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What the Fed’s rate cutting plans mean for the housing market

What the Fed’s rate cutting plans mean for the housing market

By Kate Wood | NerdWallet

Last month, the Federal Reserve announced a 50-basis-point cut to the federal funds rate, while projecting a comparable reduction through the rest of the year. (A basis point is one one-hundredth of one percent.) That was roughly what markets had priced in. Mortgage lenders have also already baked that assumption into mortgage interest rates: Since peaking over 7% in spring, rates have fallen more than a full percentage point. If lower mortgage interest rates are finally here, what does that portend for potential home buyers, refinancers and sellers?

Buyers’ wait is over

Generally, when rates fall, buyer demand rises — but that didn’t happen as mortgage rates dropped this summer, according to Chen Zhao, head of economic research at Redfin. She speculates this Federal Reserve announcement will bring more buyers to the market. “They’re waiting to see the Fed take action, not realizing that this gets priced in early.”

According to a recent NerdWallet survey conducted by the Harris Poll, 15% of Americans say they plan to buy a house once rates decrease. If you’re in that 15%, now’s probably a good time to start looking. read more

Legoland Florida building Sea Life aquarium settings, animal lineup

Legoland Florida building Sea Life aquarium settings, animal lineup

Sea Life Florida Aquarium is taking shape in Winter Haven, where it will be part of the Legoland Florida Resort.

Beyond its walls and water, of course, will be the creatures calling the new attraction home. There will be at least 3,000 animals – representing about 150 species – in the exhibit, said curator Sarah McMahon.

“We have a responsibility to always ensure the preservation of species and promote healthy populations. So we get animals from different sources,” McMahon said.

“Some of our animals come from approved suppliers and we’ve vetted through a pretty extensive accreditation process,” she said. “We also receive animals through rescue and rehoming programs. And then we also receive animals through positive-change programs where we can support local communities on sustainable practices.”

Before the Winter Haven attraction opens to the public in spring of 2025, Sea Life will move in its sea life.

“They’re going to come via truck. They’re going to come by plane and specialized containers that will ensure that they’re safe on arrival,” McMahon said. read more

How to Spend A Weekend in Naples: What to Do, Where to Eat and Where to Stay

How to Spend A Weekend in Naples: What to Do, Where to Eat and Where to Stay

Naples, Florida, is the perfect weekend getaway for adults seeking a mix of culture, relaxation, and vibrant nightlife. With its stunning beaches, art scene, and delicious dining options, there’s no shortage of things to do. Here’s a curated itinerary to help you make the most of your weekend in Naples.

Day 1: Arrival and Art Exploration

Morning: Check In at Compass Hotel

Start your weekend by checking into the Compass Hotel by Margaritaville. This fantastic hotel offers a laid-back atmosphere and spacious accommodations that are perfect for adults looking to unwind. With a full kitchen in each suite, you can enjoy the flexibility of making a light breakfast before heading out.

Afternoon: Explore Artis Naples

After settling in, head over to Artis Naples, one of the premier cultural institutions in Southwest Florida. This art center features a fine arts museum, a performing arts theater, and stunning gardens. You can spend a few hours admiring the diverse collection of artwork or catching a live performance if the timing is right.

A weekend in Naples

Evening: Dinner at The French Brasserie Rustique

Once you’ve soaked in the art scene, it’s time for dinner. Just a short drive from Artis Naples is The French Brasserie Rustique, a charming restaurant that offers a delightful blend of classic French cuisine and local flavors. Enjoy dishes like coq au vin or duck confit, paired with a fine selection of wines. The cozy ambiance makes it the perfect spot for a romantic dinner or a night out with friends. read more

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