Florida Continues to Gain Million-Dollar Earners

The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.

Families Spending 38% of Income on Mortgage

NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.

Tracking Your Taxes

The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February.

Housing Starts Retreat on Elevated Rates

Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.