Many hurricane-related items are sales-tax free May 29-June 4, notably generators costing up to $750. Retailers hope the “holiday” will also reenergize their businesses.
The pandemic disrupted some agricultural businesses, and the $16B Coronavirus Food Assistance Program offers aid to any Fla. farmer or rancher affected.
A 0.6% increase in new-home sales isn’t much, but it suggests that a healthy number of potential buyers are still ready to move forward on their plan to buy a home.
As of Tuesday morning, Fla. DBPR approved plans for 42 counties to safely reopen vacation-rental properties – an increase from 26 counties last Friday.
Things are getting a better, at least in consumers’ minds. The May confidence index rose to 86.7 from April’s 85.7, and while the component for current conditions fell 1.9 points, future expectations rose 2.6 points. According to the report, the “free fall stopped in May.”
Sales fell in March but prices rose 3.9% – an increase from 3.5% the month before. The 10% drop in March inventory likely helped push prices higher.
It’s too soon to tell, but suburban living with more open space, bigger lawns and room to stretch out could lure current urbanites to move in the wake of COVID-19.
Realtor.com: Some owners may be pivoting to longer-term, seasonal rentals. In the 100 largest metro areas, furnished and seasonal rentals are up 21% since Feb.
It’s the 4th straight week that the 30-year home loan stayed below 3.30%; the average rate on the 15-year fixed-rate mortgage slipped to 2.70%.
As builders reported quarterly results, many said business was going great until mid-March, when the coronavirus shutdowns began. But several also say business started to improve by mid-April.
While it’s hard to predict what’s next with the pandemic, it’s also unclear how people will react as lockdowns aimed at limiting the virus’s spread are lifted.
Real estate pros need to drive people to their websites. But it can be challenging to create the perfect website, find the right content and keep it updated.
Despite the pandemic, homebuyers are continuing their home search by options like online open houses where they can Zoom or FaceTime with Realtors in real time.
Existing-home sales dropped in April for the second consecutive month, due to the COVID-19 pandemic and resulting economic lockdowns, says NAR Chief Economist Yun.