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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.
CAPE CANAVERAL, Fla. – Florida is once again giving back some of the tax money it collects to residents.
As usual, the annual "sales tax holidays" are going into effect — periods during which sales tax isn't levied on certain types of spending.
New this year: A one-year elimination of the tax on residential property and flood insurance premiums.
House Bill 7073, signed into law Tuesday by Gov. Ron DeSantis, had support from Democrats and Republicans. No one in the state Senate or the state House of Representatives voted against it.
The total of the tax relief is $1....
Budge Huskey, the president and CEO of Premier Sotheby's International Realty, has issued an eight-point statement that challenges assumptions raised the mainstream media about the $418 million settlement announced by the National Association of Realtors (NAR).
"Since the settlement announcement, there have been numerous articles and stories in the media on what this means for buyers and sellers," said Huskey in a statement issued by his company. "Regrettably, most reflect a profound lack of understanding of the real estate business as well as mistaken claims."
The eight assumptions answered by Huskey are as follows (in a verbatim presentation):
1) The settlement forces real estate brokers to reduce their compensation.
False
The settlement in no way establishes any standard or limitation on realtors for what they may charge, nor the services they...
Despite predictions housing prices would come down, values keep rising in 2024. The reason? The tight inventory.
WASHINGTON – Much to the chagrin of would-be homebuyers, property prices just keep rising. It seems nothing — not even the highest mortgage rates in nearly 23 years — can stop the continued climb of home prices.
Prices increased once again in December, according to the National Association of Realtors (NAR), which reports that median existing-home prices were up 4.4% over last year — the sixth month in a row of year-over-year jumps. In...
Freddie Mac's chief economist said rates will continue to go down as inflation decelerates. Mortgage rates are at the lowest level since May.
LOS ANGELES — The average long-term U.S. mortgage rate eased this week, welcome news for prospective homebuyers as the spring homebuying season approaches.
The average rate on a 30-year mortgage fell to 6.63% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.09%.
Borrowing costs on 15...
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