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  • Real estate reprieve continues as mortgage rates keep falling
    Real Estate News

    Real estate reprieve continues as mortgage rates keep falling

    March 25, 2023 /

    ‘Mansion Global’ host Katrina Campins discusses the house loan charge roller coaster and the influence of Silicon Valley Bank’s closure on the serious estate market place. Property finance loan rates fell for a 2nd week, in accordance to weekly details compiled by Freddie Mac. The 30-calendar year fastened-price mortgage (FRM) averaged 6.42{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} as of Mar. 16, down from 6.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} recorded very last week. A person calendar year in the past, the 30-yr FRM averaged 4.42{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. In the meantime, the 15-calendar year set-level mortgage loan averaged 5.68{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, down from very last week when it averaged 5.90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. At the identical time in 2022, the 15-12 months FRM averaged 3.63{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Household residences in…

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    Francis McGee Comments Off on Real estate reprieve continues as mortgage rates keep falling

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    Babylon, Merrick, Farmingdale among hotspots for millennial homebuyers

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    Housing market disaster brewing according to ‘Big Short’ investor

    Housing market disaster brewing according to ‘Big Short’ investor

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    Kyle Richards’ husband opens real estate firm in Palm Beach County

    Kyle Richards’ husband opens real estate firm in Palm Beach County

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  • US labour market continues to be strong | Business and Economy News
    Economy News

    US labour market continues to be strong | Business and Economy News

    March 3, 2023 /

    Labour industry resilience and stubbornly superior inflation have improved the odds the US Federal Reserve will keep on to increase interest prices. The quantity of Individuals submitting new statements for unemployment fell again very last 7 days, pointing to sustained labour sector strength and introducing to economical current market fears that the United States Federal Reserve could preserve mountaineering interest rates for lengthier. All those concerns were further more heightened by a further report from the US Office of Labor on Thursday showing labour costs grew a great deal a lot quicker than previously believed in the fourth quarter. The labour industry remains tight even with increasing risks of a…

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    Francis McGee Comments Off on US labour market continues to be strong | Business and Economy News

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    Is California’s economy heading for a recession?

    Is California’s economy heading for a recession?

    October 3, 2022
    Recession Odds Recede as Labor Market, Economy Show Surprising Strength | Economy

    Recession Odds Recede as Labor Market, Economy Show Surprising Strength | Economy

    February 13, 2023
    S&P 500 Gains to Disappear by Early March

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    February 19, 2023
  • Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues
    Real Estate News

    Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

    January 21, 2023 /

    Douglas Elliman executive director of profits Dina Goldentayer discusses Florida’s crimson-warm housing industry as need proceeds to rise on ‘Mornings with Maria.’  Florida’s red-incredibly hot actual estate market place is not expected to interesting anytime shortly as scientists predict Miami household selling prices will defy a 2023 charge correction and carry on to increase.  U.S. current dwelling profits slowed for the 11th consecutive month in December as increased property finance loan costs, surging inflation and steep dwelling charges sapped shopper demand from the housing market.  But Miami looks to be the exception to the rule as People in america keep on to abandon blue condition tax guidelines. “As very long…

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    Francis McGee Comments Off on Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

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    Lesson Learned: Stop Focusing On The One-Hit Wonders

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    December 13, 2022
    Babylon, Merrick, Farmingdale among hotspots for millennial homebuyers

    Babylon, Merrick, Farmingdale among hotspots for millennial homebuyers

    March 28, 2023
    Goldman Sachs makes a bold housing market call

    Goldman Sachs makes a bold housing market call

    February 7, 2023
  • LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation
    Automotive

    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    December 26, 2022 /

    Expanding Morgan Automotive Group of Tampa, Fla., bought two Florida Kia dealerships from LMP Automotive Holdings Inc. previous 7 days and purchased a Florida Stellantis retail outlet in a separate, unrelated November transaction. It marks the 3rd dealership sale announced by smaller car retailer LMP in three months. The Fort Lauderdale, Fla., firm claimed in a Monday information launch that it is below agreement to sell two extra dealerships and is promoting its two remaining franchised merchants. The deal for Kia of Cape Coral and Kia of Port Charlotte shut on Dec. 15, in accordance to Morgan Automotive CEO Brett Morgan. The dealerships’ names continue being, he stated. “That was…

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    Francis McGee Comments Off on LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

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    10 auto industry predictions for 2023

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    January 16, 2023
    150 plug-in vehicles arriving in U.S. showrooms through 2026

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    October 3, 2022
    Tesla losing EV market share to sub-$50,000 rivals

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  • Stocks close mostly lower as selling pressure continues
    Finance News

    Stocks close mostly lower as selling pressure continues

    December 8, 2022 /

    U.S. shares extended this week’s downtrend Wednesday to near a choppy session with losses as the prospect of sustained greater fees and slowing growth continued to plague investor sentiment. The S&P 500 (^GSPC) slumped .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, ending a fifth straight working day lower, even though the Dow Jones Industrial Normal (^DJI) capped buying and selling at the flatline. The know-how-weighty Nasdaq Composite (^IXIC) declined .5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. In commodities markets, oil prolonged losses to near about $72 per barrel following a decrease of approximately 10{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} this 7 days to the cheapest stage given that January. “Fears are escalating that economies are in for a tough time in advance as feverish inflation and the…

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    Francis McGee Comments Off on Stocks close mostly lower as selling pressure continues

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    Contact Offers ‘Green Finance’ to Boost Sustainability

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