In recent Daytona Beach economic news, it appears home buyers and home sellers are entering the coming spring selling season with a feeling of optimism. Despite interest rates moving slightly upward and home prices continuing to rise, housing sentiment is increasing as well.

As spring rapidly approaches, the Daytona Beach economic update is for housing to cost more for many new prospective home buyers. Higher mortgage rates, rising home prices and slow-to-moderate job and income growth threaten to combine for a less than stellar spring home buying season. The end of 2016 saw home affordability reach its lowest […]

Now that a new President sits in the oval office, the Daytona Beach economic outlook is on the minds of people in the real estate industry as we enter 2017. Let’s look at three component parts of the economy and how they relate to each other – and what to expect in the real estate […]

The Daytona Beach economic outlook will likely become a little bit clearer – or not – now that the presidential election has been decided. And for an election that was largely based on campaign rhetoric regarding the U.S. economy, the nation’s housing concerns have been largely ignored by both candidates. Let’s take a brief look […]

The Daytona Beach economic market has been battling the notion for some time now that the U.S. is headed for another housing bubble. A repeat of the recession and housing crisis from less than a decade ago is unlikely at best. Yet, there are those that have warned of another housing meltdown like the one that occurred […]

The Daytona Beach economy and housing, of course, is a subset of the national economy and housing market. As such, it’s important to keep abreast of recent changes and future trends in the economy – and how they will ultimately affect the overall housing market. Let’s examine five areas of interest in the economy and what we […]

Hardly a day goes by without Daytona Beach's economy being adversely affected by financial fraud. The reported fraudulent activity ranges from hackers being able to access a business’ computer network to various types of identity theft. Despite new chip-enabled credit cards and the general heightened awareness of phishing scams, hackers are becoming much more sophisticated […]

The Daytona Beach economy saw only modest increases in the past year in the cost of food, transportation and clothing. No doubt, with similar numbers nationwide this has helped millions of Americans cope with what can often be dynamic consumer price changes. These and other slight increases have helped many households in the U.S. make […]

The Daytona Beach economy grew only slightly less than expected during the first quarter of 2016. This was due, in part, to a surge in home-building and a slow but steady increase in inventory investment by businesses. The U.S. Commerce Department had projected the gross domestic product (GDP) to grow at a rate of .9%. […]

The Daytona Beach economy has some things in common with other housing markets throughout the country. Despite substantial improvements in home prices in 2015, there are still a large number of borrowers "underwater" on their mortgages. This article will look at the reasons why this dilemma is still true for many homeowners. Daytona Beach Economy […]