Recent Real Estate News - Wholesale Florida Properties

April 24, 2020

Single-Family Rental Sector Poised for Strong Rebound

Some investors raise concerns on rental revenue and occupancy rates, but the sector should be well-positioned over the long term. The single-family rental (SFR) sector is well-positioned for a rebound once widespread economic activity resumes,...

April 23, 2020

March home sales drop 8.5% as sellers take properties off the market – and the coming months look worse

Sales of existing homes fell a wider-than-expected 8.5% in March compared with February to an annualized pace of 5.27 million units, according to the National Association of Realtors’ seasonally adjusted index. Sales of existing homes...

April 22, 2020

T.J. Maxx, Discount Rivals Hunker Down with No Online Options

COVID-19 has revealed a key weakness in discount retailers’ playbook: almost no e-commerce. (Bloomberg)—For years, discount retailers like T.J. Maxx and Ross have been eating their rivals’ lunch as consumers warmed to the thrill of...

April 21, 2020

Borrower requests for government’s coronavirus mortgage bailout jump 78% in one week

Mortgages backed by Ginnie Mae showed the largest weekly growth and had the biggest share of forbearances at 5.89% of total servicing portfolios. As unemployment surges and more Americans struggle to make ends meet, more...

April 19, 2020

Operating Multifamily Properties in a Time of No Evictions

Most property managers are working with tenants on payment plans or other relief measures, but have concerns about abilities to cover costs and pay mortgages down the line. A web of legislation and executive orders...

April 17, 2020

U.S. Property Taxes Levied on Single Family Homes in 2019 Increased to More Than $306 Billion

Average Property Tax Was $3,561, Up 2 Percent with an Effective Tax Rate of 1.14 Percent; Highest Effective Tax Rates in Illinois, New Jersey, Texas, Vermont, Connecticut IRVINE, Calif. – April 9, 2020 — ATTOM...

April 15, 2020

Hotels and retailers not paying rent due to the coronavirus pandemic spikes in April, Trepp says

Nearly 20% of all lodging CMBS loans are categorized as either “in grace period” or “beyond grace period,” according to data from Trepp, a New York-based research firm that tracks the CMBS market. The coronavirus...

April 14, 2020

Multifamily Industry Reports Construction Delays Due to COVID-19

New biweekly NMHC survey gauges the impact on multifamily construction firms. The National Multifamily Housing Council (NMHC) is gauging the magnitude of disruption that the novel coronavirus pandemic is having on multifamily construction with its...

April 13, 2020

U.S. Housing Markets Vulnerable to Coronavirus Impact Clustered in Northeast and Florida

Nearly Half of the 50 Most Vulnerable Counties in New Jersey and Florida; Midwest and West Regions Less At Risk of Housing-Market Challenges IRVINE, Calif. — April 7, 2020 — ATTOM Data Solutions, curator of...

April 10, 2020

Landlords, Lenders and the Government Must Find Solutions to Address a Looming Cash Shortfall

Lenders must also act in good faith to forge solutions for forbearance, otherwise the federal government must mandate it. The federal government’s $2 trillion stimulus package is a courageous step to boost our economy but...