Agents offer buyers and sellers their market expertise, but that expertise can quickly become stale in a fast-changing RE market without regular educational updates. NEW YORK – A major success factor for real estate agents is to never stop learning. Most top professionals have a continual desire for knowledge and realize that each day is … Read more
JACKSONVILLE, Fla. – As questions loom over the Federal Emergency Management Agency’s (FEMA) ability to fund disaster recovery efforts, people who lost homes to recent wildfires and storms are trying to make their way through the difficult process of securing financial aid. Residents in communities hit by Hurricane Idalia, the Maui fires or other recent … Read more
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
Investors face the same problems as first-time buyers: low inventory and high mortgage rates. Dollar volume was down 42%, as investing in Jacksonville dropped 65%. SEATTLE – Investor home purchases fell 45% year-to-year in the second quarter, outpacing the 31% drop in overall home sales, according to a Redfin report. It’s the second-biggest decline since … 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
Americans’ confidence took two steps forward (June and July) and one step back. Higher prices had an impact along with less certainty about the job market. BOSTON – The August Conference Board Consumer Confidence Index declined in August to 106.1, from a downwardly revised 114.0 in July, reflecting a bit less optimism among Americans. The … 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
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