Fed policymakers indicated they may make three quarter-point cuts to their benchmark interest rate beginning in the second half of 2024. WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of … Read more
NEW YORK (AP) — Regulations are a double-edged sword. They’re created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often mean more red tape, higher costs and possible penalties for failing to comply. ″For a small business, you have a higher cost per employee … Read more
Tampa, Altamonte Springs and Sarasota make Money.com’s top 50 “Best Places to Live in the U.S.” for 2022-23. TAMPA, Fla. — Three Florida cities were recently ranked among the best places to live in the United States, according to a new list from Money.com. Money said it looked at economic opportunities, quality of life, diversity, … Read more
Freddie Mac’s new tool makes it easier for lenders to determine if a specific condo qualifies for a mortgage loan. It says buyers can now get a firm answer in “just minutes.” McLEAN, Va. – Freddie Mac announced enhancements to its Condo Project Advisor to help lenders “bring greater efficiency to the financing of condominiums.” … Read more
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
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