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Showing posts from 2022

The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom | Fortune

The U.S. housing market to see second-biggest correction of the post-WWII era—when to expect the home price bottom AS PUBLISHED IN FORTUNE BY LANCE LAMBERT November 7, 2022 at 7:45 PM EST Home builders and economists alike saw the 2000s housing bubble brewing—they just didn’t think it would burst. Their reasoning being, that at the time, home prices hadn’t really fallen since the Great Depression era. “I think that the religion people had from 1946 to 2008, that housing prices always go up, is dead. My parents believed that it was literally inconceivable for [home] prices to go down,” Redfin CEO Glenn Kelman tells Fortune . That “religion” of course came crashing down after the bursting housing bubble caused U.S. home prices to fall a staggering 27% from 2006 to 2012. Knowing that home prices can indeed fall, Kelman says, is why builders and flippers started cutting prices faster this time around. Once the market shifted , they wanted to get out first. “Folks [are] responding [in 2022]...

OK for ‘Testers’ to Sue Over ADA Compliance?

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ICYMI: Websites should offer ADA info, but a hotel site claimed that a “tester” who didn’t plan to book a room shouldn’t be allowed to sue. A court judge disagreed. http://dlvr.it/SbpxPV

Legal Q&A: Dealing with Difficult Homeowners

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ICYMI: HOAs have rules and sometimes a homeowner ignores those rules. What if the color of a newly painted home falls outside the HOA’s approved color range? http://dlvr.it/Sbpv9h

VantageScore Approved for Most U.S. Mortgages

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The VantageScore model could help up to 37M more Americans qualify for a mortgage. But while FHFA OK’d it, it’s still up to individual Fannie and Freddie lenders. http://dlvr.it/SblszS

New-Home Sales Drop 10.9% in Sept.

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After a brief Aug. uptick, Sept. new-home sales slowed again as steadily rising mortgage rates moved a newly constructed home out of reach for more buyers. http://dlvr.it/SblspG

Why Price Drops if RE Is an Inflation Hedge?

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Home prices go up over time – but not necessarily over months. Investors also find tax and financial advantages to home investing in difficult economic times. http://dlvr.it/Sblrx8

OK for ‘Testers’ to Sue Over ADA Compliance?

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Websites should offer ADA info, but a hotel site claimed that a “tester” who didn’t plan to book a room shouldn’t be allowed to sue. A court judge disagreed. http://dlvr.it/SblrmX

Legal Q&A: Dealing with Difficult Homeowners

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HOAs have rules and sometimes a homeowner ignores those rules. What if the color of a newly painted home falls outside the HOA’s approved color range? http://dlvr.it/SblpgB

Builders Selling Discounted Homes to Investors

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ICYMI: As traditional buyers balk in the face of rising mortgage rates, some builders are selling inventory in bulk to investors at an estimated 10%-15% discount. http://dlvr.it/Sbhp0K

6 Popular Fall and Winter Home Trends

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ICYMI: 6 Popular Fall and Winter Home Trends Interior designers show off how they’re incorporating some of the hottest looks of the season. Design Trends http://dlvr.it/SbhXpv

Prepare for a Deluge of Post-Hurricane Scams

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ICYMI: FYI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbYdjgGuillermo Sanjurjo Realtor® http://dlvr.it/SbgrZw

Builders Selling Discounted Homes to Investors

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As traditional buyers balk in the face of rising mortgage rates, some builders are selling inventory in bulk to investors at an estimated 10%-15% discount. http://dlvr.it/SbdkL5

6 Popular Fall and Winter Home Trends

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6 Popular Fall and Winter Home Trends Interior designers show off how they’re incorporating some of the hottest looks of the season. Design Trends http://dlvr.it/SbdStp

Prepare for a Deluge of Post-Hurricane Scams

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FYI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbYdjgGuillermo Sanjurjo Realtor® http://dlvr.it/SbZ9R1Guillermo Sanjurjo Realtor® http://dlvr.it/SbZpn6

Prepare for a Deluge of Post-Hurricane Scams

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FYI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbCJ0CGuillermo Sanjurjo Realtor® http://dlvr.it/SbZChn

Prepare for a Deluge of Post-Hurricane Scams

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FYI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbYdjgGuillermo Sanjurjo Realtor® http://dlvr.it/SbZ9R1

Prepare for a Deluge of Post-Hurricane Scams

Image
FYI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbYdjg

SW Fla. Owners Surprised by FEMA’s 50% Rule

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ICYMI: If damage exceeds 50% of a home’s market value, owners can’t just repair what was destroyed – they must upgrade the entire home to current building codes. http://dlvr.it/SbVGFz

NAR: Existing-Home Sales Decreased 1.5% in Sept.

