As the Federal Reserve considers cutting interest rates in September, another important deadline looms for homebuyers and sellers. The National Flood Insurance Program (NFIP), which needs reauthorization by September 30, plays a crucial role in protecting homes from flood damage. If Congress fails to act, the lack of NFIP authorization could affect the ability to
Real Estate
In recent years, top homebuilders such as D.R. Horton and Lennar have shown impressive shareholder returns, outpacing the broader S&P 500 index. However, analysts have recently downgraded the investment outlook for both companies, raising concerns about their future performance. Despite this, some investors remain optimistic about the industry’s prospects for growth and success. Industry observers
The real estate market saw a 1.3% increase in closed sales of previously owned homes in July compared to June. This uptick, however, marked the first gain in five months. Despite the positive momentum, sales were still 2.5% lower than the same time last year. The Northeast experienced the biggest gains in sales, while the