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Georgia Housing Prices Continue to Retreat, but No Relief for Renters Yet
The peak of Georgia's red-hot housing market appears to now be a distant memory. Prices statewide have now fallen for the seventh straight month, according to real estate data provided by Redfin, with the median home statewide now selling for $336,000 compared to $373,000 back at the market's peak in June of 2022. While that information isn't exactly welcome news for those who bought at the top of the market or for individuals who make a living in the real estate business, it does represent the first positive signs seen in several years for prospective buyers.
Texas Housing Prices Continue to Retreat With These Areas Leading the Decline
Texas residents looking to buy a home may finally get some relief, if current pricing trends are to continue, that is. Following a significant surge, real estate prices have begun a sharp tack downward toward pre-pandemic levels in nearly every metro in the state. For those in the real estate business, the pricing correction may also allow more buyers to enter the market than the previous year did.
Despite Continuous Florida Construction, Renters on a Budget Have Few Options
The Hamilton Apartments in Miami keep adding new towers. The second and third towers for the resort were approved in 2022, and the complex offers a close location to many of Miami's corporate offices, restaurants, and other amenities. The apartments are smoke-free and offer on-site fitness centers, lounges, and a putting green. It'll just cost you $4,000 a month to live there.
As Winter Storms Ravage California, Governor Newsom Declares State of Emergency
California residents who are still recovering from the recent slate of winter weather might soon see some additional assistance. On Wednesday, Governor Newsom officially declared a state of emergency in 13 of California's counties, citing the unusually inclement weather and damage wrought to several areas unaccustomed to such storms.
Governor Hobbs Vetoes Housing Bill as Renters Feel the Pressure
A recent bill passed by the Senate is being returned to the legislature following Governor Katie Hobbs' veto of the measure. The bill SB1184, which had previously passed both chambers of the legislature, would have made some changes to taxes on landlords and, in theory, passed some of those gains along to tenants and renters throughout the state - at least according to the bill's proponents. Governor Hobbs took a different view, which was evident in her press release following the veto. Said Hobbs:
Governor DeSantis Announces Appointees for New Board Overseeing Disney
Disney's Boardwalk ResortPhoto byMatt PopovichonUnsplash. Disney's largely-autonomous reign is set to conclude with the passage of House Bill 9-B, which does away with the "Reedy Creek Improvement District" that had long managed the revenues and land use of the areas surrounding the popular theme parks. Instead, according to the bill, a governor-appointed board of five members will regulate and manage the area.
Florida Democratic Party's Struggles Continue as Voter Registration Drops
It has not been a particularly great couple of years for Florida's Democratic Party. The FDP has seen their candidate for governor lose by the widest margin in twenty years while the opponent - Ron DeSantis - carried the traditional democratic stronghold Miami-Dade. Senate candidate Val Demmings didn't fare much better, and the party chair resigned following the latest election cycle.
These Major Companies Are Bringing Business to Alabama
The Alabama economy keeps getting good news, even if the national picture isn't as sunny. With the state experiencing record-low unemployment - at 2.8%, to be exact - and a large budget surplus, it seems that the state has gotten its economic situation secured for at least the near future.
These Two Fields Continue to Bring Jobs and Revenue to Georgia
Georgia's been enjoying a successful few years, at least financially. The state has had record-setting budget surpluses in both of the past two years, surpluses that have resulted in some rebates and refunds to state taxpayers. The state's workforce participation rate has largely recovered from COVID, though the trend is currently a negative one. Unemployment hovers near historic lows at 3.0%.
Upcoming Supreme Court Decision Could Change the Way Technology Firms Do Business
The way that social media companies and technology firms conduct themselves and the manner in which they provide content to their users may soon be forced to change. A decision from the Supreme Court in the case of Gonzalez v. Google LLC will be most of the most anticipated decisions of this court term, and the legal matter being debated in that case strikes at the very core of the business model for many technology firms.
