Rent growth in Florida is ↓, but the market is still challenging for renters. Florida's population continues to grow rapidly, contributing to the high demand for rental housing.
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The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a "higher for longer" policy; benchmark rate above 5% by end of 2024.
AAA stops renewing policies for Florida customers due to challenges and rising rates.
CoreLogic identifies 4 Florida regions at risk of home price drops in the coming year. Factors considered are missed mortgage payments, unemployment, and income growth. Winter Park realtor observes no price decline in certain areas in the real estate market