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Florida Metros Ranked the Best Cities for First-Time Homebuyers

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While housing affordability remains unbalanced nationwide, many Americans remain worried about housing costs. However, a new market study from WalletHub reveals which cities are the best and worst for first-time homebuyers, with multiple Florida metros topping the list with the greatest buying opportunities.

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Rent Price Declines Help to Improve Housing Affordability

The Realtor.com June 2023 Rental Report revealed that experts predict continuing rent declines and moderating inflation will help increase nationwide housing affordability, "providing a much-needed respite for renters and an opportunity to regain some control over their housing expenses," according to Realtor.com Chief Economist Danielle Hale.

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Capitol Hill Examines Volatile Weather Events and Financial Risk

During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”

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Americans Are Still Moving to Risky, Disaster-Prone Areas

Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.

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