Inflation Ahead? Top Economist Says It’s Complicated
The pandemic boosted consumer demand, but supply chains can’t keep up, causing inflation. But after this temporary condition ends, what’s next? Economists can’t agree.
Economists Evaluate Commercial Real Estate’s Recovery
REIT magazine interviews: Five economists generally agree that commercial real estate is recovering from pandemic shutdowns, though that will vary by sector and geography. Still, there’s a light at the end of the tunnel, and the U.S. will recover faster than the rest of the world.
Airbnb: No Listings Coming from Pandemic-Era Evictions
Airbnb wants to “send a strong message” that helps keep people in homes and won’t accept new short-term rentals if told a tenant was evicted for nonpayment of rent.
RE Q&A: House Paid Off but Ex-wife’s Name Still on Deed
A divorce decree that awards the house to one spouse is akin to a set of instructions – and difficult situations can arise if those steps aren’t completed.
Uptick in Lender Complaints Over Maternity Leave
When considering loan applications, lenders can’t consider maternity leave without violating a Fair Housing Act protected class. But complaints suggest some do anyway.
Hydrologist: The 100-Year Flood Isn’t What You Think
If a home in a 100-year flood zone was submerged five years ago, it’s not necessarily safe for 95 years. Each year it has a 1% chance of flooding, regardless of history.
Flipping Rates Fall as Home Prices Rise
ATTOM: Only 2.7% of single-family homes and condos in 1Q were considered a house flip down from 4.8% during 4Q 2020 and from 7.5% year-to-year.
Mortgage Rates Drop Again, Falling to Average 2.93%
Inflation hasn’t pushed mortgage rates higher because the market believes it’s only temporary, says Freddie Mac chief economist.
Zoom Entices Workers to Declutter Their Homes
The downside to Zoom calls? Hundreds of people see your home – and how well you clean. While 73% clean more, 18% feel “house shame” and use virtual backgrounds.
Housing Crisis Requires Once-In-A-Generation Response
Calling the current housing shortage “dire, with a chronic shortage of affordable” homes, NAR suggests steps to take but warns it requires a “major national commitment.”