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Florida lawmakers begin a special session today to consider Gov. Ron DeSantis' proposal to expand the homestead exemption and establish a path toward eliminating property taxes on primary residences. If approved by lawmakers, the constitutional amendment would go before voters for consideration.
Tax planning is often treated as an annual, or quarterly, task tied to filing deadlines, but financial experts say it can have a much larger influence on long-term wealth building if itโs approached as an ongoing financial strategy rather than a last-minute exercise.
A proposed federal rule could reshape how independent contractors are classified under labor law, a change real estate leaders say would provide more clarity and consistency for brokers and agents.
The average 30-year fixed rate rose to 6.53% this week from 6.51%, while the 15-year fixed rate increased to 5.66% from 5.65%, according to Freddie Mac. Rising borrowing costs continue putting pressure on affordability and monthly payment calculations for buyers heading into summer.
A strong digital presentation will help sellers attract more attention before buyers decide whether to schedule an in-person showing.
Several Florida office markets are outperforming broader national trends, according to a new CommercialCafe report. Miami posted the nationโs lowest vacancy rate among major office markets at 12.5%, while Tampa remained below the national average and Orlando stood out for comparatively affordable office rents.
Whether an HOA can regulate street parking often depends on who owns the road. Associations generally have more authority on private streets than public roads.
In a strong sellerโs market, addenda W and X can help sellers accept a top offer while protecting their next option if the deal falls through.
A nationwide overhaul of appraisal reporting is underway, bringing more detailed property data and standardized reporting requirements.
When Realtors prepare a value or price opinion, other than in pursuit of a listing or to assist a potential buyer in formulating a purchase offer, the opinion must include any present or contemplated interest, including the possibility of representing the seller or buyers.
Buyers interested in lifestyle-focused, master-planned communities continue to show strong interest in relocation markets, particularly in warm-weather states. They're financially secure, expect to pay cash for their next home and are more deliberately researching their choices.
Consumers grew more cautious about spending in May as inflation remained elevated, but interest in existing-home purchases held up better than broader consumer sentiment.
A new survey found many Americans misunderstand what standard homeowners and auto insurance policies actually cover, including flood damage, rebuilding costs and common exclusions. For Realtors, the findings underscore why insurance literacy should be part of affordability and homeownership conversations early in the buying process.
Florida House and Senate leaders reached a final agreement on a nearly $115 billion state budget late Sunday, clearing the way for lawmakers to hold a final vote Friday after an extended special session. The plan includes funding for Florida Realtors legislative priorities โ Hometown Heroes, SHIP and SAIL affordable housing programs.
