Homesteaders Compete with Investors for Homes
Investors stepped up their game this year, buying an estimated 16%-27% of single-family homes, often because they have the strongest financial backing.
70% of Medical Expenses Won’t Hurt Credit Scores
Effective July 1, paid medical collection debt won’t be used for credit scores by the three main U.S. scorers, and unpaid debt won’t appear for a full year.
What Do Real Estate Brokers Expect this Spring?
A panel of brokers from across the country shared views on market changes and their expectations. For one, this spring season won’t be a usual one.
Older Condo Residents Impacted by Stricter Rules
After the condo collapse in Surfside, officials increased oversight of older condos with safety issues. In Miami-Dade that included evictions pending improvements.
In 2020, Homes Made More Money than Jobs
The median worker earned about $50K, and the average home made about $52.6K last year, according to Zillow’s home value index.
Will Mistake Require A New Election?
Also: A condo made up mainly of older adults wants to make it official and become a 55-plus community. Is that allowed? And how do you do it?
Last Suspect Arrested in Miami-Dade RE Fraud Scheme
The last of three suspects in a S. Fla. rental scheme is in jail. The trio allegedly acted as a Realtor and homeowners to defraud hopeful tenants.
Fla. CFO Arrests 2 for Roofing Insurance Fraud
CFO Jimmy Patronis says the Naples contractors offered homeowners a “free roof” and said they could avoid paying deductibles if they signed “ad agreements.”
Fla. Home Median Prices Rise, Supply Tight in Feb.
Florida Realtors: Fla.’s single-family median price up 21.1% to about $381.5K. Condo median price up 24.3% to $290K. Sales down due to tight supply, rising rates.
NAR: Feb. Existing-Home Sales Drop 7.2%
Year-to-year, sales declined 2.4%. NAR’s chief economist calls it a “double whammy” for buyers who face rising mortgage rates and sustained price increases.