The median home price in the U.S. is down 2% year-over-year due to rising interest rates, high inflation, and low housing inventory. However, the housing market is still relatively strong, and prices are expected to remain stable in the coming months.
Despite the slowdown, prices are still expected to increase by 2.9% in 2023. It is difficult to say when housing prices will drop, but factors such as rising interest rates, high inflation, and a decline in the stock market could lead to a dec...
Tags:economy, existing home sales, home prices, Housing, housing market, inflation, interest rates, real estate
The rising value of homes in Florida has now surpassed New York as the second most valuable housing market in the United States. This is due to a number of factors, including:
An influx of people moving to Florida from other states: Florida has a no-income tax, a warm climate, and a variety of job opportunities, making it an attractive destination for people moving from high-tax states like New York and California.
A limited supply of housing: Florida has a growing population but a limite...
Tags:affordability, covid-19, economy, Florida housing market, home prices, job opportunities, limited supply of housing, median home price, migration, New York housing market, no-income tax, population growth, real estate, US housing market
New York City has one of the first and most expensive carbon taxes and has especially felt the impact of carbon taxes in recent years. Landlords in New York City will face a $268 fine for every ton of carbon dioxide emitted beyond certain limits.
The impact of the emissions laws will initially be small but one will follow after the other with more costly problems faced by landlords, such as rising interest rates and vacancy rates.
Some big landlords with multiple properties around the coun...
Tags:buildings, carbon tax, climate change, costs, emissions, energy efficiency measures, fines, landlords, New York City, real estate, regulations, sustainability, Tenants