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ICYMI: National sales dropped for the eighth straight month, down 1.5% from Aug. and 23.8% year-to-year. However, median home prices continue to increase, up 8.4 % in Sept. http://dlvr.it/SbVDdl

Out-of-State Buyers Hope for Ian-Made Bargains

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ICYMI: A lot of buyers think some homeowners will want to move away from the coast – and others, perhaps older, won’t want the hassles that come with rebuilding. http://dlvr.it/SbVDXB

Tips for Avoiding Toxicity in Real Estate

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ICYMI: It’s hard to avoid life’s little toxic moments, but try. Gossip, bad bosses, low-motivation co-workers, job frustration and burnout can all take a toll. http://dlvr.it/SbVCdY

SW Fla. Owners Surprised by FEMA’s 50% Rule

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If damage exceeds 50% of a home’s market value, owners can’t just repair what was destroyed – they must upgrade the entire home to current building codes. http://dlvr.it/SbR5MX

Mortgage Rates Rise a Bit, Hit 6.94%

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Last week 30-year, fixed-rate mortgages averaged 6.92%, as the move to 7% slows – at least for this week. Last year FRMs averaged 3.09%. http://dlvr.it/SbR5C5

NAR: Existing-Home Sales Decreased 1.5% in Sept.

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National sales dropped for the eighth straight month, down 1.5% from Aug. and 23.8% year-to-year. However, median home prices continue to increase, up 8.4 % in Sept. http://dlvr.it/SbR3d0

Out-of-State Buyers Hope for Ian-Made Bargains

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A lot of buyers think some homeowners will want to move away from the coast – and others, perhaps older, won’t want the hassles that come with rebuilding. http://dlvr.it/SbR3Ss

Tips for Avoiding Toxicity in Real Estate

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It’s hard to avoid life’s little toxic moments, but try. Gossip, bad bosses, low-motivation co-workers, job frustration and burnout can all take a toll. http://dlvr.it/SbR2R0

FHA Proposal: More Manufactured Home Loans

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ICYMI: Under a proposed rule change, manufactured-home loans could operate similarly to all other home loans, providing ownership is titled as personal property. http://dlvr.it/SbMncy

Avoid These Common Real Estate Scams

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FYI: It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/SbMkjX

Prepare for a Deluge of Post-Hurricane Scams

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ICYMI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbCJ0CGuillermo Sanjurjo Realtor® http://dlvr.it/SbLnwG

Prepare for a Deluge of Post-Hurricane Scams

Image
ICYMI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbKqd3Guillermo Sanjurjo Realtor® http://dlvr.it/SbLmh5

Prepare for a Deluge of Post-Hurricane Scams

Image
ICYMI: FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbKqd3

FHA Proposal: More Manufactured Home Loans

Image
Under a proposed rule change, manufactured-home loans could operate similarly to all other home loans, providing ownership is titled as personal property. http://dlvr.it/SbJSpb

Gallon of Fla. Gas Down About 13¢ in Oct.

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FYI: ICYMI: FYI: The price of a gallon of gas will go back up Nov. 1, but a tax holiday approved by the 2022 Fla. Legislature nixes Fla. gas taxes throughout the month of Oct. http://dlvr.it/SZnRS1Guillermo Sanjurjo Realtor® http://dlvr.it/SZnlfYGuillermo Sanjurjo Realtor® http://dlvr.it/SZpD4qGuillermo Sanjurjo Realtor® http://dlvr.it/SZxWHJGuillermo Sanjurjo Realtor® http://dlvr.it/SbJ5Z0

