Category: economics
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Home sales drop
via Titan Funds Home sales for previously owned homes dropped 4.3% in March, and sales were 3.7% lower year over year. Although inventory improved significantly during the month, less people are buying homes due to increasing mortgage rates. All-cash purchases…
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Norway has all the cheddah.
written by William Coulman, David Crowther via sherwood news.com Norway’s nest egg The value of Norway’s sovereign wealth fund rose 6.3% last quarter, adding a whopping $110 billion to the country’s stockpile despite technically falling just shy of its target benchmark return. What started as the Norwegian government’s rainy…
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Affordable housing proposed for Lakewood Ranch area
If approved, the 66-unit rental townhome project will be located on Lorraine Road next to Savanna at Lakewood Ranch. Development is nothing new to the Lakewood Ranch area, but a development that includes affordable housing units is now on the…
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The sobering message from the Fed: Interest rate cuts aren’t coming soon
A string of discouraging inflation reports since the start of the year keeps pushing the timeline back By Rachel Siegel April 16, 2024 at 2:19 p.m. EDT Federal Reserve officials signaled a more sober tone this week, emphasizing that they’re in…
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Credit card delinquencies
via Titan Invest (visit here) U.S. credit card delinquency rates were the highest on record in the fourth quarter of 2023, according to the Federal Reserve Bank of Philadelphia. 3.5% of card balances were at least 30 days late as…
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Prime Multifamily Metrics Tick Upward for First Time in Two Years
By: Paul Bubny article via Connect CRE – CLICK HERE to read full article and others Multifamily metrics including going-in cap rates, exit cap rates and unlevered IRR targets for prime assets showed slight improvement in the first quarter, the…
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New Affordable Housing Incentives Will Allow Triple Density Along Some Sarasota Thoroughfares.
By Kim Doleatto April 3, 2024 via Sarasota Magazine – CLICK HERE for complete article While the surface of this density increase seems positive, at the deeper levels this appears to miss the mark in my opinion. While the article alludes to…
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The top 15 markets for ongoing construction of build-to-rent single-family housing units
By Jay Parsons via LinkedIn Here are the top 15 markets for ongoing construction of build-to-rent single-family housing units, according to John Burns Research and Consulting. Few thoughts: 1) Top BTR construction markets are generally also top apartment construction markets. So…
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Dreznin Pappas Commercial Real Estate, LLC and Sean Dreznin have won Best of Sarasota 2024.
We couldn’t be more proud to represent the Commercial Real Estate industry as one of the Best ‘Real Estate Companies and Agents’ of Sarasota for 2024. Thank you for your votes and sincere gratitude! It is our pleasure to be…
The Commercial Real Estate Alpha Site 