Newsfeed: Wells Fargo Cuts Back on Mortgage Lending
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
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Why Build to Rent and New Homes Drive Demand for the Sunshine State
Florida’s demand for housing is skyrocketing! Thanks in part to its high job growth and affordability. In fact, The Sunshine State is currently the #1 migration state in the country. So why Florida and why build to rent? Imagine strong monthly profits, taking advantage of the trends in demand, and securing your cash flow with a diversified and stable tenant base. Find out more in this special report …
Newsfeed: Governor DeSantis Announces Florida’s Unemployment Rate Drops to Historic 2.7 Percent as State’s Job Creation Skyrockets
Today, Governor Ron DeSantis announced Florida’s unemployment rate dropped to a historic 2.7 percent in July as the state’s job creation skyrocketed. Florida’s July 2022 unemployment rate is the lowest since February 2020 and this level has only been reached three times since Florida began recording unemployment data in 1976.
Podcast: Finding Markets with Runway – Spotlight on Florida Build To Rent
When it comes to markets, Florida is SO hot right now … And we’re not talking about the weather. Between population growth, a healthy job market, high rental demand, quality of life, and landlord-friendly policies … There’s a lot for investors to like about the sunshine state right now.
Newsfeed: Chinese spent $6.1B on US real estate last year
Chinese investors were the most active buyers of US real estate last year among foreigners — spending a record $6.1 billion on homes mainly in Florida and California, according to the National Association of Realtors.
Newsfeed: Florida Claims All Top 10 Markets for Rent Growth
The top 10 markets for annual rent growth have something major in common: they’re all in the Sunshine State. In the year-ending 2nd quarter 2022 …
Newsfeed: Mapped: The Growth in U.S. House Prices by State
On average, the U.S. housing market has seen price appreciation of 4.4% annually since 1991. High demand and low supply have accelerated price growth during the COVID-19 pandemic. In fact, single-family house prices grew by 18.7% from the first quarter of 2021 to the first quarter of 2022—the highest growth seen in at least 31 years.
Newsfeed: Mass migration from blue states to red states; Florida enjoys enormous influx of wealth while New York suffers severe financial losses: Analysis
A new analysis of IRS data reveals the mass migration of Americans from blue states to red states and the significant ramifications as a result of the widespread resettlement.
Newsfeed: Fastest-Growing Cities Are Still in the West and South
Populations of cities and towns in the South and West regions of the United States still experienced the most growth from July 2020 to July 2021, with the top 15 fastest-growing cities or towns located in these regions, according to new population estimates for cities and towns, released by the U.S. Census Bureau today.
Newsfeed: New 2020 IRS migration data reveals Florida is the biggest winner, New York is the biggest loser, in the competition for people and their wealth
Every year, states across the country compete with each other for people and their wealth as millions of Americans move between states. The stakes are large. A growing population for the winners means an increasing tax base, economic growth and investment. For the biggest losers, it means more difficulties in paying down debts, higher taxes and fewer investments for the future.