If you need assistance, please call 850-259-1798

Florida Realtors | Beach Road Realty Inc Blog

Saturday, January 6, 2024   /   by Richard Eimers

Florida Consumer Sentiment Mixed In Dec.

By Amy Connolly
Although UF’s monthly consumer confidence survey ended the year on a high note, the survey marked its third lowest level since it began in 1985.

GAINESVILLE, Fla. – Consumer sentiment in Florida inched up for a third consecutive month in December to 69.5, gaining 1.2 points from a revised figure of 68.3 in November. Meanwhile, national consumer sentiment surged by 8.4 points, the University of Florida found in its monthly consumer confidence survey.
The annual average consumer confidence ended 2023 at 67.9 points for the year, marking the third-lowest level on record since the series began tracking consumer confidence in 1985, UF researchers said. The lowest on record was 64.3 in 2022 and the second lowest was 65.6 points in 2008, said Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research.
The survey looks at five components that make up the index. December’s survey showed an increase ...

  beach road realty, richard eimers, eimers group, florida, consumer sentiment, economic outlook, uf research, market analysis, florida realtors, economic indicators

Monday, October 23, 2023   /   by Richard Eimers

More Californians Bypass Texas and Move to Florida

Census Bureau: Fla. and Arizona welcomed more relocating Californians last year as Texas numbers dropped. In 2021, 37K moved to Fla.; in 2022, it grew to 50K.

ORLANDO, Fla. (AP) – The number of former Californians who became Texans dropped slightly last year, but some of that slack was picked up by Arizona and Florida, which saw their tallies of ex-Californians grow, according to new state-to-state migration figures released Thursday.
The flow of Californians to Texas has marked the largest state-to-state movement in the U.S. for the past two years, but it decreased from more than 107,000 people in 2021 to more than 102,000 residents in 2022, as real estate in Texas’ largest cities has grown more expensive.
In Florida, meanwhile, the number of former Californians went from more than 37,000 people in 2021 to more than 50,000 people in 2022, and in Arizona, it went from more than 69,000 people to 74,000 people during that same time period.
California had a net loss of ...

  beach road realty, eimers group, richard eimers, real estate, florida realtors, arizona, california migration, census bureau, covid-19 pandemic, cross-state movements, economic factors, family relocation, florida, housing costs, interstate migration, migration figures, moving stories, new york to florida, population growth, population shifts, relocation trends, state-to-state movements, texas, us migration trends, us residents

Thursday, September 21, 2023   /   by Richard Eimers

Fannie Forecast: Mild Recession the Likeliest Outcome

With a nod to the economy having “mixed signals,” Fannie Mae’s 3Q forecast calls for a “modest contraction” and mortgage rates “settling above 7%.”

WASHINGTON – The key question for economists: Is the U.S. headed toward a soft landing or a mild recession?
According to September 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, it’s a modest contraction.
“Mixed signals from key economic data releases continue to muddle the near-term outlook and the answer to that question, but a modest contraction remains the most likely outcome as consumption continues to outpace incomes and previous monetary policy tightening works its way through the system,” the report says.
The housing market faces renewed headwinds with mortgage rates settling above 7%, according to the ESR Group. Still, the downside risk to total home sales is limited as more sales are being driven by life events rather than d ...

  beach road realty, eimers group, richard eimers, fannie mae, 3q forecast, modest contraction, mortgage rates, economy, economic signals, recession, economic data, housing market, home sales, monetary policy, homebuilder rate buydowns, economic trends, real estate news, us economy, economic outlook, economic analysis, florida realtors

Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated February 24, 2024

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Vendor Member Number: 28179

This site powered by CINC: www.cincpro.com