Federal pandemic bills include funding to help at-risk owners avoid foreclosure, but many states’ delivery programs are sluggish, says Jacksonville Legal Aid rep.
Sen. Pres. Kathleen Passidomo’s legislation would nix rent control policies, add $100M for hometown heroes and “tackle this complex issue from all angles.”
In 2022, new-home sales were down 16.4% compared to 2021, but falling mortgage rates have pushed sales higher recently. In Dec., they were up 2.3% month-to-month.
Realtors sometimes try to “sell themselves” by answering questions quickly, but listening and secure self-awareness work better than rapid-fire responses.
NAR responded to the White House rental program by suggesting other solutions, such as grants, and warning that policies can drive housing providers from the market.
In Oct., Fannie Mae’s sentiment index hit a record low, but it rose in Dec. due to increased expectations that mortgage rates and home prices may decrease.
It sounds like a made-up word akin to “Sharknado,” but rentvestors – often younger adults – choose to rent a place and, at the same time, buy investment property.
The extensive blueprint creates changes via DOJ, HUD, FHFA, FTC, CFPB and others. Builders say it could be worse, but the “order is the wrong strategy.”
The cost to insure commercial real estate loans has gone up. Borrowers usually “hedge” against interest rate changes, and many older agreements are expiring.
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