After three increases, Fannie Mae’s monthly consumer index found a 3.6-point drop in Feb. when 44% of owners said it’s a bad time to sell, up from 39% in Jan. WASHINGTON – After six uplifting weeks of positive inflation reports, the economy turned on a dime when it became clear inflation had not yet been … Read more
Attitudes turn positive: A monthly UF study of Floridians saw a 1.9-point increase overall, with a rise in current expectations as well as expectations for the future. GAINESVILLE, Fla. – In February, consumer sentiment among Floridians increased 1.9 points to 67.2 from January’s revised figure of 65.3. A similar national consumer sentiment index increased 2.1 … Read more
Overall, Jan. new-home sales rose 7.2%, but the South’s 17.1% carried the three other areas that saw a decline. The Northeast saw the biggest drop at 19.4%. WASHINGTON – Sales of newly built, single-family homes in January increased 7.2% to a 670,000 seasonally adjusted annual rate from an upwardly revised reading in December, according to … Read more
MIAMI – Many prospective homebuyers sent a strong message at the start of 2023: They are done trying to buy homes in South Florida, as annual sales nosedived in January in Miami-Dade and Broward counties. For residents patiently waiting to buy a bigger house here or move to a different neighborhood for better quality of … Read more
FICO study: While credit scores empower users to secure loans or get better interest rates, some people view them almost like a test, and an “A” grade provides security. SAN JOSE, Calif. – Global analytics software firm FICO released the results of a national survey, Credit Scores Uncovered: Consumer Relationships with their Scores. While credit … Read more
The Consumer Confidence Index rose to 109 in Dec. and dropped a bit to a still-optimistic 107.1 in Jan. as the possible threat of a 2023 recession looms. BOSTON – American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of … Read more
TORONTO – On January 1, 2023, the Canadian government’s Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act) and the associated Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (the Regulations) came into effect. The Act prohibits “non-Canadians” – which, by virtue of the Regulations, includes entities formed outside of … Read more
For independent contractors, a slowing market might mean less money. But budgeting is always important since commission checks ebb and flow. CHICAGO – You may be watching your cash flow during the market slowdown. Use these smart tips to protect your nest egg. News about economic tumult may be making you feel jittery about your … Read more
Florida Realtors chief economist: Expect Fla. housing to return to a more “traditional” market like in 2018-2019 “as supply and demand become more balanced.” ORLANDO, Fla. – What should consumers, Realtors® and policymakers expect when it comes to Florida real estate over the next year? After the unexpectedly strong years of 2020 and 2021 despite an … Read more
The office market is in a state of flux, and future demand relies on factors that have not yet played out. As a result, investors are considering other commercial areas. NEW YORK – Many of the most prominent office developers in the United States are shifting gears, looking to buy or build real estate that is … Read more
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