Housing Values Doubled Since Great Recession
Analysis: 2021 price increases were “eye-popping,” and in one year, Fla.’s share of the U.S. market grew from 6% (2020) to 6.4% (2021).
OUR Fla.: 201.1K Families Helped, $1.09B Promised
The program says the aid covers applications since May 10, 2021. It approved $22.9M so far this month to help 4,219 families pay for rent and/or utilities.
Average Photography Cost for a Fla. Listing? $225
A four-year study of photography costs found an uptick in many areas, though not the Southeast. The national average photo service cost is $229.
Fed Chair: Interest Rates Could Go Up Faster and Further
Federal Reserve Chair Jerome Powell warned Monday that the Fed could get more aggressive in raising interest rates if inflation continues to be a threat.
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?