Recession Ahead? Most Economists Say ‘No’
Despite inflation, sinking stocks and Fed moves, most economists say consumers – the primary drivers of the economy – are still spending money at a healthy pace.
Fla.’s Investors Pull Back in 1Q 2022
Fla. has 4 of the top 10 cities for real estate investors, but they’re pulling back. U.S. investor purchases dropped 11.5% in 1Q 2022 compared to the previous quarter.
Fed Attacks Inflation, Largest Rate Hike Since 1994
With inflation up to a 40-year high of 8.6%, the Fed raised its key interest rate by 3/4ths of a point and suggested that more hefty rate increases are likely.
Redfin and Compass Announce Lay-Offs
Redfin said Tuesday it would lay off nearly 500 employees. In an SEC filing, Compass said it plans to lay off 10% of its workforce.
NAHB: Builder Confidence Dropped Further in June
The builder association’s measure of attitudes has dropped for six months in row, hitting 67 in June. But any number above 50 reflects optimism over pessimism.