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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

HOA 455
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How housing credit is shaping housing inventory

Housing Wire

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. Compare that to how solid credit data looks over the last 13 years since the qualified mortgage laws were implemented. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 411
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The Federal Reserve delivers lower rates for Christmas

Housing Wire

Weekly housing inventory data Weekly active listing data is declining now like it always does every year at this time due to seasonality. However, the laws of seasonality always win in the end, and we are well on the road to a seasonal decline in inventory. Weekly inventory change : (Dec.

Inventory 532
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Mortgage market affordability and inventory challenges

Housing Wire

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.

Inventory 388
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Why home-price growth is still up 18% year over year

Housing Wire

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

Inventory 380
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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Zoning laws in the U.S. The laws also play a role in community planning. The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The laws can be a double-edged sword.

Law 36
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The savagely unhealthy housing market is back

Housing Wire

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. There is a better case that we can get below 4 million if mortgage rates stay high and new listing data starts its seasonal decline in the data.