Pending home sales rose for the first time in six consecutive months, thanks in part to lower interest rates. Economist Yun says home sales’ low point “is likely over.”
Some attorneys see a downside to people spending more time at home during the pandemic, saying they’ve seen a lawsuit increase over fences, trees, borders and more.
The Florida Realtors-backed program funded with $100M has so far helped 3,500 teachers, police, ENTs, vets and others achieve the American dream of ownership.
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.
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.
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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