-
NAR: Setting the Record Straight on Fair Housing
by kerrys on September 25, 2020 at 9:09 am
HUD recently weakened a rule to affirmatively promote fair housing goals, and NAR objected to the decision. NAR’s director of fair housing policy says the policy is “baked into the original Fair Housing Act of 1968,” and “a step backward in the drive toward equal housing opportunity.”
-
Almost 400K Fewer Homes Listed Due to the Pandemic
by kerrys on September 25, 2020 at 9:09 am
From March to now, realtor.com listings are down by about 400,000. In three Fla. metros, it’s down over 40%; in two others, time-on-market dropped by more than 20 days.
-
Record Number of Homeowners Live in HOA Communities
by kerrys on September 25, 2020 at 9:09 am
In Fla., almost 10M residents live in one of 48,500 communities with a homeowners’ association or condo board. The number is second only to Calif, which has 49,200 HOAs.
-
‘AOB’ Fight Goes to Fla. Supreme Court
by kerrys on September 25, 2020 at 9:09 am
Anchor Property and Casualty claimed an assignment-of-benefit claim was constitutionally illegal. So far, a lower court agreed but Anchor lost in a court of appeal.
-
The Great Appliance Shortage: Life Without a Dishwasher?
by kerrys on September 25, 2020 at 9:09 am
COVID-19 created yet another problem: A U.S. shortage of dishwashers, refrigerators, washers and dryers. Freezers disappeared first when consumers started hoarding food.
-
Florida Realtors: Economic Update for Housing and the Economy
by kerrys on September 25, 2020 at 9:09 am
What did you miss from Florida Realtors Virtual Convention? Will inventory increase? When will Canadian buyers return? Will Fla. see a rash of foreclosures hit the market?
-
Zillow Opening Residential Brokerage, Hiring First Agents
by marlam on September 24, 2020 at 8:09 am
Brokerage services will focus mainly on Zillow Offers iBuying deals, according to the company. Zillow, which has said for years it would not open its own real estate firms, will debut one in three U.S. cities – none in Fla. – then expand to other locations over time.
-
Mortgage Rates Tick Up to 2.9%, Remain at Historic Lows
by marlam on September 24, 2020 at 8:09 am
Freddie Mac reported that the average rate on the 30-year home loan edged up to 2.90% from last week’s 2.87%. One year ago, the 30-year FRM averaged 3.64%.
-
Any New Stimulus Package Overshadowed by SCOTUS Nomination
by marlam on September 24, 2020 at 8:09 am
Hope for weekly unemployment benefit extensions, business aid and stimulus checks faded even more after Washington turned its focus to a Supreme Court vacancy.
-
New Home Sales Surge 4.8% in August
by marlam on September 24, 2020 at 8:09 am
The August surge follows a 13.9% increase in July as low interest rates and a skimpy existing-home inventory drive buyers to new construction.