Fed Raises Interest Rates 3/4 Point for Third Time
In a fight to curb inflation, the Federal Reserve pushed rates higher and will likely do so again. It impacts mortgages indirectly, but rates are still expected to move higher.
Need Help or Worried About Someone? Dial 988
On July 16, the National Suicide Prevention Lifeline switched from a full phone number to just 3 digits: 988. After the number upgrade, call volume rose 45%.
Some Airbnb Hosts Don’t Love Airbnb
Airbnb guests don’t hold back on social media, complaining about costs, amenities and more. Now Airbnb owners are starting to complain about their guests.
NAR: Aug. Existing-Home Sales Slip 0.4%
National sales declined for the seventh straight month, down 0.4% from July and 19.9% year-to-year. The median home price is still rising, however, up 7.7% in Aug.
Aug. U.S. Rent Increases Outpace Fla. Increases
At 10.7%, Orlando came closest to the national year-to-year rise of 11%. It was 10.3% in S. Fla. counties – and median rents actually fell 1.8% in Jacksonville.
Fla.’s Aug. Housing: Inventory, Median Prices Rise
Florida Realtors: Fla.’s single-family median price up 15% ($407K), condo median up 20.8% ($305K). Chief Economist: Inventory is growing but pace has slowed.