates $500K to NAR’s Realtor Relief Foundation
The 1-time donation will help RRF develop a sustainable reserve fund. Pres. Lambert: “I’m always so proud of how Realtors respond when someone needs a helping hand.”
May Consumer Confidence Virtually Unchanged Since April
Americans feel a lot better about their current situation and less excited about the future. However, global consumer confidence indexes soared higher.
More Younger Buyers Appreciating Older Homes
Affordability is important, but for some, an older home is like comfort food during pandemic lockdowns. Plus, more buyers now want a home without a great room.
Affordable Fla. Homes Scarce – But Especially in SW Florida
Florida Realtors economist: Whatever the price point, buyers have fewer options this year than they did last year. But the affordable home supply suffered the most. The amount of single-family homes with a value of $300K or less declined over 60%.
March Home Prices Soar – Highest Increase Since 2013
S&P Case-Shiller: An army of buyers competing for fewer homes pushed prices up 13.3% in March, for the biggest year-to-year home price gain since December 2013.
HUD Offering $145M to Help Homeless Youths
Up to 50 local or rural communities can apply for money through a competitive funding program that’s designed to help youth “change the trajectory of their lives.”