South Florida Real Estate

The order includes Citrus, Dixie, Hamilton, Lafayette, Levy, Suwannee and Taylor counties and clears the way for federal funds to aid in their recovery. TALLAHASSEE, Fla. – President Joe Biden on Thursday approved a federal disaster declaration to help state and local recovery efforts after Category 3 Hurricane Idalia slammed into North Florida’s Big Bend … Read more

An initial growth estimate of 2.4% was downgraded, though it’s still an acceleration from the 2% growth rate logged in the first quarter. WASHINGTON – The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said … Read more

In June 2023, home prices were the same year-to-year – no increase or decrease – but they rose almost 1% in a month-to-month comparison. NEW YORK – S&P Dow Jones Indices (S&P DJI) data released for June 2023 show all 20 major metro markets reported month-over-month price increases for the fourth straight month, and prices … Read more

The death of in-person shopping has been exaggerated. A drop in construction around 2009 coupled with post-pandemic demand lowered available space to 4.8%. NEW YORK – Retailers are on track to open 1,000 net new stores in the United States this year as retail availability hits record lows, in fresh signs of the sector’s resilience … Read more

Builders have turned their sights to buyers of moderate means, and house size reflects that change. Fewer now have dining rooms, bathtubs and/or family rooms. NEW YORK – With some potential buyers feeling priced out of the housing market, home builders are finding ways to make their product more affordable to increase their pool of … Read more

JACKSON HOLE, Wyoming (AP) – The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have … Read more

Most local Realtor associations (74%) have less than 2,000 members, and 2 out of 5 (38%) allow non-Realtor MLS participation. Their top non-dues revenue? Late fees. CHICAGO – The National Association of Realtors® (NAR) put out its inaugural report on Realtor associations across the U.S., and the vast majority of them (74%) are relatively small … Read more