As Florida Housing Prices Surge, Developers and Residents Turn to This Unusual Alternative
The Super 8 Hotel in Naples was never one of the area's more luxurious establishments. Reviews (from when the property was still open to guests) mentioned mold in rooms, a mildewy odor, and poor service. Not exactly the ideal vacation getaway. But now, people are clamoring to get in.
Texas to Spend $100 Billion in Joint Venture on This Latest Project
Commuter pathway into and out of Dallas.Photo byBraden EglionUnsplash. On Friday, Governor Abbott and the Texas Department of Transportation unveiled a new infrastructure project that'll entail $100 billion in new spending over the next ten years. The project is designed to update roadways, interstates, and create new travel routes to relieve pressure from some of the state's more congested commuter pathways.
Florida Democrats Choose a Familiar Name as New Leader
The Democratic Party has not had the greatest run lately in the Sunshine State. After losing back-to-back presidential contests in 2016 and 2020, the party fared even worse in 2022, when Governor DeSantis won his reelection campaign by the largest margin seen in the state in twenty years. The party also gave up an additional four seats in the U.S. House of Representatives, with Republicans now holding a 20-8 majority in such contests.
New Jersey's Financial Struggles Continue as Citizens Leave the State
View from Jersey City, NJ.Photo byJoey PedrasonUnsplash. The State of New Jersey has not had a great time of it in the 21st Century. At one point in history, the state was an economic powerhouse complete with strong manufacturing, transportation, and financial sectors driven by a growing population and the nearby cities of Philadelphia and New York. While the state's geographical advantages remain, its economic strength is no longer.
This Colorado County Is the State's Wealthiest - and Set to Grow Fast
Colorado, as a state, has been attracting residents from all over the country in recent years. The state is one of the nation's fastest-growing - #6, to be exact - and has seen median household incomes soar from $58,000 ten years ago to just under $85,000 most recently. The economy of the state has been strong both in metropolitan areas and overall, leading to a budget surplus and tax rebates as required by current state legislation. In short, it's been a good time for Colorado residents.
Florida to Prevent Gender Studies and CRT Programs With New Legislation Taking Aim at Colleges and Universities.
A college student.Photo byCharles DeloyeonUnsplash. Colleges and Universities in Florida may soon see their teaching programs come under increased scrutiny. The Florida House on Tuesday filed a new bill - HB 999 - which takes aim at the curriculums of public colleges and universities in the state.
January Inflation Comes in Higher Than Expected, Pointing to More Consumer Troubles
Those hoping for a reprieve from the financial pressures of inflation are going to be waiting at least a little longer. January's inflation report - released on Feb. 24th - did not give consumers or market analysts much in the way of good news.
Governor DeSantis Proposes Legislation to Respond to Immigration Troubles, Takes Jab at Biden Policies
Governor DeSantis of Florida announced a full slate of legislative changes in the state in an attempt to prevent illegal immigration into the state and country, according to a press release issued by the Governor's Office this week. In the release, DeSantis details a series of measures specifically targeting the topic of immigration. DeSantis, widely considered a potential 2024 presidential candidate, also took the opportunity to draw contrasts between himself and potential opponent President Biden.
These Are Florida's Youngest - And Oldest - Areas
Florida golf course.Photo byBrandon WilliamsonUnsplash. Florida is a very diverse state in nearly every sense of the word. Whether it be economically, geographically, demographically, or politically, Florida can differ dramatically from one community to the next. Perhaps nowhere is that more evident than in looking at the age profiles of many of the state's most popular regions.
Trump Campaign Releases New Plan for Curtailing Crime
Donald Trump's already-ongoing campaign for President in 2024 has revealed a new plan for policing, crime prevention, and safety, according to the campaign's press releases. In a video released this week, former president Trump detailed his proposed plans for national crime and safety measures while also taking a few jabs at his well-known Democrat rivals.
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Financial field by trade. I sort through all the public records so that you don't have to. Keeping up to date on events both local and national in scale.
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