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.
Beware of Summer Rental Scams
Criminals don’t just post fake home sales or apartment rentals online. They also advertise fake summer rentals. Take safety precautions before making a deposit.
Economy’s Future Unclear, ‘Soft Landing’ Less Likely
The Fed chair had hoped rising interest rates would slow the economy enough to halt inflation – but so far it hasn’t. As a result, bigger rate hikes are expected.