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Yahoo
17-06-2025
- Business
- Yahoo
More Than One-Third of Americans Have Canceled or Delayed Big Purchases in 2025: Here's Why and What It Could Mean for the Economy
The U.S. economy has been a mixed bag so far in 2025, with stock market volatility and tariff anxiety largely overshadowing positive employment and inflation data. One central theme is that uncertainty has made many consumers wary of spending money on big-ticket items like homes and cars. Learn More: Read Next: More than one-third (35%) of Americans have delayed or canceled plans for a big purchase this year, according to a new survey of 1,000 U.S. adults from Guardian Service, a Raleigh, North Carolina-based insurance agency. Nearly one-quarter (22%) said they would delay or cancel buying a home. Another 8% said a car, while 5% said both. More than half of respondents (63%) cited economic uncertainty as the main reason. Many also cited high interest rates (57%) and high prices (55%). If these trends continue, they'll likely have a negative impact on the overall economy, experts say. GOBankingRates explore these financial trends more and break down that that means for the economic landscape. 'Across the country, Americans are second-guessing big purchases, dialing back on long-term dreams and even downgrading essential protections like insurance,' Guardian Service noted in a Jun. 3 report. 'The rising cost of living and fears of a looming recession are making many feel like they're walking a financial tightrope.' That tightrope is partly the product of President Donald Trump's tariff plans, which have roiled the stock markets and led to fears of trade wars and inflation. Trump has dialed back or delayed his tariff plans on several occasions, temporarily calming the nerves of both investors and economists. Consider This: But there's still a lot of uncertainty surrounding tariffs. Until the picture is clearer, many Americans have reined in their spending plans. An April report from Real Estate News noted that economic uncertainty and rising mortgage rates have caused many potential homebuyers to put on the brakes. 'A lot of buyers, especially first-timers, are backing off because they're nervous about a potential recession,' Redfin Premier agent Venus Martinez said a weekly report. In the Guardian Service survey, 12% of respondents said they've downsized their idea of a 'dream home.' Younger Americans have also raised the ages at which they expect to afford their first home. Meanwhile, a recent report from S&P Global indicated that May might be the last month of the year when auto sales increase on a yearly and monthly basis. 'Given the swirling tariff, consumer and auto inventory conditions, the expected May 2025 auto sales result will likely be the last period this year to post positive growth in year-ago and month-prior comparisons,' said Chris Hopson, principal analyst at S&P Global Mobility. 'Shifting tariff policies have automakers scrambling to produce vehicles while they can, but uncertainty abounds in the immediate term, and upcoming monthly sales levels are expected to decelerate further.' A slowdown in home and auto sales would have a negative impact on the U.S. economy simply because consumer spending plays such a big role in economic growth. 'Consumer resilience helps keep the economy on track,' U.S. Bank noted in a May 28 report, adding that during the 2025 first quarter, Personal Consumption Expenditures accounted for more than two-thirds of the nation's gross domestic product. How current U.S. policy and economic trends will play out is uncertain, but Americans can lean on sound financial advice and robust money habits to protect their wallet in the mean time. More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on More Than One-Third of Americans Have Canceled or Delayed Big Purchases in 2025: Here's Why and What It Could Mean for the Economy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
16-06-2025
- Business
- Miami Herald
How are we dealing with housing issues in Miami? Take a look
Real Estate News How are we dealing with housing issues in Miami? Take a look This collection of stories highlights various ways communities and people in South Florida are addressing housing challenges. In one story, Miamians confront rent burdens, with many residents spending a significant portion of their income on housing, exacerbated by high inflation rates. Another story features a Miami developer's innovative approach, transforming luxury living by launching Crescent Seas, a condo cruise line offering high seas residences. Elsewhere, a Bay Harbor condo board demonstrates foresight, successfully navigating Florida's new regulatory environment while keeping costs manageable. Meanwhile, polling reveals that a growing number of Americans, particularly non-homeowners, feel homeownership remains out of reach economically. Read the stories below. Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski NO. 1: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver Manager Heri Kletzenbuer, left, and board president Andre Williams stand outside the Golden Key Condominiums in Bay Harbor Islands. The managers of the modest 1960s condo have maintained affordability for owners while extensively refurbishing the building and successfully navigating recertification and stringent new post-Surfside state regulations. By Pedro Portal NO. 2: HOW A SMALL BAY HARBOR CONDO MET FLORIDA'S TOUGH RULES. AND KEPT COSTS DOWN DOING IT 'We wanted to get ahead of the curve , but we didn't want to financially cripple anyone.' | Published April 30, 2025 | Read Full Story by Andres Viglucci Rendering of Navigator when it's ready at end of 2026 NO. 3: CONDOS ON A CRUISE SHIP? WHY A MIAMI DEVELOPER IS PLANNING LUXURY HOMES AT SEA Take a look at what's being planned. | Published April 23, 2025 | Read Full Story by Vinod Sreeharsha Jane Woolridge More than two-thirds of non-homeowners, 68%, are priced out of the housing market, according to a new Gallup poll. And a record-high 45% say they likely won't buy a home in the foreseeable future. NO. 4: WILL YOU BUY A HOME? RECORD SHARE OF NON-OWNERS SAY NOT FOR A WHILE, POLL FINDS And a record-low share said they plan on buying in the next five to 10 years. | Published May 9, 2025 | Read Full Story by Brendan Rascius The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Yahoo
09-06-2025
- Business
- Yahoo
California Regional MLS Offers Complementary Real Estate News Subscriptions to All Users
