Florida Realtors News

A reduction in the state’s business lease tax – from 4.5% to 2.0% – is expected to take effect in June, weeks earlier than originally planned.

Moody's Analytics found an uptick in vacant office space in 4Q 2023 due to shifting work habits, overbuilding and lingering effects of the pandemic, the Wall Street Journal reported. 

FREC adopted a rule to implement a portion of Senate Bill 264 entitled Interests of Foreign Countries. 

The Consumer Financial Protection Bureau (CFPB) advised consumer credit reporting companies against providing false, incomplete and old information.

Property data analytics company ATTOM said foreclosure starts increased from 2022, but completions declined. The company said the increase is a market correction.

Applications for Florida Realtors Board Certified Professional endorsement open Tuesday, Jan. 16, 2024. The endorsement showcases the highest level of professionalism, achievement and ethical standards. Applications close March 31, 2024.

Economists say more than half the increase in prices from November to December reflected higher housing costs, but consumers remain confident in seeing 3% inflation.

Gia Arvin, 2024 president of Florida Realtors, said lawmakers recognize existing challenges but are optimistic and sincerely want to work with Realtors.

Of millennials, 96% say high interest rates have affected their home-buying plans, and 70% say inflation has affected their plans, a recent survey found.

Looking for insights into real estate trends and the outlook for 2024? Find out at Florida Realtors Real Estate Trends on Jan. 19 at the Mid-Winter Biz Meetings.