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Growth | Beach Road Realty Inc Blog

Monday, January 29, 2024   /   by Richard Eimers

Inflation Slowed Further, 'Soft Landing' Closer

By Christopher Rugaber

A soft landing – inflation falling back to the Fed’s target without a recession – could make it easier for the Fed to cut its key interest rates.

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.
Friday’s government report showed that prices rose just 0.2% from November to December, a pace consistent with pre-pandemic levels and barely above the Fed's 2% annual target. Measured from a year earlier, prices increased 2.6%.
Excluding volatile food and energy costs, so-called “core” prices rose just 0.2% from month to month and 2.9% from a year earlier — the smallest such rise since March 2021. Economists consider core prices a better gauge of the likely path of inflation.
The latest ...

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Monday, January 29, 2024   /   by Richard Eimers

Experts Talk Florida's Post-Pandemic Normal

Florida is outperforming U.S. in job and income growth and population migration, two economic experts said.

TAMPA, Fla. – Even as the U.S. economy posted an unexpected strong performance last year, Regions Bank Chief Economist Richard Moody and Chief Investment Officer Alan McKnight expect 2024 economic growth to be slower.
Moody says that the labor and supply side expansion of the 2023 economy raises concerns about how much capacity remains for growth in 2024.
Florida's markets are expected to find a new normal in terms of growth after three years of explosive expansion, which means the outlook is still positive. Moody added that Florida's large metro areas continue to be “some of the hottest markets in the country,” but “once the dust settles, there's still outperformance there.”
Florida is among the states with favorable demographic profiles, including strong business migration, lower costs of living, lower labor costs, strong population inflow ...

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Saturday, January 6, 2024   /   by Richard Eimers

7 Florida Cities Dominated 2023 U.S. Growth

By Amy Connolly
Seven Florida locales dominated the 2023 U-Haul Growth Index, indicating the Sunshine State continues to be a sought-after destination.

Seven Florida locales dominated the 2023 U-Haul Growth Index, indicating the Sunshine State continues to be a sought-after destination.
PHOENIX – Seven regions in Florida lead in the highest number of one-way U-Haul moves in 2023, underscoring the Sunshine State’s continued allure and appeal.
The U-Haul Growth Index found Florida represented 28% of the top 25 growth cities – the seventh consecutive year the state has had the most cities represented on the list.
Palm Bay-Melbourne
Charleston-North Charleston, S.C.
Austin, Texas
College Station-Bryan, Texas
Charlotte, N.C.
Huntsville, Ala.
Myrtle Beach-North Myrtle Beach, S.C.
Kissimmee-St. Cloud
Panama City-Panama City Beach
North Port
Boise, Idaho
Wake Forest, N.C.
Conroe, Texas
Knoxville, Tenn.
Surprise, Ariz.
A ...

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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 ...

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Monday, October 2, 2023   /   by Richard Eimers

Maximizing Home Equity For Wealth Building

Homeownership offers numerous benefits such as stability, predictable payments, and the freedom to personalize your space. Additionally, it can contribute to building wealth over time, with studies showing that homeowners tend to have higher net worth compared to renters.
Understanding Home Equity: Home equity is the difference between your home's current market value and the remaining mortgage balance. For instance, if your home is worth $250,000, and your mortgage balance is $200,000, you have $50,000 in home equity.
Wealth Building with Home Equity: Homeownership builds wealth through "forced savings" – as you make mortgage payments, your loan balance decreases, and your home equity increases. Furthermore, real estate often appreciates over time, providing a potential return on investment.
Growing Home Equity Faster: Two primary methods to expedite equity growth are:
Paying Down Your Mortgage: Make extra payments, yearly lump sums, or consider refinancing to a shorter mort ...

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Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL

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