April Housing Starts Steady but Single-Family Drops 7.3%
Housing starts fell just 0.2% in April, but multifamily starts rose 15.3% to offset the single-family drop. NAHB cites “weaker confidence in the single-family market.”
98% of Investors Putting Money in Commercial RE
Survey: Thanks to recent stock market gyrations, investors are moving to real estate. They consider it stable and less likely to lose value until things cool down.
Tax Foundation: Fla. No. 4 for ‘Business Tax Climate’
Researchers found that the top lower-tax states didn’t have a “major tax,” which helped Fla. move high in rankings since it lacks a personal income tax.
NAR: Fla. Home to the Top 5 Commercial Markets
The Commercial Real Estate Market Conditions Index factors 25 variables on economic conditions, demographics and more. This year, Orlando topped the list.
Home Affordability Down – But It’s Been Lower
A median-priced home was 79% less affordable historically in 1Q 2022, says Attom. But even in Miami, homes are still 50% more affordable than they were in 2006.
3 Fla. Metros in Top 15 for Mortgage Fraud
Buyers feel pressure to lie on mortgage applications as homes become less affordable, and it’s become more prevalent in South Fla., Orlando and Tampa metros.