Reef Daily | February 13 2025

Mortgage Rates

Current rates as of February 13, 2025:

Future Forecasts

• Volatility expected as markets digest January CPI data showing 0.5% monthly inflation. Analysts warn rates may stabilize near 7% amid Fed caution.

Notable Transactions

Commercial Highlights

• $83M multifamily portfolio sale in North Bay Village, FL.
• 661-unit transit-oriented development breaks ground in Hialeah, FL.
• CBRE arranges $20M sale of Chancellor Square industrial asset in Orlando, FL.

Market Indicators

Inflation Trends

• January CPI surged 0.5% month-over-month (3.0% annual), driven by shelter and energy costs. Core CPI rose 0.4% (3.3% annual).

Government Deficit

• U.S. deficit hit $129B in January, up sharply from $22B in 2024 due to calendar shifts and spending increases.

Regional Developments

South

• Miami leads with high-value multifamily deals and new construction starts.
• Austin, TX rents fell 16% YoY due to oversupply; similar trends in Tampa and Jacksonville.

Sections without new data (e.g., Construction Activity, Inventory Trends) omitted per guidelines.

Sources

1. bankrate.com
2. morningstar.com
3. scotsmanguide.com
4. marketscreener.com
5. communityamerica.com
6. dwassetmgmt.com
7. noradarealestate.com
8. credaily.com
9. getthewreport.com
10. investopedia.com
11. cottonworks.com
12. goelzerinc.com
13. redfin.com
14. globest.com
15. tastylive.com
16. youtube.com
17. northmarq.com
18. marketbeat.com
19. housingwire.com
20. hawkinscre.com
21. eoption.com
22. instagram.com
23. instagram.com
24. instagram.com
25. instagram.com
26. communityamerica.com
27. cbre.com
28. reuters.com
29. reuters.com
30. stephens.com
31. wsj.com
32. reuters.com
33. news.futunn.com
34. jpmorgan.com
35. marketscreener.com
36. finance.yahoo.com

This newsletter is for informational purposes only and should not be considered as financial advice.