More homebuyers may be ready to enter the market now – figuring out debt-to-income ratio, interest rates, budget considerations and other factors are key.
NAHB: The latest data shows remodeling remains strong for the residential construction market, reflecting sustained consumer demand and industry confidence.
Florida’s unemployment rate ticked up for the 7th month in a row in March to 4.7%, reflecting about 523K qualified as out-of-work from a labor force of 11.15M.
When both parties clearly understand and discuss all of their priorities – not just price – it reduces friction and supports smoother closings.
Real estate Q&A: A new survey found the overlap, not uncommon as property lines don’t always match assumptions. Confirm the results first, then talk to the neighbor.
Realtor.com April report: U.S. home prices fall for 6th straight month, but fewer price cuts indicate that sellers are entering the market with realistic expectations.
First-time claims, at 5,375, dropped for the 2nd week in a row. Fla.’s jobless rate has slowly increased to 4.6%, reflecting mid-February conditions.
The government’s spending and investment grew at a 9.3% annual rate in Q1 while consumer spending growth slowed to 1.6%. Q1 covered about a month of the Iran war.
Thoughtful planning can help would-be home buyers prepare for the experience. A clear look at finances and budget is a good place to start.
Prices rose 3.5% compared to a year ago, pushing inflation further away from the Fed’s 2% target, likely leaving interest rates on hold at least for now.
