Slow Uptick in Foreclosures Reversed in 2Q
The Mortgage Bankers’ 2Q National Delinquency Survey found that delinquency rates dropped to 3.37% – the lowest rate since it began collecting data in 1979. ©Florida Realtors® Source link
Homes in ‘Upward Mobility’ Areas Cost 38% More
It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%. SEATTLE – In a high-opportunity neighborhood, children who grew up in low-earning households went on to become higher earning adults than the typical person who grew up in their … Read more
RE Listing Strategies that Attract Top-Dollar Offers
Start with local research. What words to buyers use most often when searching for a home? What words are within listings that see the most clicks? NEW YORK – Both words and images make an impact when marketing homes for sale, says Colibri Real Estate’s Tina Lapp, who has almost 30 years of professional education … Read more
Next Commercial Challenge? Multifamily Loans
Investors bid up prices for multifamily properties during the pandemic, and that debt will soon cost even more after higher interest rates affect loan rates. NEW YORK – Apartment buildings could be the next trouble spot in commercial real estate, with last year’s sudden increase in debt costs threatening to wipe out multifamily property owners … Read more
Coalition to FHFA: Rent Control Won’t Work
An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes affordable housing issues worse – not better. WASHINGTON – Eighteen associations representing housing providers, lenders and residents sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. The letter offered a warning that some policies … Read more
2 of Every 25 U.S. Homes Worth at Least $1M
While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. SEATTLE – Just over 8% of U.S. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%, according to a … Read more
RE Q&A: What to Do About a Blocked Condo View?
Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options? FORT LAUDERDALE Fla. – Question: When I bought my condo, my building had the best golf course view from my screened porch. However, the golf course faced … Read more
GAO Suggests Housing Trust Funds Changes
How well does HUD oversee the nation’s Housing Trust Funds, which flow to states for affordable housing? The Fed’s oversight group suggests five changes. WASHINGTON – On August 8, the U.S. Government Accountability Office (GAO) released a report entitled “Affordable Housing: Improvements Needed in HUD’s Oversight of the Housing Trust Fund Program.” The Housing Trust … Read more
Looking for a Search Engine Optimization Expert?
If 9 out of 10 buyers start by typing “How do I buy a home?” into a search engine, it’s worth spending money to make sure your agency’s name is near the top. NEW YORK – With 90% of house hunters using the internet as a starting point, it makes sense for realty professionals to … Read more
Attom: Foreclosure Starts Fell 9% in July
The number of completed foreclosures rose 4% month-to-month, but Attom says the “housing market remains in flux” – they could go back up or keep dropping. IRVINE, Calif. – Foreclosure activity rose following pandemic-era bans but never completely returned to a level seen before COVID-19 shook the market. Now foreclosures seem to be falling again, … Read more
