The Tallahassee Reports Daily Briefs: Friday, September 20, 2024
LOCAL NEWS
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City Commissioner Jeremy Matlow and his progressive colleagues are once again using the divisive issue of abortion in an attempt to win control of the city commission, even though the city has no jurisdiction over abortion.
LOCAL SPORTS NEWS
This Saturday the 'Noles will be back in action as they take on the California Golden Bears at 7 pm on ESPN2 in Doak Campbell Stadium.
FLORIDA NEWS
Gov. Ron DeSantis on Thursday renewed his call for reforms to Florida's condominium laws in an effort to ease financial pressure on property owners facing rising costs for building inspections and repairs, though he expressed reluctance to convene a special legislative session to address the issue.
Florida's housing market experienced a decline in closed sales across nearly every Metropolitan Statistical Area (MSA) in August , while median home prices remained stable, signaling continued strength in property values despite fewer transactions.
NATIONAL NEWS
The Federal Reserve announced a half-percentage-point cut in benchmark rates, at the higher end of market expectations. The decision marks the central bank's first rate cut since the early days of the COVID-19 pandemic in 2020. See how the Fed works here (w/video).
US existing home sales drop 2.5% month-over-month in August, the slowest pace since October 2023; median home price of $416,700 is up 3.1% from a year ago and is highest median price for any August since records going back to 1999 ( More ).
US stock markets close higher (S&P 500 +1.7%, Dow +1.3%, Nasdaq +2.5%); S&P 500 and Dow rise to fresh records following the Federal Reserve's larger-than-expected rate cut a day before ( More ).
