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Federal rate cuts expected to impact local housing market in the long run

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www.youtube.com – ABC Action News – 2024-09-23 14:11:44

SUMMARY: Last week, the Federal Reserve cut interest rates for the first time in four years, stirring discussions about its effects on the local housing market. Experts clarify that the Fed’s 50 basis point cut doesn’t directly lower mortgage rates, which are trending down, with current rates in the fives, improving buyer power. More buyers may enter the market, potentially increasing competition and home prices. Refinancing could save some homeowners money, though it isn’t for everyone. Economically, this shift can stimulate Florida’s housing market and encourage business growth. Experts recommend consulting financial professionals to explore potential savings.

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Last week, the Federal Reserve cut interest rates for the first time in four years. We’re digging into how this will impact the local housing market as part of our “Price of Paradise” series. We spoke to several experts working to clear up confusion and misconceptions about the recent rate cut. “Everyone thinks when the fed cuts interest rates, then mortgage rates go down. Unfortunately, that’s not the case,” Jon Howard with Howard Team Loans said.

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2 of 6 charged in shooting death of 7-year-old Breon Allen expected to plead not guilty on Thursday

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www.news4jax.com – Francine Frazier – 2025-04-03 05:30:00

SUMMARY: In Jacksonville, two of the six individuals charged in the shooting death of 7-year-old Breon Allen Jr. are expected to plead not guilty in court. Keith Johnson, 21, and Dannel Larkins, 20, are among those charged alongside four others, including two 17-year-olds. Sheriff T.K. Waters described the shooting as a gang-related, planned act of violence linked to a feud between rival gangs, including ATK and 6 block. The shooting also injured Breon’s cousin, Lafayette Mango Jr., 21. Authorities are working to ensure the suspects are held accountable for their actions.

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Journalists in Haiti defy bullets and censorship to cover unprecedented violence

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www.clickorlando.com – Pierre-Richard Luxama, Dánica Coto And Evens Sanon, Associated Press – 2025-04-02 23:27:00

SUMMARY: Journalist Jean-Jacques Asperges and his family have been displaced by gang violence in Haiti, now living in overcrowded shelters. Gang control over 85% of Port-au-Prince has led to increased attacks on journalists, exemplified by a deadly Christmas Eve incident where two journalists were killed. Armed groups have threatened reporters, contributing to a climate of fear, while public trust in media has eroded. Despite warnings from organizations to avoid covering armed groups, many journalists continue their work, often at great personal risk. Haiti ranks as the most dangerous country for journalist murders to go unpunished, exacerbating the ongoing crisis in press freedom.

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Miami businesses prepare to absorb costs amid new tariffs

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www.youtube.com – CBS Miami – 2025-04-02 22:14:35

SUMMARY: Miami businesses are preparing for cost increases due to new tariffs announced by President Trump, which include a baseline 10% tax on imports. Local business owners, such as Aisa Daga from Holyland Flowers and Herby Lopez from Toyota of Hollywood, are bracing themselves for price hikes on goods and vehicles. Daga aims to ensure her customers don’t feel the financial impact of rising costs. Meanwhile, Lopez’s dealership plans to absorb some of the tariff costs and anticipates increased demand for used cars if new car prices rise. Both are optimistic about navigating these challenges while supporting Trump’s trade strategy.

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A Miami business owner and a Toyota dealership manager are preparing for price hikes due to new tariffs from President Trump. Both plan to absorb some costs to keep prices stable for customers.

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