Category: Politics
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The Number of Homes for Sale Reaches Highest Level Since 2019—Even in Pandemic ‘Boomtowns’
In the dynamic world of real estate, change is the only constant. The pandemic sent the market into overdrive, but higher mortgage rates had slowed the pace—until now. The number of homes for sale has surged, reaching the highest levels since 2019, even in the pandemic ‘boomtowns.’ Market Surge: Key Insights According to Realtor.com®’s senior…
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🌟 U.S. Economy Grew at 2.8% Rate in Third Quarter 🌟
In a key economic report released just days before the presidential election, the U.S. economy continues to show resilience, driven by robust consumer spending and cooling inflation. According to the Commerce Department, the gross domestic product (GDP), adjusted for inflation, expanded at a 2.8 percent annual rate in the third quarter. This growth rate closely…
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Understanding Inflation and Its Impact on Real Estate
Despite slowing inflation over the past two years, there’s a noticeable gap between official data and what many Americans experience daily. Real estate investors and developers must consider these dynamics to navigate the market effectively. What’s Behind the Disconnect? The disconnect is partly due to: Global Economic Outlook The International Monetary Fund (IMF) indicates that…
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Millennials: The Generation Shaping Relocation Decisions Through Political Views
A recent survey by Realtor.com® highlights a compelling trend: millennials are increasingly allowing political considerations to influence their decisions about where to live. According to the findings, one-third of millennials (33%) view national politics as a significant factor in their relocation choices—outpacing all other age groups, including Gen Z (25%), Gen X (21%), and baby…
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Hurricane Milton’s Impact on Various Sectors: Building Supplies, Banks, and Hotels
As Hurricane Milton approaches Florida’s Gulf Coast, its potential impact spans several sectors, including building materials, banks, and hotels. Described as ‘a dangerous major hurricane’ by the National Hurricane Center, Milton is expected to make landfall late Wednesday. Building Supplies The current trajectory of Hurricane Milton could significantly impact the densely populated Tampa/St. Pete area,…
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Mortgage Rate Drops: Which Cities Will Thrive? 🏡📉
As high mortgage rates begin to fall, homebuyers across the U.S. are set to benefit. However, a new report reveals that some areas will feel the impact more significantly than others. Cities Poised for Change According to Realtor.com®, cities like Denver, Raleigh, NC, and Baltimore are expected to experience a substantial impact from declining mortgage…
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U.S. Demographics Point to Steady Housing Demand
Demographic trends among U.S. apartment renters highlight a strong and ongoing demand for housing, supported by a comprehensive analysis from RealPage. Generational Breakdown The U.S. Census Bureau tracks the population by age, which helps to contextualize the population within generational cohorts: Key Statistics According to RealPage, the median age of apartment renters in the U.S.…
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Office Visits in Major Cities: August Trends and Insights
As we navigate the post-pandemic landscape, office visit trends in major cities offer a fascinating glimpse into the recovery and adaptation of urban workspaces. In August, office visits nationwide reached 68.8 percent of August 2019 levels, slightly below the recovery peak seen in July. Regional Highlights Miami, New York, Atlanta, and Dallas have outperformed the national…
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High-Supply Multifamily Markets Poised for a Bright Recovery
The multifamily real estate market is on the cusp of a significant turnaround. According to recent research from CBRE, markets that have experienced high supply and negative rent growth are set to rebound by mid-2025. This optimistic outlook is driven by stabilizing occupancy rates and increasing renter demand, which are absorbing much of the new…
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Fed Slashes Rates Aggressively: What It Means for Mortgages
In a bold move, the Federal Reserve has issued its first interest rate cut in four years, initiating an easing cycle that promises to make new mortgages more affordable. This significant policy shift, announced on Wednesday, saw a half-point reduction in the central bank’s benchmark rate, bringing it down to approximately 4.8% from a two-decade…
Daniel Kaufman Real Estate 