Hot or Not: Checkered Flooring, Cowhide Prints

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ICYMI: ICYMI: ICYMI: ICYMI: FYI: FYI: FYI: Hot or Not: Checkered Flooring, Cowhide Prints Listen in to Real Estate Today's podcast to find out which one is a hot trend and which one is not. By:  Melissa Dittmann Tracey Design Trends http://dlvr.it/SYdPrWGuillermo Sanjurjo Realtor® http://dlvr.it/SZ031kGuillermo Sanjurjo Realtor® http://dlvr.it/SZ0N1jGuillermo Sanjurjo Realtor® http://dlvr.it/SZMlHZGuillermo Sanjurjo Realtor® http://dlvr.it/SZkydDGuillermo Sanjurjo Realtor® http://dlvr.it/SZlJdPGuillermo Sanjurjo Realtor® http://dlvr.it/SZlnB1Guillermo Sanjurjo Realtor® http://dlvr.it/SZsktBGuillermo Sanjurjo Realtor® http://dlvr.it/Sb1HT5Guillermo Sanjurjo Realtor® http://dlvr.it/Sb80wJGuillermo Sanjurjo Realtor® http://dlvr.it/SbFxyl

Sellers Want to Overprice? Try this Strategy

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FYI: Create property reports via Realtors’ Property Resource (RPR, free for members), and include buyer tours of similar listings – the competition buyers will also consider. http://dlvr.it/SbFKQf

Hot or Not: Checkered Flooring, Cowhide Prints

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FYI: ICYMI: FYI: FYI: FYI: Hot or Not: Checkered Flooring, Cowhide Prints Listen in to Real Estate Today's podcast to find out which one is a hot trend and which one is not. By:  Melissa Dittmann Tracey Design Trends http://dlvr.it/SYdPrWGuillermo Sanjurjo Realtor® http://dlvr.it/SZ031kGuillermo Sanjurjo Realtor® http://dlvr.it/SZ0N1jGuillermo Sanjurjo Realtor® http://dlvr.it/SZMlHZGuillermo Sanjurjo Realtor® http://dlvr.it/SZkydDGuillermo Sanjurjo Realtor® http://dlvr.it/SZlJdPGuillermo Sanjurjo Realtor® http://dlvr.it/SZlnB1Guillermo Sanjurjo Realtor® http://dlvr.it/SZsktBGuillermo Sanjurjo Realtor® http://dlvr.it/SbDL2z

Prepare for a Deluge of Post-Hurricane Scams

Image
FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbCJ0CGuillermo Sanjurjo Realtor® http://dlvr.it/SbDDsq

Prepare for a Deluge of Post-Hurricane Scams

Image
FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJsGuillermo Sanjurjo Realtor® http://dlvr.it/SbCJ0C

Prepare for a Deluge of Post-Hurricane Scams

Image
FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWgGuillermo Sanjurjo Realtor® http://dlvr.it/SbBlJs

Prepare for a Deluge of Post-Hurricane Scams

Image
FYI: A warning from the FBI’s Tampa office: Scammers use natural disasters to steal money, personal info or both. Know where your money is going. http://dlvr.it/SbBGWg

Avoid These Common Real Estate Scams

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ICYMI: It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/Sb26KjGuillermo Sanjurjo Realtor® http://dlvr.it/Sb8GrxGuillermo Sanjurjo Realtor® http://dlvr.it/Sb8hRK

Hot or Not: Checkered Flooring, Cowhide Prints

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ICYMI: ICYMI: ICYMI: FYI: FYI: FYI: Hot or Not: Checkered Flooring, Cowhide Prints Listen in to Real Estate Today's podcast to find out which one is a hot trend and which one is not. By:  Melissa Dittmann Tracey Design Trends http://dlvr.it/SYdPrWGuillermo Sanjurjo Realtor® http://dlvr.it/SZ031kGuillermo Sanjurjo Realtor® http://dlvr.it/SZ0N1jGuillermo Sanjurjo Realtor® http://dlvr.it/SZMlHZGuillermo Sanjurjo Realtor® http://dlvr.it/SZkydDGuillermo Sanjurjo Realtor® http://dlvr.it/SZlJdPGuillermo Sanjurjo Realtor® http://dlvr.it/SZlnB1Guillermo Sanjurjo Realtor® http://dlvr.it/SZsktBGuillermo Sanjurjo Realtor® http://dlvr.it/Sb1HT5Guillermo Sanjurjo Realtor® http://dlvr.it/Sb80wJGuillermo Sanjurjo Realtor® http://dlvr.it/Sb8TkZ

Gallon of Fla. Gas Down About 13¢ in Oct.

