Mortgage Rates Rise; 30-Year FRM at 6.90%
Freddie Mac economist: Strong economic and inflation data “caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates.”
Fla.’s Jan. Housing: Median Prices, New Listings Up
Florida Realtors: Fla.’s single-family median price up 3.8% ($405K), condo median up 3.2% ($320K). New listings and inventory levels up in both property categories.
Fla. Ranks 2nd as Best Small Business State
The state got high marks for its net influx of educated workers, job creation rate (up 12.7%) and consumer spending (up 3.4%).
Condo Associations May Get $175K for Stormproofing
Lawmakers are considering a My Safe Florida Condo pilot program that would help condo associations “harden” their buildings against severe weather.
RE Paradoxes That’ll Change How You Do Business
The money paradox for real estate firms occurs when money must be spent in order to make money, even when cash flow is inconsistent or seasonal.