U.S. sales are “highly sensitive to changes in mortgage rates” says NAR Economist Yun. March inventory rose a meager 1% and prices were down 0.9%.
NAR: Warehouse, land and storefront demand rose since 2021 but resulted in fewer CRE purchases. Where legal, landlords report fewer addendums banning use.
Lenders are skittish due to a bank run and higher interest rates. As a result, they raised the bar for loan approvals to businesses and homeowners.
The theory: Mondays are usually stressful, and they can ruin Sunday nights. You should start the week with an easy day and tackle big problems later.
In a partnership with the National Forest Foundation, NAR’s trees will be able to absorb enough carbon dioxide to equal 23K cars or 13B smart phones.
A study finds that several Fla. metros now “stand out for their extreme mismatches” between housing aid and asking rents, with Orlando the nation’s top “mismatch.”
Within that overall number, single-family starts rose 2.7% and multifamily starts dropped 5.9%. Homebuilders see it as “signs of a gradual upturn.”
Real estate coach says a consultative approach works best most of the time, but each deal is different. The assumptive approach requires ongoing optimism.
On Oct. 27, an appeal court ruled that a “housing emergency” did not exist in Orange County disallowing rent control. Mon.’s Supreme Court move lets that ruling stand.
Older adults who want to buy a home after retirement or remodel using a second mortgage should apply for a loan before they retire rather than after.
