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What Happens To The Housing Market During a Recession?

There’s a lot of talk about an approaching recession nowadays, with economic experts flouting odds of over 50% in favor of an economic downturn. Several economic indicators, coupled with rising gas prices and interest rates, paint a bleak picture for 2023. Yet, the job market is holding firm, as is the real estate sector. Strong employment and…

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There’s a New Caribbean Villa Rental Power  

  There’s a new villa rental power in the Caribbean.  The Caribbean’s premier villa rental companies have merged their teams, following last year’s sale of both WIMCO Villas and St Barth Properties to Nocturne Luxury Villas.  The newly-rebranded company is now called WIMCO St Barth Properties, effective Oct. 1.  It creates “an exceptional villa rental…

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What Happens To Interest Rates During a Recession?

If you’re like most homeowners, you’re probably keeping a close eye on interest rates. This is especially true if you had hoped to refinance your mortgage or any other type of loan you currently have. After all, they’ve gone up over 1.75% in just a few months this year. With the economy in recession, you may be…

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American Airlines, Bahamasair Adding New Grand Bahama Flights

  The island of Grand Bahama is set for a serious tourism boost next month, with the debut of a pair of new nonstop routes.  On Nov. 5, American Airlines will be flying nonstop from Charlotte, North Carolina to Freeport, Grand Bahama.  And on Nov. 17, Bahamian national flag carrier Bahamasair will kick off a…

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This Top Barbados Adults-Only Resort Is Open Again 

  One of the top adults-only resorts in Barbados has officially reopened, Caribbean Journal has confirmed.  The Club, Barbados, Elite Island Resorts’ signature all-inclusive on the island, began welcoming back guests this week.  “The Club Barbados is now open,” the resort’s team told Caribbean Journal in a statement.  It’s a big boost for the island’s…

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