Is Relief on the Horizon for Buyers?
Vaccine rollout, possible sales, housing starts and repurposing hotel and motel space for residential purposes could mean a break for buyers.
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8 Pennsylvania Cities Make 150 Best Places to Live List
Harrisburg, Pittsburgh, Lancaster, York, Reading, Allentown, Scranton and Philadelphia all made the 150 Best Places to Live in the U.S. in 2021-2022 List by U.S. News & World Report.
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Most Commonly Used Words in Real Estate Listings
Large and open were two commonly used adjectives in real estate listings.
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FEMA Updates Risk Rating for National Flood Insurance Program
Risk Rating 2.0 was designed by FEMA to modernize the National Flood Insurance Program’s insurance pricing methodology and more accurately tie its rates to the flood risks of individual properties. It begins to take effect on Oct. 1, 2021.
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Will Digital Closings Replace Paper Ones?
The percentage of title and settlement companies offering digital closings jumped 228% since 2019.
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When Does Property Management Not Require a Real Estate License?
The licensing law contains a limited exclusion from the licensing requirement for persons employed by the owner for managing and maintaining multifamily residential properties. To rely on this exclusion, the regulations require the owner to retain all decision-making authority, including conditions of occupancy, negotiating leases and entering into leases with tenants.
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Cybercrime Sees Uptick in Pennsylvania: Here Is How to Protect Yourself
The commonwealth is the sixth in number of victims, with 18,636 reporting crimes. And losses totaled more than $108 million in 2020, making Pennsylvania eighth in the country. That’s up about $13 million from 2019, with nearly 8,000 more victims.
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Warehouse Demand Sees Huge Spike
Warehouse demand is up 22% in 2021, according to the 9th annual U.S. Industrial Demand Study.
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Homeownership Among Black Americans Still Lags Behind White Americans
Black Americans are also more likely to make financial sacrifices, like getting another job, to purchase their first home compared to their white peers.
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Home Flippers See Drops in Profit
Only 32,526 single-family homes and condos were flipped in the first quarter of 2021, representing just 2.7% of all sales, or only one in 37 transactions. This is the lowest level of flips in 21 years.
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