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A Narrative of The Housing Economy

Florida Gulf Coast Housing Was Rocked Like A Hurricane

• FEMA Enables Home Construction In High-Risk Areas By Pricing Out The Private Insurance Sector
• Sales And Prices Generally Normalize One Year After The Catastrophic Event
• More Affluent Consumers Enter The Impacted Housing Market

Yes, Flipping Remains A Thing

• One Of Thirteen Sales, Or 7.5% Of All Sales, Is A Flip
• A Flip Is Defined As A Single Family Or Condo That Resells In One Year
• Flips Provide A Necessary Service To Maintain The Existing Housing Stock

Rate Expectations Go Big To Go Home

• The Fed Gives Housing Sales A Lift With Unexpected 50-Basis Point Cut
• The Fed’s First Rate Cut In Four Years Expected To Pull Mortgage Rates Lower
• Its A New Era With Six More Rate Cuts In The Forecast Through 2025