Overall consumer confidence fell to 101.3 from March’s 104.0, dragged down by a drop in future expectations. The measure of current attitudes rose 2.2 points.
HUD will propose clearer rules shortly. Once finalized, they’ll help the RE industry comply with the Fair Housing Act and be the standard for gov’t-assisted housing.
Writing for Inman News, Jimmy Burgess says a number of his go-to tech tools make his job easier, and he regrets waiting so long to adopt and learn how to use them.
Of the 20 cities included in the indices, 8 had price declines – but Fla. led the U.S. in price increases with No. 1 Miami (up 10.8% year-to-year) and No. 2 Tampa (7.7%).
A Bradenton homeowner fixed problems nine years ago after a city code violation, but a surprise lawsuit for $75K arrived last Aug. demanding money.
Sales surpassed economists’ expectations. Builders say decreasing mortgage rates and the existing-home market’s lack of inventory probably pushed sales higher.
In Tampa, for example, March inflation was 7.7%. But after backing rental costs out of the local calculation, inflation was a somewhat-reasonable 3.8%.
According to Apartment List’s latest report, the age group finally has a majority (51.5%) owning homes, though Gen X had a 58% rate when at the same age.
As more consumers rely on online reviews, positive user-generated content – comments, thank-you notes, testimonials – acts like a strong referral mechanism.
FHFA is raising some loan-level pricing for homebuyers whose lender plans to sell the loan to Fannie or Freddie. The change mainly impacts stronger-credit buyers.
