Home prices in the country could fall 15 to 20 percent in a “pessimistic” scenario, according to the recently published report. If that correction happens, it could remove 0.5 to 0.7 percentage points from consumer spending. CLICK ON THE HEADLINE FOR MORE
Miami and Tampa trailed only Phoenix in home-price increases in 20 metro areas measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. CLICK ON THE HEADLINE FOR MORE
Florida has become a particularly popular destination this year as remote workers and retirees flock to the state in search of beaches, warm weather, low taxes and more affordable housing than big cities. Net inflow into Miami has nearly tripled since this time last year. CLICK ON THE HEADLINE FOR MORE
After the market came to a halt early on in the pandemic, single-family sales soared last year. Condo sales bounced back later, which explains the much greater year-over-year increases for condo closings in the second quarter, according to a recent report. CLICK ON THE HEADLINE FOR MORE