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FYI: FYI: The price of a gallon of gas will go back up Nov. 1, but a tax holiday approved by the 2022 Fla. Legislature nixes Fla. gas taxes throughout the month of Oct. http://dlvr.it/SZnRS1Guillermo Sanjurjo Realtor® http://dlvr.it/Sb8JVH

Avoid These Common Real Estate Scams

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ICYMI: It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/Sb26KjGuillermo Sanjurjo Realtor® http://dlvr.it/Sb8Grx

Hot or Not: Checkered Flooring, Cowhide Prints

Image
ICYMI: ICYMI: ICYMI: FYI: FYI: FYI: Hot or Not: Checkered Flooring, Cowhide Prints Listen in to Real Estate Today's podcast to find out which one is a hot trend and which one is not. By:  Melissa Dittmann Tracey Design Trends http://dlvr.it/SYdPrWGuillermo Sanjurjo Realtor® http://dlvr.it/SZ031kGuillermo Sanjurjo Realtor® http://dlvr.it/SZ0N1jGuillermo Sanjurjo Realtor® http://dlvr.it/SZMlHZGuillermo Sanjurjo Realtor® http://dlvr.it/SZkydDGuillermo Sanjurjo Realtor® http://dlvr.it/SZlJdPGuillermo Sanjurjo Realtor® http://dlvr.it/SZlnB1Guillermo Sanjurjo Realtor® http://dlvr.it/SZsktBGuillermo Sanjurjo Realtor® http://dlvr.it/Sb1HT5Guillermo Sanjurjo Realtor® http://dlvr.it/Sb80wJ

Hot or Not: Checkered Flooring, Cowhide Prints

Image
FYI: FYI: FYI: FYI: Hot or Not: Checkered Flooring, Cowhide Prints Listen in to Real Estate Today's podcast to find out which one is a hot trend and which one is not. By:  Melissa Dittmann Tracey Design Trends http://dlvr.it/SYdPrWGuillermo Sanjurjo Realtor® http://dlvr.it/SZ031kGuillermo Sanjurjo Realtor® http://dlvr.it/SZ0N1jGuillermo Sanjurjo Realtor® http://dlvr.it/SZMlHZGuillermo Sanjurjo Realtor® http://dlvr.it/SZkydDGuillermo Sanjurjo Realtor® http://dlvr.it/Sb5vXG

Avoid These Common Real Estate Scams

Image
ICYMI: It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/Sb5MySGuillermo Sanjurjo Realtor® http://dlvr.it/Sb5rx4

Lawmakers Add $360M to Ian Efforts

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ICYMI: The Fla. Legislature’s budget panel approved $360M more for Hurricane Ian recovery, adding it to the state’s $500M Emergency Preparedness and Response Fund. http://dlvr.it/Sb5Nmz

Avoid These Common Real Estate Scams

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ICYMI: It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/Sb5MyS

Gallon of Fla. Gas Down About 13¢ in Oct.

Image
ICYMI: ICYMI: FYI: The price of a gallon of gas will go back up Nov. 1, but a tax holiday approved by the 2022 Fla. Legislature nixes Fla. gas taxes throughout the month of Oct. http://dlvr.it/SZnRS1Guillermo Sanjurjo Realtor® http://dlvr.it/SZnlfYGuillermo Sanjurjo Realtor® http://dlvr.it/SZpD4qGuillermo Sanjurjo Realtor® http://dlvr.it/SZxWHJGuillermo Sanjurjo Realtor® http://dlvr.it/Sb54SZ

Avoid These Common Real Estate Scams

Image
It may be unwise to list only four RE scams because new ones develop every day. But with that said, here are the most common ones to expect. http://dlvr.it/Sb26KjGuillermo Sanjurjo Realtor® http://dlvr.it/Sb2cvQ