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Fla.’s Single-Family For-Sale Inventory Hits Record Low in 2Q
by marlam on August 13, 2020 at 9:08 am
There’s never been a better time to sell a home. Fla. had only a 2.8-months’ supply of single-family homes in the second quarter – the lowest amount since at least 2008. Economists generally consider a six-month supply to be balanced between buyers and sellers. […]
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FTC: Beware of Scammers Eyeing Mortgage Assistance
by marlam on August 13, 2020 at 9:08 am
Successful scammers prey on vulnerabilities, and, like vultures to carrion, they consider the growing number of worried homeowners an easy target. […]
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Offerpad, an iBuyer, Continues its Fla. Expansion
by marlam on August 13, 2020 at 9:08 am
The instant-offer company announced another expansion into the Port St. Lucie area. Offerpad also has agreements with builders for buyers seeking new construction. […]
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30-Year Mortgage Rate Up – But It Remains Below 3%
by marlam on August 13, 2020 at 9:08 am
The average 30-year, fixed-rate loan rose to 2.96% this week compared to last week’s record-breaking 2.88%. One year ago, the 30-year FRM average 3.6%. […]
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Airbnb Taking Legal Action Against a Renter for the First Time
by marlam on August 13, 2020 at 9:08 am
The short-term rental firm has a rule against unauthorized parties, but enforcement has been lax. Airbnb is also bolstering rules on parties to avoid future problems. […]
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RE Recovery Index: 3 Fla. Cities Now Hotter Than Before Pandemic
by marlam on August 13, 2020 at 9:08 am
The real estate market is better than before the pandemic, according to realtor.com’s weekly index, as a third Fla. metro area rose into positive territory. […]
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NAR: 2Q Metro Home Prices Up in 96% of Metro Areas
by kerrys on August 12, 2020 at 9:08 am
At the end of the second quarter, the U.S. had 1.57M existing homes for sale – 18.2% less than a year ago and equivalent to a 4-month supply at the current sales pace. […]
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What Do Americans Want? Check Their Google Searches
by kerrys on August 12, 2020 at 9:08 am
“Can you use money from a 401(k) to buy a house?” The number of consumers asking that question rose 2,800% in the past three months. […]
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Fla.’s 2Q 2020 Housing Market Reflects COVID-19 Impact
by kerrys on August 12, 2020 at 9:08 am
2Q median prices up, sales down year-over-year. Chief Economist O’Connor expects sales to continue to improve, though a single-family inventory shortfall is an issue. […]
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Coronavirus Boosts Housing Stress in Black, Hispanic Populations
by kerrys on August 12, 2020 at 9:08 am
Census Bureau data finds that pandemic-caused housing stress hit minority populations hardest – 1 out of 5 owners had a problem paying June’s rent or mortgage. […]
