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.
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.
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.
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.
Coronavirus and Real Estate: Market Changes in 2020
Study: Homeowners gained $3.1T in equity last year, prices rose at a rate not seen since 2013, inventory dropped by 24% and 58% of buyers faced a bidding war.
Broward County Update: Expanded Vaccine Eligibility
An update from March 3rd’s Broward County JIC Snapshot #14 with further details on efforts in Broward County as provided for in the Governor’s Executive Order 21-47.
Deal Maker Awards Announced by the Realtors® Commercial Alliance
Realtors® Commercial Alliance members were honored with Deal Maker Awards for their achievements and impact on commercial real estate in 2020.
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.
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.
Buyers Snatch Up New Listings as Quickly as They’re Available
Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of Realtors®. All four major regions of the U.S. recorded double-digit annual gains for home sales in January.
St. Lucie: Low Inventory in January Brings Down Days on Market
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for January. Here are statistics on single family homes.
Martin: Low Inventory in January Brings Down Days on Market
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data for January. Here are statistics on single family homes.
Palm Beach: Low Inventory in January Brings Down Days on Market
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in the Palm Beaches. The reports compare year-over-year data for January. Here are statistics on single family homes.
Broward: Low Inventory in January Brings Down Days on Market
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data for January. Here are statistics on single family homes.
HUD Prohibits Sexual Orientation, Gender Identity Discrimination
HUD now considers sexual orientation and gender identity to be protected classes under the Fair Housing Act, calling its change “the correct reading of the law.”
New NAR Study Underscores Commitment to Racial Equity
A new report from the National Association of Realtors®, “Snapshot of Race & Home Buying in America,” lays emphasis on the continued need for work for racial equality in real estate.
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.”
The Big Foreclosure Story? There Aren’t Many – Yet
ATTOM: In Jan. 2021, Fla. foreclosures were down 83% year-to-year, in part due to the foreclosure moratorium, which “doesn’t reflect market reality.”
FHFA Extends Forbearance, Foreclosure and Eviction Moratoriums
At-risk homeowners can now postpone mortgage payments (via forbearance) for 15 months. Foreclosure and REO-related eviction bans run until March 31.