Category: economics
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2023 Mortgage Forecast: Rates Expected to Decline
Mortgage rates are widely expected to fall this year as inflation recedes and the U.S. economy prepares for the possibility of a modest recession, according to some of the nation’s leading real estate economists. This comes after mortgage rates saw record-breaking…
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Rents are starting to fall across the US — and they’re set to drop even more in 2023
Alcynna Lloyd and Jacob Zinkula Oct 28, 2022 via Business Insider If your rent spiked this year, as it did for many Americans, 2023 could give you reason to celebrate. Tom Lawler, a former Fannie Mae economist, wrote in a recent real estate newsletter…
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Rent prices finally hit a wall
Rents may have reached their price ceiling. “People searching for apartments feel they can’t devote any more of their income to rent,” The Wall Street Journal reports, noting that cities where prices shot up more than 30% during the first…
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‘Here are 5 big stories on rental housing you might have missed during the holiday break. These are some big headlines that were hard to ignore!’ ~ Jay Parsons
‘Here are 5 big stories on rental housing you might have missed during the holiday break. These are some big headlines that were hard to ignore!’ ~ Jay Parsons
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In an ocean of new Class A multifamily in Sarasota, FL one complex is set up to cater to the working class.
SARASOTA, Fla. (WWSB) — The Sarasota Housing Authority has finally opened the doors to the brand new Lofts on Lemon apartment building. The Lofts on Lemon is a 128-unit apartment building located near 9th St. and Lemon Ave. in Sarasota.…
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Fed may be leaning towards a reduction in rate increases
The Consumer Price index rose 7.1% in November compared with a year ago, lower than October’s 7.7% pace and sharply down from June’s 9.1% peak. It’s the slowest year-over-year increase in 12 months and is a sign that the Fed’s…
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“I believe that if you show people the problems and you show them the solutions, they will be moved to act.” – Bill Gates
“I believe that if you show people the problems and you show them the solutions, they will be moved to act.” – Bill Gates
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Renter incomes continue to grow, but the pace is moderating … and interestingly, the moderating pace of growth mirrors the trend in asking rents.
Renter incomes continue to grow, but the pace is moderating … and interestingly, the moderating pace of growth mirrors the trend in asking rents.
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Fair market rents in Sarasota region up nearly 35% over 2019
Although home prices are stabilizing, fair market rents in the North Port-Sarasota-Bradenton metro area are up by 34.5% over 2019 as market pressures continue in the wake of the pandemic.
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“We will stay the course until the job is done.”– Jerome Powell
Powell Softens Stance In a speech Wednesday, Federal Reserve Chairman Jerome Powell seemed to signal a potential slowdown in interest rate hikes. Powell said, “the time for moderating the pace of rate increases may come as soon as the December…
The Commercial Real Estate Alpha Site 