Vacancy rates are on a year-over-year upward incline, while net absorption returns were positive this quarter. New projects were opened to the market but are not yet occupied. A few major tenants are boosting occupancy of distribution space, while smaller businesses are slowly shutting down.
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A mortgage loan originator (MLO) processing an SFR mortgage application pulls a credit report, advises the applicant of the credit agency’s score and any derogatory financial information which suggests adverse action on the application. Critical to approval, the applicant provides the MLO with explanations for the derogatory items so the MLO can process the application.
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Learn how to manage licensed activities as a seller agent from soliciting a seller-client and organizing the marketing of their property through closing a transaction.
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A loophole allowed local agencies to designate neighborhoods as “historic districts” barring additional housing by ordinance. Now, that local loophole is removed. Parcels in historic districts may now be subdivided and each lot constructed with a duplex.
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State departments may now approve housing plans, and all agencies now have tighter review timelines, or a building permit application is deemed complete.
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