Praise for Condo Inspection Laws, Fear of Timelines
In two-and-a-half years, Fla. condos should complete inspections. It’s a quick turnaround for a state with 30,000 condo associations, most older than 30 years.
Affordability Crisis: NAR Explains It to Lawmakers
Homeownership builds generational wealth, and NAR laid out potential long-term consequences if lower- and middle-class buyers no longer qualify.
You Need to Tell Vets About VA Loans
Many current and previous armed forces members know little about VA loan benefits: 17% think they need 20% down; half think it’s a once-in-your-lifetime offer.
Mortgage Rates Edge Higher This Week, Hit 5.81%
Last week, the rate increase hit a 35-year high, but this week’s 5.81% is only marginally higher than last week’s average 5.78%.
Communicate Your Unique Service Proposition
How are you different? Why should I work with you rather than any of those 10 other agents? Before a first meeting, give clients an idea of what they should expect.
1Q Home Flipping: Numbers Up, Profits Down
Home flips vary by metro, but they’ve grown as a percentage of sales (9.6%) for five straight quarters – but profit margins dipped to their lowest point since 2009.
Facebook Changing Algorithm for Housing Ads
The U.S. challenged Facebook’s “algorithmic discrimination.” Ads can no longer target recipients by age, gender or zip code in a case DOJ called “groundbreaking.”
Condo Q&A: Can Owners Install Video Doorbells?
In most condos, the outside area by a front door is a common element than owners can’t change without permission. But boards should be flexible on this one.
Out-of-Town Buyers Have Unique Needs
The first and perhaps biggest question: What made you decide to move here? Slow and methodical work in the beginning will make their visit more productive.
HUD Program First to Help ‘Homeless Encampments’
Calling it a “first-of-its-kind package,” HUD will spend $322M to help the unsheltered homeless, including some living off the land in rural communities.