High Mortgage Rates Slow U.S. Housing Market Growth
Category: Real Estate Total Views: 13By : Riley Hayes Updated: 07-17-2024
U.S. Single-Family Homebuilding Hits Eight-Month Low in June
June's U.S. single-family housebuilding dropped to its lowest level in eight months. The main cause of this fall was rising mortgage rates. The decline implies that in the second quarter the housing market slowed down economic progress. Starting at 980,000 units, the Commerce Department noted a 2.2% drop in single-family house starts. Since October of last year, this is the lowest level. Data for May was changed to r... Read More
6 Essential Tips to Maximize Online Visibility for Your Future Real Estate Project
Category: Real Estate Total Views: 266By : Ryan Hughes Updated: 07-16-2024
Maximizing Online Visibility: Essential Tips for Your Real Estate Project
In today's digital age, launching a real estate project without a strong online presence is like putting a "For Sale" sign in your attic. To generate excitement and attract potential buyers, you must check that your project is visible across the web. You must confirm that it goes to the right audience and sparks serious interest.
In this article, we will delve into 6 essential tips to... Read More
Housing Inflation Persists Amid Economic Cooling
Category: Real Estate Total Views: 19By : Hannah Lewis Updated: 07-11-2024
Persistent Housing Inflation Amidst Broad Economic Cooling
While the larger American economy has shown notable cooling from peak epidemic levels, housing inflation has stayed high. Reducing the consumer price index (CPI) to targets for policymakers depends mostly on this slow drop in housing costs, which presents a challenge. Comprising 36% of the CPI, housing represents a higher proportion than food and energy. Consequently, movements in shelter prices have a big influence on gen... Read More
Improved Housing Supply Limits New Construction Growth
Category: Real Estate Total Views: 11By : Olivia Taylor Updated: 07-01-2024
Unexpected Decline in U.S. Construction Spending in May
Unexpectedly declining U.S. construction spending in May signaled a change in the market. The Census Bureau of the Commerce Department noted a 0.1% drop. This drop came after an upwardly corrected 0.3% increase in April. For May, economists had projected a 0.2% rebound. This surprising decline begs problems regarding the stability of the market. A big part was played by higher mortgage rates. They influenced general construct... Read More
New Regulations Shake Up Florida Condo Market
Category: Real Estate Total Views: 13By : Editor Updated: 06-28-2024
Florida Condo Market Faces Major Challenges
Significant problems are facing Florida's condo market, especially for retirees. Condos are becoming more expensive because of new regulations and growing insurance costs. The collapse at Surfside has increased concern for building safety. Reserve money increases are now required by homeowner associations, which drives up expenses. Many long-time residents are having trouble making ends meet. Some are being driven to sell and leave F... Read More