The tight listing inventory has led to an uptick in phone calls asking homeowners if they’re interested in selling – but occasionally U.S. and state do-not-call laws are ignored. The Fla. Dept. of Agriculture says complaints are up 41% this year, and it wants all violations reported.
During the Great Recession, some owners treated their home like a piggy bank, later finding themselves underwater. Don’t make that mistake again, Fannie’s chair says.
The UF gauge of Florida consumer outlooks fell in May but rose 1.5 points to 82.7 in June. Economist expects confidence to “keep recovering slowly in the months ahead.”
The April Case-Shiller home price report found prices rising at their highest pace since 2005, and the forces pushing prices higher offer “little evidence of abating.”
National consumer confidence has moved higher four months in a row, and June numbers hit their highest level since the start of the pandemic – in March 2020.
Cities drew from various federal pots to fund hotel rooms for the homeless during the pandemic – but now officials expect thousands will be back on the street.
The Realtors Relief Foundation formed during the aftermath of 9-11. In the past 20 years, it’s helped over 17,000 families and distributed $33M in housing-related aid.
What’s the future for office space? Employees are being called back to the office, but the new office-home balance likely won’t be clear until the end of the summer.
In addition to a foreclosure extension, owners with an FHA home loan now have forbearance extension options and can find help via FHA’s new outreach program.
The consumer bureau’s acting director, Dave Uejio, says the foreclosure-ban end will “drain billions of dollars in wealth from the Black and Hispanic communities.” The rules require lenders to assertively help homeowners stay in their homes and understand their options.