2021 Real Estate News
(Don’t forget to review 2020 posts of Real Estate News that still is relevant today!
What Is a Living Trust in Real Estate? A living trust is a legal document that makes it easier for you to pass along property, accounts and other assets to your loved ones after you die. It allows your assets to pass along directly to your designated beneficiaries without needing to go through the courts, eliminating the costly and lengthy probate process.
Flyhomes wants to eliminate contingencies from real estate transactions – fronts you the cash to buy your home.
The National Association of REALTORS® forecasts existing home sales to drop by 10% in the last quarter of 2021.
HUD-FHFA Initiative on Housing Supply The effort will focus on entry-level and affordable unit production and “will create, preserve, and sell to homeowners and non-profits” as many as 100,000 units over the next three years.
Real estate, landlord groups file legal salvo to stop Biden administration’s new eviction moratorium
Mortgage and real estate news this week: End of the refi fee, mortgage rates fall and more – Federal Housing Finance Agency announced Friday that it will end the 0.5 percent fee on most mortgage refinances as of August 1. The announcement is a boost for consumers, who are likely to benefit from lower interest rates when they overhaul their mortgages. The fee applied to loans valued at $125,000 or more.
House prices jumped the most in more than 30 years in the 12 months through April.The 15% gain in the benchmark Case-Shiller index over that period “would translate into a wealth gain of $45,000 for a typical homeowner,
|Metro area||Percentage of loans in delinquency||Percentage of loans in serious delinquency||Percentage of loans backed by FHA|
|Atlanta-Sandy Springs-Alpharetta, Georgia||17.4%||12.8%||21%|
A new Bankrate survey says 64% of millennials have regrets after buying a home. Many say the biggest problems they face include feeling financially unprepared for the costs of home ownership, overpaying on the sales prices and disliking their size of the home. Millennials suffering from buyer’s remorse in hot real estate market
Mortgage and real estate news this week: Q3 mortgage rate forecast, remodel financing…historically low mortgage rates and unusually strong housing competition
Justice Department Withdraws from Settlement with the National Association of Realtors….[PROPOSED] FINAL JUDGMENT
Supreme Court Invalidates FHFA Structure – the single-director structure of the Federal Housing Finance Agency (FHFA) was unconstitutional. The Court held that the FHFA structure violated the separation of powers and severed the provision in the law that restricted the head of the agency to be removable by the President only.
So, is this what it’s coming to? 40-year mortgages becoming popular in booming housing market
CoStar Group Closes Acquisition of Homes.com – Company plans to combine Homes.com and Homesnap to offer the best online home buying experience possible by frictionlessly connecting agents, buyers, and sellers
US Homeowners Are Dealing With the Worst Property Tax Hike in Years – The negative effect of increased home values
Senior apartments in Anaheim Hills sell for $87.5 million“Senior housing communities are also strategically positioned to continue to perform despite the pandemic as many residents’ income comes primarily from social security and pensions; therefore, they are not as reliant on a paycheck,” says Carter. “Beyond this, by maintaining affordability at the community, we can provide long-term housing security to residents.”
Although California was one of the top states for outward-bound residents, the Bay Area did not crack the top five exodus regions in the nation, according to an analysis by North American Moving Services and Zillow.
Ask a real estate pro: HOA wants me to ‘stop hanging my flags.’ Do I need permission to display them?
Why Are Lumber Prices REALLY So High? Supply and demand.
HUD Program Offices’ Policies and Approaches for Radon – Policies are needed for multi-family properties, but will policies for HUD multi-family properties transcend into homes purchased under FHA loans?
Why Real Estate Photography is Important – But why condition, schools, and other comparable prices are more important
Legal-Ease: Fourteen magic words in real estate (Hint: “for their joint lives, remainder over in fee simple to the survivor of them.”)
This management alert identified that the U.S. Department of Housing and Urban Development is failing to meet basic records management and privacy requirements for over 1 billion records containing PII. Specifically, HUD is unable to identify, categorize, and adequately secure all of its electronic and paper records that contain personally identifiable information (PII).