Biden Order: HUD to Study LBGTQ Protections
An Executive Order issued on LGBTQ protection requires HUD to identify housing issues, provide guidance and create training under a goal-specific timeline.
Fed Attacks Inflation, Largest Rate Hike Since 1994
With inflation up to a 40-year high of 8.6%, the Fed raised its key interest rate by 3/4ths of a point and suggested that more hefty rate increases are likely.
Fla.’s Investors Pull Back in 1Q 2022
Fla. has 4 of the top 10 cities for real estate investors, but they’re pulling back. U.S. investor purchases dropped 11.5% in 1Q 2022 compared to the previous quarter.
Recession Ahead? Most Economists Say ‘No’
Despite inflation, sinking stocks and Fed moves, most economists say consumers – the primary drivers of the economy – are still spending money at a healthy pace.
Redfin and Compass Announce Lay-Offs
Redfin said Tuesday it would lay off nearly 500 employees. In an SEC filing, Compass said it plans to lay off 10% of its workforce.
NAHB: Builder Confidence Dropped Further in June
The builder association’s measure of attitudes has dropped for six months in row, hitting 67 in June. But any number above 50 reflects optimism over pessimism.
Smart Appliances Are Even Smarter than You Think
In future smart homes – they already exist – the fridge may order groceries, the dryer could call a repair man, and everything can be controlled from a single location.
RE Investors See Opportunity in a Downturn
Under the “buy low, sell high” theory of investing, some larger single-family landlords see economic downturns as a chance to increase their inventory.
An ARM Saves a Typical Buyer $15K Over 5 Years
In exchange for that savings, however, buyers accept risks. Adjustable rates reset at a future point, and interest rates could be uncomfortably higher when they do.
Client Communication: Start with Video, End with Email
In the beginning, phone and video calls build relationships – but once transactions get serious, email creates a searchable archive of the process.