While inflation numbers guide Fed decisions, two members say 5% will be the bare minimum stopping point, and it will be in effect at least through 2023.
Market changes call for investment recalibrations next year. Planning is mandatory even if fundamentals are strong and interest rates not historically shocking.
Sept.’s S&P CoreLogic Case-Shiller 20-city price index found a year-to-year increase of 10.4%, but Miami (up 24.6%) and Tampa (up 23.8%) led the nation.
The GSE’s economic and research group thinks the U.S. hasn’t seen the full impact of higher mortgage rates yet, but 2024 will be better after a slow-down year.
It’s the second week in a row for a notable drop in rates as non-inflation-rate factors influence demand. A few weeks ago, average 30-year rates were higher than 7%.
Shamrock Road in Tampa will have a first for the area: a 3BR, 2-bath 3-D printed home listed for $599K. Robotic “hands” will layer concrete to make the walls.
Consumers don’t pay for reinsurance – but property insurers do as a kind of “insurance for insurers.” Rate increases add another challenge to Fla.’s RE market.
