July Housing Starts Up 3.9%, Single-Family Up 6.7%

Single-family housing permits – a sign of future construction activity – increased marginally by 0.6%, though overall permits dropped 13.9% as multifamily slows.
Read MoreSlow Uptick in Foreclosures Reversed in 2Q

The Mortgage Bankers’ 2Q National Delinquency Survey found that delinquency rates dropped to 3.37% – the lowest rate since it began collecting data in 1979.
Read MoreBuilder Confidence Falls, First Time in 7 Months

NAHB’s Aug. index fell 6 points to 50 – the break-even point between optimism and pessimism – based on higher mortgage rates and increased construction costs.
Read MoreFla. OKs New Property Insurer: Mainsail Insurance

The Florida Office of Insurance Regulation says changes passed by the Fla. Legislature have attracted new insurers and removed 280K policies from Fla.-owned Citizens.
Read MoreStudy Reinforces Need to Help ‘Hometown Heroes’

A comparison of teacher salaries to home values within 20 minutes of work found a high of 18% affordable in Fort Lauderdale and Jacksonville but only 4% in Miami.
Read MoreNAR Relief Foundation Sending $1.5M to Hawaii

The Realtors Relief Foundation, a 501(c)(3) non-profit, says the money will “assist with disaster victims’ housing payments as relief and recovery efforts continue.”
Read MoreGreat Recession Housing Crisis Officially Ends

UBS will pay $1.44B to settle claims it gave mortgage borrowers false and misleading statements in 2006-2007, the last big bank case from the housing crisis era.
Read MoreHomes in ‘Upward Mobility’ Areas Cost 38% More

It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%.
Read MoreMost Americans Can’t Buy a Nearby Home

NAHB’s 2Q comparison of selling prices ($388,000, nationally) to median incomes ($96,300) found only 40.5% of U.S. residents can afford a home at that price.
Read MoreFla. Metro in U.S. Top 10 for BBQ Cities

Texas had 3 cities in the top 10, but Jacksonville hit No. 9 with its “bounty of BBQ restaurants.” It beat out Tampa (No. 15), Orlando (No. 17) and Miami (No. 47).
Read MoreAgents Using AI to Educate Their Clients

New buyers often ask similar questions, and an AI virtual assistant – not unlike ones used by some companies in online “Chats” – are handling the more basic queries.
Read MoreLuxury Condo Buyers Take Digital Home Tours

New condo buyers enter a big room, put on a headset and explore empty space in “meta reality,” seeing not-yet-built condos as if they’re on an actual physical tour.
Read MoreReal Estate Swindles Require New Vigilance

Attempted scams are often identified only because something seems wrong, but that could change if artificial intelligence (AI) makes future scams undetectable.
Read MoreGAO Suggests Housing Trust Funds Changes

How well does HUD oversee the nation’s Housing Trust Funds, which flow to states for affordable housing? The Fed’s oversight group suggests five changes.
Read MoreRE Q&A: What to Do About a Blocked Condo View?

Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options?
Read More2 of Every 25 U.S. Homes Worth at Least $1M

While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states.
Read MoreCoalition to FHFA: Rent Control Won’t Work

An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes affordable housing issues worse – not better.
Read MoreNext Commercial Challenge? Multifamily Loans

Investors bid up prices for multifamily properties during the pandemic, and that debt will soon cost even more after higher interest rates affect loan rates.
Read MoreRE Listing Strategies that Attract Top-Dollar Offers

Start with local research. What words to buyers use most often when searching for a home? What words are within listings that see the most clicks?
Read MoreAttom: Foreclosure Starts Fell 9% in July

The number of completed foreclosures rose 4% month-to-month, but Attom says the “housing market remains in flux” – they could go back up or keep dropping.
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