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.”
Real estate coach says a consultative approach works best most of the time, but each deal is different. The assumptive approach requires ongoing optimism.
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.
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.”
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.
NAR report cites Port St. Lucie for its homeownership rate of 83% for mid-income residents, and Ocala and Palm Bay for a Black ownership rate higher than 60%.
