Multifamily Housing Starts to Ease in 2024
NAHB: Builders predict multifamily starts will continue to decline (20%) this year, since units under construction are already near the highest level since 1973.
Understanding the Basics of RE Property Appraisals
A property appraisal is needed when mortgage financing is used to buy residential real estate. It acts as a market value reference point for buyers and current owners.
U.S. Economy Grew Solid 3.2% in 4Q 2023
Consumer spending, which grew at a 3% annual pace during the quarter, fueled the upswing. The nation’s economic growth has topped 2% for six consecutive quarters.
Floridians Show Positive Consumer Sentiment
It’s the fifth month in a row Florida residents’ optimism has resulted in a rise in consumer sentiment, to 74.1 in Feb., up 1.5 points from Jan.
Rising Insurance, HOA Fees Impact Condo Market
Recent reports note Fla.’s condo market faces rising costs. But an influx of high demand during the pandemic may also be a factor influencing current conditions.