Pending home sales took a hit in April, dropping 7.7%, as reported by the National Association of REALTORS®. All four U.S. regions saw declines both month-over-month and year-over-year. The Pending Home Sales Index (PHSI), which predicts future home sales based on contract signings, fell to 72.3 in April. Compared to last year, this is a 7.4% decrease. For reference, an index of 100 matches the...
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Exciting news for Daytona Beach residents and visitors alike! This Wednesday marks the grand opening of the Daytona Beach Aquarium and Rainforest Adventure, a much-anticipated addition to our vibrant community. Nestled in the heart of Daytona, this state-of-the-art facility promises an immersive experience into the wonders of aquatic life and the lushness of rainforest ecosystems. The Daytona Beach...
Welcome to the heart of NASCAR, where the roar of engines, the scent of rubber, and the sheer thrill of speed converge in one of the most electrifying events in motorsports: The Daytona 500. Known as "The Great American Race," this iconic event not only tests the limits of man and machine but also captivates millions with its blend of high-octane drama and competitive spirit. Let's dive into the essence of...
Ever heard of the Consumer Price Index (CPI)? This seemingly harmless acronym throws its weight around in the world of mortgages, influencing whether you snag a sweet deal or face a rate that feels like a ton of bricks. So, how exactly does this report hold such power over your home loan dreams? The Inflation Connection: The CPI tracks changes in the price of everyday goods and services. Think groceries,...
Tropical Storm Idalia intensified this morning as it approaches Cuba. The National Hurricane Center is predicting it would grow into a Category 3 major hurricane before striking Florida this week. Central Florida should expect to see Idalia Tuesday night - Wednesday morning. Here are 5 things to do to prepare for Tropical Storm Idalia: Make a plan and know your evacuation route. Talk to your...
If you've read my housing market updates you've seen the sale price tick down 1-4% over the past months. What does Zillow have to say about our housing market? Zillow predicts that US home prices will rise 6.3% in the next 12 months, above the historical average. Home prices will stop falling and have will begin rising again in the coming months. This is due to a lack of homes for sale, as...