Some Fla. Counties Disburse 100% of Rental-Aid Money
Other Fla. counties have not. Miami-Dade and Palm Beach counties distributed all their initial rent-assist funding, for example, but Broward had used only 32%.
Fed will Maintain Current Policies Under Current Chair
Buyers keep an eye on mortgage rates, but there should be fewer surprises after Pres. Biden said he’ll rename Jerome Powell as chair for another four years.
Fla. Market: Median Prices Up, Amid Low Oct. Inventory
Florida Realtors’ data: Demand, low inventory impact prices. Single-family home median sale price up 17.7% to $358,950, condo median price up 17.6% to $260,000.
NAR: Oct. Sales Up 0.8% – but Down 13.1% Year-to-Year
Despite rising mortgage rates and a tight listing inventory (down 12% year-to-year), determined Americans kept purchasing homes in Oct.
Reservoir Completion Should Ease Toxic Algae Problems
The Corps of Engineers finished a $339M project to reroute excess water, which should cut St. Lucie River algae blooms that plagued nearby homeowners.