State Tax Estimates Get $2 Billion Bump
State economists report a positive outlook despite uncertainties. Revenue estimates highlight that “Florida’s economy is healthy and growing.”
Summer Housing Slowdown Continues
In the South, new home construction starts are 5.4% lower year-to-date, and permits have decreased by 0.3% over the same period
Impact of Lower Fed Rates on Spenders & Savers
With inflation nearing the Fed’s 2% target, economists expect rate cuts starting in September. Homebuyers could see big benefits.
The Villages: Not Just for Older Residents Anymore
In a shift that could reshape retirement communities across Florida, The Villages has emerged as the nation’s fastest-growing area for young children.
Average Mortgage Rates Tick Up
The average rate on a 30-year mortgage rose to 6.49% from 6.47% last week. Costs on 15-year fixed-rate mortgages are up to 5.66% from 5.63%.
Out With the Old, In With the Bold
The younger generation is shaking up home staging. To attract Gen Z investors, embrace a more dynamic and engaging approach to interior styling.
Investor Purchases Surge to 2-Year High
Investors bought 1 of every 6 U.S. homes that sold, purchasing $43 billion worth of properties, and 1 of every 4 low-priced homes that sold.
Builder Confidence Moves Lower
A lack of affordability and buyer hesitation contributed to a decline in builder sentiment in August. An upcoming interest rate cut should help.
Are You Ready? NAR Settlement = New Practices
Starting tomorrow, August 17, changes to the NAR settlement practices take effect. Florida Realtors has resources available to help you navigate these new changes.
Young Owners Likely to Tap Equity for Spending
A Bankrate survey found younger and older owners differ in how they use home equity. Overall, 55% of owners approve of using equity for home improvements.