The digital publication is included as part of CRMLS's core product offerings CHINO HILLS, Calif., June 9, 2025 /PRNewswire/ -- California Regional MLS (CRMLS), the most recognized multiple listing service in the nation, will now offer its users digital subscriptions to Real Estate News, the impartial and solutions-oriented industry news source. This new service was announced today at Thrive Broker Summit. As industry news develops rapidly, it's more important than ever to cut through the noise and spin to understand what's really happening in real estate. Real Estate News has a proven track record of offering insightful journalism, and CRMLS users now have access to valuable information to help them navigate their business and assist clients. "Quality reporting is invaluable to agents and brokers who have to keep ahead of an always-shifting market," said CRMLS CEO Art Carter. "Real Estate News is diligent and perceptive when it comes to laying out the who, what, and why of our industry, so offering that great content to our users cost-free feels like a great step towards more informed professionals." "We're excited that CRMLS is giving its members free access to Real Estate News," said Mitch Robinson, President of Real Estate News. "It's a great way to make sure more real estate professionals stay informed with trusted, timely reporting on the topics that matter most." CRMLS users can claim their subscriptions through their REcore dashboard. About California Regional Multiple Listing Service (CRMLS) California Regional MLS is the nation's most recognized subscriber-based MLS, dedicated to servicing more than 100,000 real estate professionals from dozens of Associations, Boards, and MLS organizations. CRMLS is the industry powerhouse and thrives on providing the most relevant products and services to its subscribers. For more information on CRMLS, visit About Real Estate News The vision for Real Estate News is simple: To be the impartial and solutions-oriented news source for you, the residential real estate community. This means empowering agents, brokers, executives and other leaders with the information you need to keep moving forward in your business and career. It also means presenting news in the right context so you can digest it quickly and meaningfully. will strive to deliver stories that are authentic, journalistically sound and worth your time. Media contact: Art Carter, art@ View original content to download multimedia: SOURCE California Regional MLS Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
19-05-2025
- Business
- Miami Herald
Why are we miserable in Miami? We pay high rent and our homes can be hot
Real Estate News Why are we miserable in Miami? We pay high rent and our homes can be hot Miami residents struggle as rising rents make it the most cost-burdened metro area in the U.S., with many people spending half their income on housing. New laws and strict mortgage requirements, like Fannie Mae's growing condo blacklist, have made it harder to buy, sell, or repair homes, leaving both renters and owners with few good options. Extreme heat only adds to the hardship, with some families unable to afford to run or fix their air conditioning even as temperatures inside their homes exceed those outdoors. Families often cut food, medicine, or car repairs just to cover rent or rising energy bills. Take a look at what can make housing a challenge in South Florida. Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski NO. 1: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver Recently installed air-conditioning units at 2840-2842 NW 10th Avenue in Miami, Florida. Federal housing doesn't require air-conditioning, but Miami-Dade County is funding new A/C units for hundreds of public housing apartments. By Jose A. Iglesias NO. 2: ON SWELTERING MIAMI SUMMER DAYS, IT CAN BE HOTTER INSIDE HOMES THAN OUT, STUDY FINDS 'Everyone in Miami has AC. The question is does it work and can you afford to use it?' | Published March 21, 2025 | Read Full Story by Alex Harris Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 3: 'PERFECT STORM.' HUNDREDS OF SOUTH FLORIDA CONDOS NOW ON SECRET MORTGAGE BLACKLIST The number of Miami-Dade, Broward and Palm Beach condos on the list has more than doubled in just two years. | Published April 4, 2025 | Read Full Story by Andres Viglucci The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
13-05-2025
- Business
- Miami Herald
See these five housing makeovers in South Florida
Real Estate News See these five housing makeovers in South Florida South Florida's housing landscape is rapidly evolving, with several ambitious makeovers aiming to address affordability and urban growth. In Miami's Health District, plans for two new residential towers will prioritize affordable and workforce housing for healthcare employees, helping ease the burden of living near vital jobs. Hollywood's downtown sees a mix of luxury projects like Soleste Hollywood Blvd and the redevelopment of the Hollywood Bread Building, while efforts like University Station try to bridge the residential income gap. Fort Lauderdale's The Era targets local workers, offering upscale amenities at lower rents thanks to city-county partnerships and incentives. In Miami's Little River-Little Haiti, an enlarged $3 billion redevelopment promises thousands of affordable and workforce condos and rental units, improved infrastructure, and careful relocation plans for current residents, reshaping the neighborhood with jobs and transit access. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham View from Red Road side of the 25 year old Shops at Sunset Place in South Miami on Sept. 11, 2024. By Pedro Portal NO. 2: SUNSET PLACE MALL WILL BE DEMOLISHED AND REPLACED. TAKE A LOOK AT WHAT'S COMING NEXT Work on the site is expected to begin in 2026. | Published October 29, 2024 | Read Full Story by Rebecca San Juan An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan Renderings from the Swerdlow Group show a Main Street-style commercial and residential district and the entrance to a new Tri-Rail commuter station that would be built under a massive proposal that aims to transform a broad swath of Miami's Little River-Little Haiti neighborhood. NO. 4: NOW WITH MORE AFFORDABLE HOUSING, MASSIVE MAKEOVER PLAN FOR LITTLE RIVER WINS APPROVAL 'Everyone for 20 blocks in every direction is going to gain a lot from this. It's going to be very good for everybody,' the developer says. | Published March 28, 2025 | Read Full Story by Andres Viglucci The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing. NO. 5: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
