An increasing percentage of investors lost money on a home sale or two. In Fla., Jacksonville saw a greater share of investor losses while three S. Fla. cities saw less.
Gov. DeSantis says businesses hurt by S. Fla. floods – including sole proprietors – can apply for zero-interest emergency bridge loans through June 19, 2023.
Florida Realtors: Single-family sales fell 15% year-to-year, median price up 2.1% to $405K, inventory at a 2.7-months’ supply. 1Q 2023 housing data saw similar trend.
Microsoft’s Bing AI ChatGPT is similar to a virtual assistant you don’t have to pay. It can have human-like talks with clients and keep an agent organized.
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.
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%.
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.”
