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Miller Team | Castillo Real Estate Blog

Monday, May 15, 2023   /   by Darcy Miller

The Inflation Fairy Tale

Once upon a time, in a bustling city filled with aspiring homeowners, the topic of inflation and mortgage rates dominated the headlines. People anxiously wondered about the implications of the recent decision made by the Federal Reserve (the Fed). Questions swirled in their minds—how would it affect them, the housing market, and their dreams of owning a home? In search of clarity, they sought to unravel the mysteries behind the headlines. 
The Fed had been toiling diligently to combat the rising inflation, but despite some improvement, the numbers indicated that the inflation rate remained higher than the target of 2%. It was this realization that played a significant role in the Fed's recent choice to increase the Federal Funds Rate. Financial experts, like those at Bankrate, elaborated on this development, stating that the Fed's actions were aimed at taming an economy that had surged after bouncing back from the 2020 recession caused by the devastating impact of the coron. ...

Thursday, May 11, 2023   /   by Darcy Miller

Recession Looming?

In April, consumer prices in the United States experienced another increase, while measures of underlying inflation remained elevated. This indicates that any further decreases in inflation are likely to occur slowly and with challenges. 

According to the government's report on Wednesday, prices rose by 0.4% from March to April, which was higher than the 0.1% increase observed from February to March. On a year-over-year basis, prices rose by 4.9%, slightly lower than the increase seen in March. 

Although the nation's inflation rate has been gradually declining since its peak of 9.1% in June of last year, it still remains significantly above the Federal Reserve's target rate of 2%.

Regarding everyday consumer items, the inflation report on Wednesday presented a mixed picture. Gasoline prices saw a significant jump of 3% in April, whereas grocery prices decreased for the second consecutive month. After nine months of decline, used car prices surged by 4.4%. Rental cost ...

Wednesday, May 10, 2023   /   by Darcy Miller

Optimizing Real Estate Tax Credits

In the realm of real estate investment, the untapped potential of utilizing real estate tax credits to optimize investment returns is a prevailing missed opportunity among rookie investors. This comprehensive guide aims to enlighten investors at all levels about the benefits and strategies for leveraging tax credit programs, ultimately maximizing profitability.
Understanding Real Estate Tax Credits: Real estate tax credits refer to incentives offered by governments and municipalities to encourage investments in specific real estate projects. These credits encompass a wide range of initiatives, including historic preservation, affordable housing, renewable energy, business location incentives, and investment in opportunity zones. Such programs often extend assistance in the form of low-interest mortgages, covering closing costs, or facilitating business relocations for out-of-state investors. Additionally, certain tax credit programs reduce or eliminate taxes for a designated period. ...

Friday, May 5, 2023   /   by Darcy Miller

Is Now a Good Time To Sell?

Reasons To Sell Your House Today

Some Highlights
Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now.
Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move.
If you’re thinking about selling your house, let’s connect to discuss if now may be the time to move. ...
Miller Team | Castillo Real Estate
Paula Miller
6518 Sherry Lane
St. Augustine, FL 32095

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