46% of Americans say COVID-19 shook up their moving plans. Those most likely to move are renters (25%), urban area dwellers (29%) and people recently laid off (32%).
Census: Among black families, 44% owned their own home as of 1Q 2020 vs. 73.7% of white families; and homeownership factors into the gap between their net worth.
Congress extended the Paycheck Protection Loan program to Aug. 8, but businesses seem less inclined to use it: The second round of funding still had $130B leftover.
Today’s buyers have 27.4% fewer homes to choose from than they did one year ago, though in Fla. it ranges from 31.4% near Tampa to 9.4% in South Fla.
To combat COVID-19 spread, Realtors adopted CDC guidelines. For many it’s become a habit that hasn’t slowed a steady rebound of the market, and it’s made up of many adjustments, such as increased sanitizing, mandatory masks, fewer conference chairs and more.
Last week’s 3.13% was a record low – this week’s 3.07% is another, and the lowest since Freddie Mac started tracking average rates in 1971.
President Trump is expected to approve the measure, opening up $130 billion of unallocated funds to help businesspeople, including independent contractors such Realtors, during the coronavirus pandemic.
The Treasury Dept. extended the 2019 tax-filing deadline from April 15 to July 15 when the pandemic hit, but it said Monday that was it – no more extensions.
A neighbor’s newly planted bush “crossed a line” by at least one foot in their neighbor’s yard. While nice people might say “No big deal,” however, it’s not wise to allow other property owners to encroach upon your turf, and action is recommended.
In 2010, a Miami developer sued a real estate blogger for $25 million for damaging his reputation. While the case was eventually resolved, the sales associate was discharged. The lesson: Before writing online, understand the law and the Code of Ethics.