Thu Aug 15, 2024 on News
As more and more consumers shop online, the need for large malls has overall decreased. Other reasons for less consumer mall traffic include inflation and changing consumer preferences. Recently, the department store Macy’s has announced that it will close approximately 150 stores throughout the United States by 2027. This has a huge impact on the overall real estate market, as Macy’s […]
Mon Aug 5, 2024 on Florida Real Estate & News
The Federal Reserve’s recent announcement of a likely interest rate cut has stirred up the South Florida real estate market. Why? Typically, as the Federal Reserve lowers its interest rate, mortgage rates generally fall as well. As a result, lower mortgage rates would inevitably increase homeowners’ listings and mortgage applications. With more homeowners listing their homes, more housing supply will […]