NAR: Realtors Critical to Opportunity Zones’ Affordable Housing

Written by kerrys on November 9, 2020. Posted in Uncategorized.

Opportunity zone laws create an ideal way to maximize profit when building affordable housing, but Realtors need to take the initiative and make it happen.

Florida Realtors

Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86%
Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.
Bidding Wars Reach Their Lowest Level This Year
Redfin analysis: In Aug., about 59% of offers on homes written by Redfin agents faced competition, a record low for this year and the lowest level since 2020.
Buying B&Bs to Convert into Single-Family Homes
COVID-19’s impact on bed-and breakfasts has prompted some to close, with revenues in 2020 down 43.7% from 2019. But some are being purchased to use as personal homes.

NAR: Realtors Critical to Opportunity Zones’ Affordable Housing

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