WASHINGTON (AP) — With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring. Such a move would reduce borrowing costs across the economy, … Read more
Florida’s Space Coast will be the home to three warehouses with more than 600,000 square feet for the aerospace industry. The Texas-based Hines real estate investment firm is partnering with local developer Key Group on a $500 million industrial park near Florida’s Cape Canaveral, aiming to cash in on the booming aerospace industry. The real-estate … Read more
A good real estate coach can transform careers, especially for those agents who hit a roadblock because they’re not prepared for market changes. NEW YORK – The real estate market is on the cusp of an “up” cycle, with a projected dip in mortgage rates expected to drive home sales and purchases in 2024. Agents … Read more
New building codes and regulatory changes are in the future as Southwest Florida continues to recover from Hurricane Ian’s wrath. FORT MYERS BEACH – When it comes to once-in-a-generation hurricanes and Florida’s real estate market, one thing is clear: change is afoot. Consider Hurricane Andrew. More than three decades ago, that deadly 1992 storm … Read more
FORT LAUDERDALE – The situation for hopeful homebuyers in South Florida has long been bleak — and it’s not projected to improve any time soon. Although the region is likely at the peak of its housing cycle as sales slow and prices flatten out, Ken H. Johnson, a real estate economist who also works at Florida Atlantic … Read more
A proposed rule would allow fair housing testers – volunteers who look for housing discrimination – to have prior convictions. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development (HUD) extended its public comment period for a new rule that would allow fair-housing testers with criminal convictions to determine if landlords turn away … Read more
WASHINGTON (AP) – U.S. businesses and other employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. Friday’s report from the Labor Department showed that … Read more
A state report this week found Fla. with 22.6M residents – 1.61% more than it had a year earlier. But they also predict growth will slow over the next several years. TALLAHASSEE, Fla. – Florida continues to grow as it attracts people from other parts of the U.S., but that growth is projected to slow … Read more
MARATHON, Fla. – The state is considering easing strict long-standing limits on development in the Florida Keys, a move that could fuel the biggest building boom in the ecologically fragile island chain in nearly a half-century. It could – at least potentially – open the door to as many as 8,000 new homes and businesses … Read more
Citizens Property Ins. CEO Tim Cerio took issue with a Senate Budget committee info request, saying the Fla.-owned insurer has “never sought a federal bailout, period.” TALLAHASSEE, Fla. – Saying the state’s Citizens Property Insurance Corp. has “never sought a federal bailout, period,” Citizens President and CEO Tim Cerio on Wednesday took issue with a … Read more
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