Pompano Beach, Fla. – – September 19, 2026 -- The Federal Reserve raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00%, its first increase since 2023, defying President Trump's calls for lower rates.
Fed policymakers unanimously approve rate hike, signal more to come
The move came in response to inflation that picked up again last month. Fed officials also hinted at an additional rate increase before year-end.
Baby boomers control 42% of home purchases and 55% of home sales
Buyers aged 61 to 79 now represent the largest single demographic in both buying and selling activity nationwide. Because many boomers hold large or full equity in their current homes, they frequently pay cash for new purchases.
Foreign buyers cut US home purchases to second-lowest level since 2009
According to the National Association of Realtors, international buyers purchased 67,100 existing US residences worth $45.3 billion between April 2025 and March 2026. The median purchase price fell 19.1% to $465,000, extending a decline that began in 2017.
Cipriani penthouses in Brickell tower list for nearly $53 million combined
The 950-foot Cipriani Residences tower, the tallest residential structure south of Manhattan, is nearing completion with a two-unit penthouse collection. The larger unit is listed at $33 million and the companion unit at $19.8 million.
Florida posts 11th straight month of year-over-year home sales gains
Single-family home sales rose more than 5% in July while condo sales climbed 11%, even without improved mortgage rates. Housing inventory across the state is tightening as buyer demand increases.
Florida million-dollar home sales jump over 27% in July
Condo and townhome sales priced at $1 million or more increased more than 31% from a year earlier, while single-family homes above $1 million rose over 27%. Sales in the $500,000-to-$1-million condo segment increased 24% year-over-year.
GOP lawmaker introduces bill to make mortgages portable across properties
Congressman Tom Kean, Jr. of New Jersey introduced the Making Ownership Viable for Everyone (MOVE) Act, which would let homeowners transfer their existing mortgage rate, term and balance to a new property. The legislation would require Fannie Mae and Freddie Mac to purchase portable mortgages from lenders.
Scarsdale, New York ranks as wealthiest US suburb with $612,591 average income
Based on 2024 American Community Survey data, Scarsdale topped the list of wealthiest US suburbs. West University Place, near Houston, ranked second with an average household income of $439,594. Eight of the ten wealthiest suburbs are located in California, New York and Texas.