Competition Pushes Investors into Tertiary Markets
“Flyover country” is becoming “best place to invest in real estate” country as investors seeking higher yields focus on places like Manhattan, Kansas.
A Higher March Interest-Rate Hike? Fed Discussing It
While most Federal Reserve Governors seem to favor a 0.25% March interest-rate increase, one gave a speech suggesting she’d be OK with 0.50%.
Feb. Consumer Confidence Down – but Only a Bit
The index fell to 110.5 from Jan.’s 111.1. Attitudes about current conditions improved, however, while attitudes about the future were less rosy.
Nov. U.S. Home Prices Up 18.8% Year-to-Year
The increase in the top 10 and top 20 cities in S&P CoreLogic Case-Shiller Index’s was slightly less, but Phoenix, Tampa and Miami had highest year-over-year gains.
DOJ Focusing on Appraiser Fair Housing Lawsuit
The Civil Rights Division filed a “statement of interest” in a San Francisco appraisal case where value rose by $500K after removing signs of Black ownership.
Teardowns Return as the Cost of Land Rises
A growing number of S. Fla.’s midcentury homes – basic one-story cinderblocks – are being torn down and replaced as the amount of buildable land disappears.
Fla. Home Sales, Median Prices Up in Jan.
Florida Realtors: Statewide single-family home sales up 1.4% year-over-year, median price up 23% to $375K. Condo sales up 6.7%, median price up 23.9% to $285K.
Dislike CFPB Rules? Ask Them to Change It
The nation’s consumer bureau says the public can now submit rule-making petitions directly, and they’ll be posted on public dockets for review and comments.
Multifamily: FHA Nixes Tough Pandemic Loan Rules
Multifamily project developers will find it easier to secure FHA loans after the agency eased tough standards introduced early in the pandemic.
1 of 4 Realtors Works as Part of a Team
However, one size does not fit all. A coaching firm identified five team models: referral agent, partnership, standard team, group and mega group.