Florida Realtors News
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The governor signed a package that includes sales tax holidays and a one-year exemption on residential property and flood insurance premium taxes.
Florida rent growth is below the national average, with many metro areas slowly returning to their historic pricing trends, a real estate economist said.
NAR Chief Economist Lawrence Yun, at the 2024 Realtors® Legislative Meetings, said home sales will rise in eight of the next 10 years.
Consumer credit reporting company Experian found nearly half of all consumers with exceptional credit are baby boomers.
A lawsuit says a state law restricting property ownership by people from China and six other countries is “based on stereotyped and xenophobic generalizations.”
Data from 2023 showed Florida remains a leading spot among domestic and international travelers, with many visitors from the UK, Germany and Mexico.
Economists say mortgage rates will remain elevated through May on stubbornly high inflation. Late-year rate cuts to the mid-6% range remain possible.