Pending sales declined largely because property listings are down. NAR Economist Yun calls market “resilient with approximately three offers for each listing.”
Florida Realtors lawyers spoke to 6K+ members during a June 29 webinar, saying a new law impacting some property sales to certain foreign buyers goes into effect July 1. Some details are not yet clear, but a new disclosure will appear in FR/Bar, CRSP and other contracts on Sat., July 1, and buyers must sign a new affidavit.
There are many variables. While the process starts by looking at nearby comparable sales, it includes the property’s age, condition, upgrades and location.
After Aug. 28, FHA borrowers will fill out a Supplemental Consumer Information Form, where they can request things like language translation services.
The 2023 Community & Transportation Preferences Survey finds strong “walkability” demand: 4 out of 5 want an “easy walk” to parks, shops and public transport.
More buyers want to relocate – but fewer do thanks to a tight inventory of available homes. Phoenix is No. 1 but Fla. cities hold all spots from No. 3 to No. 7.
A coastal flood watch or warning may really be a meteotsunami, such as one that hit Clearwater Beach last Wed. It’s caused by gusty ocean storms.
Study: In some U.S. ZIP codes, Paycheck Protection Program (PPP) fraud was so prevalent that housing prices rose 5.7 percentage points more than in low-fraud areas.
Month-to-month, prices rose 0.7% nationally – though it ranged from a price drop of 3.8% in the Pacific region to an increase of 6.1% in the East South Central region.
Faced with a dearth of existing homes for sale, buyers flocked to new-home options even in the shadow of higher interest rates.
