At the end of June, mortgage interest rates moved into the fours. Psychologically, the jump has given buyers an itch. Rates have surged since the U.S. Federal Reserve began to slow its purchases of U.S. government bonds on which market rates are based. Those purchases have kept interest rates at record lows. What does this mean if you're buying or selling in the local market?
Lennar CEO Stuart Miller earned almost $13 million last year. That’s more than $4,000 per work hour, easily making the 55-year-old the highest-paid chief executive among South Florida’s largest companies.
Was Miller overpaid? His compensation from the national home builder his father co-founded amounted to 265 times what the Bureau of Labor Statistics said is the average annual pay for someone in the construction business. But by one measure of particular interest to shareholders, Miller’s pay may be seen as about right.
The owners of HurricaneStore.com say their 72-hour emergency preparedness kit is one of the company's bestsellers. The backpack contains several items including a radio/flashlight, toilet paper, ponchos, food, and water.
The Technology Business Incubator on the campus of Florida Atlantic University in Boca Raton currently hosts 22 technology companies in the areas of pharmaceutical development, software development and logistics management.