Anthony Acevedo Anthony Acevedo

Commercial Real Estate Poised for 2021 Rebound

As vaccination rates rise nationwide, commercial real estate is likely to post gains across all sectors, fueled by pent-up demand and a high level of consumer savings, said leading economists.

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Anthony Acevedo Anthony Acevedo

NAR: It’s Time to Pass the Equality Act

The National Association of Realtors® applauded the House on Thursday after lawmakers reintroduced and passed the Equality Act, a 2019 bill that would extend fair housing and other civil rights protections to LGBTQ Americans.

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Anthony Acevedo Anthony Acevedo

How Does the New Proposed Stimulus Bill Help Real Estate?

The House-passed bill is now in the Senate, and NAR expects most major provisions to pass. The latest stimulus includes aid for state and local governments, new homeowners’ assistance funds, small-business grants, rental-assistance funding, expanded unemployment and more.

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Anthony Acevedo Anthony Acevedo

FHFA Extends Foreclosure and Eviction Bans to June 30

Homeowners with mortgages held by Fannie Mae or Freddie Mac cannot be evicted through June 30, nor can renters in buildings acquired by the lending giants. Forbearance was also extended for three additional months, allowing some owners to skip mortgage payments for a total of 18 months.

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Anthony Acevedo Anthony Acevedo

Florida's Housing Market Continues Strong in January 2021

Florida Realtors®’ data: Single-family home sales rose 18% year-over-year, median sales price up 15.1%; condo sales up 24.6%, median price up 15%. Chief Economist O’Connor: Closed sales in Jan. were “way, way above our historical average,” which is likely for most, if not all, of 2021.

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Anthony Acevedo Anthony Acevedo

Mortgage Rates Rise to 3-Month High

The 30-year fixed-rate mortgage reversed course last week, moving up to a 2.81% average. That marks its highest point since mid-November, Freddie Mac reports.

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Anthony Acevedo Anthony Acevedo

Florida's Housing Market Wraps Up 2020 Strong Despite COVID-19

Florida Realtors®’ latest data: Single-family home sales in 2020 up 5.8% year-over-year, median price at $290K up 9.6%. Condo-townhouse sales up 2.5%, median price at $215K, up 12% from 2019. Chief Economist O’Connor: “Sales of Florida homes in the 4Q were very strong.”

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