In May 2024, U.S. home prices rose by just 0.3% from the previous month, marking the smallest increase since January 2023. This slow growth is attributed to a slight rise in new listings, providing buyers with more options amidst high mortgage rates. Despite a 7.2% year-over-year increase, the pace is plateauing, suggesting a cooling market.

The Redfin Home Price Index (RHPI) indicates this trend, which uses repeat-sales pricing to measure changes in single-family home prices. While the housing shortage remains severe, it's easing compared to last year, with new listings increasing gradually. This slight increase in supply has alleviated some pressure on sale prices.

Chen Zhao, Redfin’s Economics Research Lead, noted that cooling inflation could…

235 Views, 0 Comments

Read Full Post


As we navigate through 2024, the U.S. housing market presents a compelling narrative shaped by robust job growth and significant homeowner equity gains. This dual perspective offers a deeper understanding of the market dynamics influencing both homeowners and potential buyers.

Big Job Growth in May 2024

In May 2024, the U.S. economy added 272,000 jobs, much more than expected. This strong job growth is helping the economy and making life better for workers, who are now seeing their wages grow faster than inflation.

Even though job growth is strong, the unemployment rate went up a bit to 4%, ending a 27-month period of very low unemployment. This shows that even in a strong job market, there are still challenges to face.

Key Highlights:

…

375 Views, 0 Comments

Read Full Post

Governor Ron DeSantis has recently enacted a bill aimed at curbing controversial enforcement practices by homeowner associations (HOAs) and enhancing their transparency. This new legislation, set to take effect on July 1, introduces a variety of measures designed to protect homeowners and ensure fair treatment.

Key Provisions of the New Law

Restrictions on Fines

HOAs can no longer fine homeowners for not bringing in a trash can within 24 hours before or after collection time. Additionally, holiday decoration fines can only be issued if a written notice is provided first.

Transparency and Accountability

Homeowners must receive a 14-day written notice of their right to a hearing to contest violation notices. Post-hearing, the HOA must notify…

2630 Views, 0 Comments

Read Full Post

Are home prices finally beginning to cool off? Recent data suggests that we might be seeing the first signs of a shift in the market, as more sellers are now willing to reduce their asking prices compared to any time last year.

According to a recent report from Redfin, 6.4 percent of sellers across the country cut their asking prices during the four-week period ending May 26. This is the highest percentage of price reductions since November 2022. Additionally, the median asking price dropped by approximately $3,000 last week, bringing the national median to $416,623. While this figure remains high, the decline is notable given that it's the first drop in six months.

Several other indicators point towards a potential slowdown in price growth. For…

489 Views, 0 Comments

Read Full Post

Downtown Fort Lauderdale, FL, is a vibrant area known for its beautiful beaches, dynamic nightlife, and top-notch dining options. Whether you're visiting for a vacation or considering making this sunny city your new home, knowing the best places to eat and drink can enhance your experience. Here's a comprehensive guide to some of the best restaurants and bars downtown Fort Lauderdale has to offer, complete with addresses, contact information, and links to their websites for your convenience.

Beach and Beach Bars

Downtown Fort Lauderdale's beaches are a major attraction, and the beach bars provide the perfect spots to enjoy the ocean breeze with a refreshing drink in hand.

Blondies

- **Address:** 229 S Fort Lauderdale Beach Blvd, Fort…

314 Views, 0 Comments

Read Full Post