NAR: Higher Home Prices in 82% of U.S. Metros

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros.

Home Affordability Hits Lowest Point in 10 Years

The National Association of Home Builders’ 3Q affordability study found that just 37.4% of Americans can afford a median-priced home in their metro area.

Fla. Island Purchased with COVID Disaster Funds

An estimated 10% of pandemic-relief fund recipients committed fraud – a $280B loss. In one case, a Fla. man, now in prison for 5 years, bought a private island.

Tight Market? Double Down on 5 Marketing Basics

Don’t ignore social media and newer forms of marketing, but getting out into the community and holding open houses can be more effective tools for lead generation.