CEO Report | May 6, 2022

Topping our headlines today is the Federal Reserve’s approval of a half-percentage point increase in interest rates.   While the Fed action is designed to curb record inflation, The Wall Street Journal speculates that borrowing costs for home mortgages, auto loans and business debt could begin to slow economic growth later this year. The average 30-year mortgage…

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Seek the uncomfortable say Fair Housing speakers

Force yourself out of your comfort zone and challenge your perceptions were primary messages in presentations on Thursday, April 21, during Focus on Fair Housing program presented by the Real Estate for All Alliance.  Greater Tampa REALTORS® invited national speakers Marki Lemons-Ryhal and Merrick Damon to the 2nd annual Fair Housing day event.  Damon, author…

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CEO Report | April 8, 2022

This week’s report focuses on the ups and downs, often in extremes that we are currently experiencing. Home prices remain at record highs as a result of ultra tight inventories, but we are seeing significant decreases in mortgage applications as mortgage rates increase. This trend in mortgages is likely to continue if the Federal Reserve…

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CEO Report | March 25, 2022

At a time when many economists are saying the federal rate hikes aren’t coming fast enough to slow down inflation, analysis of the housing market is decidedly mixed. One thing is clear, most expect rising mortgage rates to boost inventories, which remain historically low.   In a notable exception, Ian Shepherdson, chief economist and founder…

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