WASHINGTON – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn’t expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024. The combination of a pandemic economic rebound, a longtime shortage of rental housing stock […]
MIAMI — South Florida saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline. Miami-Dade and Broward saw 18 condo buyouts last year, the highest number since 2019 when both counties had a total of 23 […]
WASHINGTON – President Joe Biden called for legislation that will lower homeownership costs, build millions of new homes nationwide and reduce rental costs. Biden, in his State of the Union address, also announced new steps to lower homebuying and refinancing closing costs and highlighted his efforts to protect renters from burdensome fees. Biden called […]
News & Media By Amy Connolly LIVE OAK, Fla. — Gov. Ron DeSantis announced an award of more than $66 million to Hurricane Idalia-impacted communities, including more than $9.2 million to the Suwannee County Board of County Commissioners, Madison County and Big Bend Technical College through the Florida Job Growth Grant Fund (JGGF) for […]
News & Media PENSACOLA – During a meeting at Hurlburt Field in Okaloosa County with Air Force Lt. Gen. Tony Bauernfeind, local leaders discussed the lack of affordable and attainable housing in Northwest Florida for civilian and military residents, particularly along U.S. Highway 98. The average price of a single-family home in Milton rose […]
WASHINGTON – After the dramatic recovery from the post-pandemic world in 2022, the digital landscape zoomed ahead in 2023. It proved to be a year characterized by remarkable expansion, particularly within the domain of short-form video (SFV), which emerged as the dominant force across social media platforms. Short-form video platforms took center stage, becoming […]
WASHINGTON — In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business. U.S. District Judge Liles C. Burke decided late Friday that the […]
WASHINGTON — The Biden administration announced new actions it said would create tens of thousands of affordable homes while promoting fairer and more transparent rental markets. Among dozens of actions aimed at improving federal actions to improve access to affordable housing the White House said it would indefinitely extend the Federal Housing Administration and […]
News & Media By Amy Connolly WASHINGTON – New listings rose 13% year-over-year nationwide during the four weeks ending March 3, the biggest increase in nearly three years, the real estate brokerage firm Redfin reported. After eight months of declines, February is the first month the number of homes for sale has increased on […]
LOS ANGELES — The average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.88% from 6.94% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
WASHINGTON – People often think of disasters as great equalizers. After all, a hurricane, tornado or wildfire doesn’t discriminate against those in its path. But the consequences for those impacted are not “one-size-fits-all.” That’s evident in the U.S. Census Bureau’s newly released results from its national household surveys showing who was displaced by disasters […]
WASHINGTON — Texan Dixie Warden is quick to say she’s “not a numbers girl.” But as the first user of the government’s new free electronic tax return filing system, Warden reports she completed her taxes this year in about an hour using the program. “I don’t want to call myself a dummy, but this […]