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NAR’s Yun: Any Economic Downturn Likely Mild

The chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue

New Home Sales Sink 8.1% in June

Builders say it’s the lowest level since the start of the pandemic (April 2020), with buyers priced out due to high interest rates and ongoing building and development costs. …continue

Fla.’s June, 2Q Home Sales: Listings and Prices Up

Florida Realtors: Fla.’s single-family median price up 19.7% to $420K. Condo median price up 26.4% to nearly $325K. Inventory rising as new listings increase. …continue

Case-Shiller: Home Prices Up 20.4% in April

Prices remained up 20% year-to-year in April, but the monthly rate of increase appears to be slowing as the Fed’s interest rate hikes seem to be having an impact. …continue

Fla.’s Investors Pull Back in 1Q 2022

Fla. has 4 of the top 10 cities for real estate investors, but they’re pulling back. U.S. investor purchases dropped 11.5% in 1Q 2022 compared to the previous quarter. …continue