Last month Hurricane Irma left a path of wreckage and destruction across the Caribbean and parts of Florida. As the road to recovery and rebuilding begins, Metrostudy’s Chief Economist and our Florida Regional Directors weigh in on what they think this storm will do to the future of the Florida Housing Market.
Read more at METROSTUDY
Home prices increased across the U.S. once again, and will only continue to climb, though at a much slower pace, according to the latest Home Price Index and HPI Forecast by CoreLogic, a global information, analytics and data-enabled solutions provider.
Read more at HOUSINGWIRE
The Conference Board recently reported that the Consumer Confidence Index declined slightly in September. The present situation index declined by 1.5% from 148.4 to 146.1, while the expectations index rose by 0.5% from 101.7 to 102.2. As a result, the Consumer Confidence Index decreased by 0.5% to 119.8 in September on a seasonally adjusted basis, from 120.4 last month.
Read more at Eye On Housing
The Census Bureau, in collaboration with the Department of Housing and Urban Development (HUD), recently released the Survey of Market Absorption (SOMA), which tracks apartment and condominium completions, absorption rates (the share of apartments/condos rented or purchased within the first 3 months after completion), and asking prices.
This week, President Donald Trump and Republican leaders plan to release their tax plan which could bring major changes to the housing industry, if acted upon.