Lubbock Association of REALTORS®

Daily News

21 January 2021

• Plunging City Rents Could Spawn Urban Resurgence

  “Right now is a great time for renters in major cities to lock in a low price for 2021,” realtor.com®’s chief economist says.

• Uptick in Costs, COVID-19 Cases Shakes Builder Confidence

  A major surge in lumber prices could hamper affordability, builders say. But for now, buyer demand for new homes remains strong.

• Biden Extends Eviction Moratorium to March 2021

  In one of his first actions after taking office, President Joe Biden signed an executive order to extend the federal ban on evictions.

• FHA Is Backing Mortgages for DACA ‘Dreamers’

  DACA recipients who are legally permitted to work in the U.S. are now eligible to apply for an FHA mortgage.

• Are Some Buyers Going ‘Too Far’ to Win a Bidding War?

  Some home shoppers are saying "pick me!" with offers of special mementos to sellers or even payoffs to competing buyers.