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I always enjoy a good real estate list so here is one regarding changes in home pricing during COVID.
The coronavirus pandemic has had a dramatic impact on pretty much every aspect of our lives and the economy, including the housing market. Some states like Alaska have seen very small increases in home values, while other states such as Florida, California and Idaho have seen significant increases i...
What does the future look like for office space? There are a number of different theories out there about how things are going to change (or not change) with regard to office space usage and requirements as we begin to emerge from COVID.
https://www.wsj.com/articles/office-can-glimpse-their-future-at-the-mall-11614599358
How will office valuations be affected by the decline of the five-day commute? Shopping malls could provide some answers.
A good intro on capital gains on real estate transactions.
What is a capital gains tax? It's the income tax you pay on gains from selling capital assets such as a home. Here's what you need to know.
Despite the incredibly strong residential real estate market, there are still many people struggling. The article is a good primer on some of the resources that are available.
Struggling homeowners received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief.
Wow!
Limited housing inventory has caused a series of issues for buyers looking to find the right home. Now, buyers are just looking to take advantage of low-interest rates, scooping everything up off the market. Redfin reported a record 52% of homes went under contract within two weeks. This comes as me...
Residential Real Estate continues to look strong for 2021!
In its forecast for 2021, real estate marketplace Zillow predicts that the nation’s housing market will be even stronger than it was last year, which came
Getting Warmer...
The Covid-19 pandemic has changed not only how we live but where we live, and that has upended some of the usual trends in housing markets.
Not all of the residential markets have escaped the impact of COVID.
Though the housing market seems to have escaped many of the economic effects of the pandemic, certai...
A good reminder about wire fraud. Be sure to share with your Buyers and Sellers.
TOWN SQUARE | Don't email financial information. Confirm all wiring instructions in person or by phone with a known number before transferring funds.
Its getting to be that time of the year again...
Here's what'll be new when you sit down to do your 2020 taxes in the new year.
PPP 2.0 Hopefully this round will provide some much needed relief to small businesses.
A new coronavirus relief bill will provide $284 billion in loans for small businesses. Here are some key details.
Go Big AND Go Home! 2021 is looking to be an epic year in residential real estate.
With Covid vaccine, some people will return to the cities in 2021
And in the commercial real estate space, hotel and retail continue to suffer.
A number of commercial real estate sectors have had trouble paying their mortgage during the COVID-19 pandemic, but none more than the hotel and lodging
"Foreclosures were conducted on a total of 2,010 U.S. properties in November, down 22 percent from last month and down 86 percent from a year ago. Completed foreclosures were highest in Florida, Illinois, and California."
The various types of foreclosure filings - default notices, scheduled auctions, and actual lender repossessions - declined in November. RealtyTrac, a subsidiary of ATTOM Data Solutions said the aggregate of these legal actions totaled 10,042 during the month...
Residential property owners are looking pretty good these days. Equity is way up. And, corresponding negative-equity (owing more than your home is worth ), is down 18% year-over-year to roughly 3%. So unlike the Great Recession, even homeowners that can no longer afford their homes should be in a good position to sell and still receive money at closing.
Soaring home prices are padding the pockets of millions of homeowners across the nation. As prices rise, home equity multiplies.
What happens to the residential real estate market once the forbearance programs end? The projections look far better than what we saw during the Great Recession.
Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic
Foreclosures are down in 2020... but the real question is what happens when the moratoriums run out and the CARES Act sunsets on December 31, 2020.
The CARES Act included provisions that spared countless homeowners from foreclosure. But once those provisions expire, borrowers could be out of luck.
Going into 2021, the residential real estate market continues to look strong with Sellers expecting top dollar for their homes and Buyer fighting over limited supply and faced issues with affordability.
Coming off of the roller-coaster ride that was 2020, the 2021 housing market could hold a few surprises of its own. And buyers should expect rising prices.
Housing Starts Up! Construction Spending Up!
A strong housing market is driving construction spending, but there are signs the demand from homebuyers may be declining.
It is likely to remain a Seller's market all winter long, so Buyers will need to come ready-to-play! Buyer should have their financing in place, know exactly what they want in a home and be prepared to get aggressive when making an offer.
Home buyers face several challenges this winter because of the coronavirus pandemic. These tips will help you navigate the season.
Some thoughts on the 2021 residential real estate market.
But the pace of home sales could slow by the end of the year.
Nearly 18M people behind on rent or mortgage payments.
Nearly 6M people like to be evicted or foreclosed upon after 1st of the year (based upon expiration of current moratoriums).
By comparison nearly 4M people were foreclosed upon during the peak years of the Great Recession.
Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.
This might be the relatively "soft" landing that homeowners in forbearance are looking for.
With home values soaring, borrowers can sell their way out of trouble.
During these turbulent times, home buyers are looking for more than just a home, they are looking for a community.
A growing number of buyers shopping for homes during the pandemic are taking neighborhoods into consideration.
Once again Florida is recognized for its high level of foreclosure activity...
The greatest number of foreclosure starts in October 2020 were New York, Chicago, Los Angeles, Miami and Houston. Read on to learn more.
For those of you in residential real estate, this should make you happy! Sounds like it should be a great winter selling season!
In a panel at the NAR 2020 Realtors Conference and Expo, Yun discussed what a Biden presidency means for the housing market and what to expect this winter.
We are continuing to see strong activity at the closing-table, but the market is starting to price-out many 1st time home-buyers.
The bidding wars continue! It is still a good time to be a Seller.
According to a report from Redfin, competition in the housing market—although having lessened a bit ...
Some interesting real estate related technology in response to COVID and the new work-from-home situation.
There’s no going back to the old ways. Which technologies could propel the industry forward?
We are seeing it in our closings. Buyers are looking for better quality of life and more space.
In the eye of the pandemic, resort towns like the Jersey Shore and Cape Cod are evolving into the pe...
I love looking at residential real estate lists!
Home values are soaring, particularly in two states.
With the election now in our rear-view mirror, here are some thoughts on how forbearance and student loans are likely to be impacted going forward.
With Joe Biden in the White House and a split Congress, we examine what to expect in 2021 regarding forbearance, student loan debt and GSE conservatorship.
And the winner is...
Mortgage rates just set the 12th record low of this year, and volatility surrounding the election is a key reason.
A sign of things to come...
While the results of last night’s presidential election remain too close to call, a leading politica...
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Kirk-Pinkerton, Attorneys At Law
S Pineapple AvenueRichard V. Ellis, P.A. at SarasotaBankruptcy.
N Tamiami Trl
Kirk-Pinkerton, Attorneys At Law
S Pineapple Avenue
Richard V. Ellis, P.A. at SarasotaBankruptcy.
N Tamiami Trl
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