Lawmakers are reviewing further cuts to the state lease tax, already slated for a reduction from 4.5% to 2% in June. The tax reduction is one of Florida Realtors’ legislative priorities.
Buyers seeking a lower mortgage rate don’t have to just wait for a market adjustment. Instead, they can make changes in their personal finances that could help.
For the first time since Fannie Mae began its national housing survey (in 2010), a larger share of consumers believe mortgage rates will decrease over the next year, rather than increase.
The average long-term rate remains in the mid-6% range, Freddie Mac said. The rate on a 15-year fixed-rate mortgage, popular for home refinances, fell to 5.90% from 5.94% last week.
The new regulation would require real estate professionals to report all-cash residential purchases to combat money laundering. A final decision isn’t expected for months.
The Federal Emergency Management Agency (FEMA) is urging Florida homeowners to protect themselves from strong storms, even though hurricane season starts June 1.
Thirteen Realtors from across the state will enhance their leadership skills and learn more about Florida Realtors through a number of activities and sessions.