A Secret Stash of Leads?
Listings that expired more than a year ago may offer opportunities. Owners who didn’t sell for some reason may not realize how much equity they’ve gained since then.
NAR Group to Study Crypto’s Real Estate Impact
NAR’s president created a presidential advisory group (PAG) to study cryptocurrency’s growing real estate influence, suggesting, “We should consider our own platform.”
Not Just Hurricanes: Fla. Also Faces Wildfire Risks
Realtor.com added “wildfire risk” to all listings, and while 6% of Fla. homes face a threat, that number could double by 2052, according to the rating company.
Survey: 25% of Buyers Now ‘Undecided’
Inflation has changed perceptions. More potential homebuyers must now use money to pay for daily essentials, and credit card usage rose 49% in 1Q 2022.
More Sellers Charged Capital Gains Taxes
Sellers can shield $250K of profit from capital gains taxes, but as home values rise, some filling out their IRS forms now discover that Uncle Sam wants a cut.
NAR: U.S. Homes Sales Dropped 2.4% in April
Year-to-year, sales dropped 5.9%. The inventory of for-sale homes, while higher at a 2.2-months’ supply, means the U.S. remains in “seller’s market” territory.
Mortgage Rates Slip a Little, Down to 5.25%
“Economic uncertainty causes rate volatility,” says Freddie Mac’s chief economist. The average 30-year, fixed-rate loan moved down a bit from last week’s 5.3%.
Fla. April Home Median Prices Up, Limited Supply
Florida Realtors: Fla.’s single-family median price up 21.8% to $410K. Condo median price up 24% to $310K. Higher interest rates and tight inventory slow sales.
Latest Fake Online Listing? The ‘Full House’ House
Zillow featured the home used for the TV show “Full House,” only to walk it back and say the property, listed for $37M, wasn’t actually for sale.
Home Affordability Down – But It’s Been Lower
A median-priced home was 79% less affordable historically in 1Q 2022, says Attom. But even in Miami, homes are still 50% more affordable than they were in 2006.