NAR: Watch for Home Sales Rebound as Economy Opens Up
There are still many unknowns about COVID-19, but with that in mind, NAR Chief Economist Lawrence Yun is cautiously optimistic about where the economy is heading, and he also sees … Continue reading
Builders Offering Incentives to Attract More Buyers
NAHB economist says builders have about 80K completed inventory homes and 540K in some stage of construction. The incentives will offset prices as unemployment rises. Homebuilders want attract buyers, and … Continue reading
Average mortgage rate is 3 basis points from all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.31% this week, putting it three basis points away from setting a new all-time low. It was down from … Continue reading
Buy, Build or Fix: What’s Best for First-Time Buyers?
With a limited supply of entry-level housing for sale, getting your foot in the door you want could be a challenge if you’re looking to buy your first home soon. … Continue reading
This is a pivotal moment for leaders in the housing industry
As lenders cope with a shifting lending environment due to COVID-19, they are also striving to ensure they are putting their clients first. And one leader said this time is … Continue reading
Will Fla.’s New Toll Roads Help Or Hurt?
Three new toll roads in Florida will create jobs. That much is clear – but the rest isn’t when it comes to figuring out how the roads might benefit – … Continue reading
Survey: Real Estate Pros Bet on Post-Pandemic Rebound
The spring housing market will be slower than normal due to stay-at-home orders by many states and municipalities to control the outbreak of COVID-19 – but the majority of real … Continue reading
Banks will soon be able to postpone some appraisals until 120 days after a mortgage closes
Citing the need to “extend financing to creditworthy households and businesses quickly in the wake of the national emergency declared in connection with COVID-19,” a trio of federal banking regulators … Continue reading
Silver linings amid the economic shift
Can we all just agree that there can be good and bad happening at the exact same time, caused by the same thing? Yes, obviously. Even in the midst of … Continue reading
Yes, You Can Sell Condos Online Right Now
For Florida agents who have not tried it yet, selling real estate online can be done, according to experts in South Florida. Foreign buyers of South Florida property have long … Continue reading