Category: Florida
Florida’s homestead exemption bill would lower property taxes: What to know – NBC Miami
Homeowners in Florida may see their property taxes go down after the Republican-led state legislature passed a bill that was signed by the governor Friday. House Bill 7019 now must be approved by voters in the form of constitutional Amendment 5, which will appear on November’s ballot. In Florida now, homeowners are permitted to reduce by $50,000 the assessed value of their home, which in turn reduces the property tax burden. For example, the owner of a $300,000 home would pay taxes on $250,000. John White, a homeowner with a…
Read MoreFlorida HB 7019: What to know about new homestead exemption bill – NBC Miami
Homeowners in Florida may see their property taxes go down after the Republican-led state legislature passed a bill that was signed by the governor Friday. House Bill 7019 now must be approved by voters in the form of constitutional Amendment 5, which will appear on November’s ballot. In Florida now, homeowners are permitted to reduce by $50,000 the assessed value of their home, which in turn reduces the property tax burden. For example, the owner of a $300,000 home would pay taxes on $250,000. John White, a homeowner with a…
Read MoreMiami-Dade Homeowners See Property Values Double in 15 Years – Cuba Headlines
Homeowners in Miami-Dade, Florida, have witnessed their property values double in just 15 years, according to statistics reviewed by Miami Realtors. The president of the MIAMI Board, Gus Fonte, recently noted that the real estate market in the Sunshine City “always defies the norm.” He argued that while other real estate markets in the United States are experiencing declines in prices and sales, “the value of homes in Miami has increased at twice the national rate over the past 15 years.” Several factors contribute to this remarkable trend. Firstly, the…
Read MoreFlorida Housing Market Flips: Inventory Soars as Buyers Hit the Brakes – Norada Real Estate Investments
The Florida housing market, once a scene of breakneck price appreciation and bidding wars, is undergoing a dramatic transformation. This shift presents a unique set of challenges for both current residents seeking to sell and aspiring homeowners eager to establish roots in the Sunshine State. Experts are calling it a “double whammy,” characterized by two key trends: a surge in available properties and a simultaneous dampening of buyer enthusiasm. Inventory Glut: A Sign of Cooling Demand Recent data paints a clear picture: Florida cities are witnessing a significant uptick in…
Read MoreFlorida Housing Market ‘Getting Crazy’ as Inventory Triples – Newsweek
The jump in listings of homes for sale in Florida points to a market that is about to experience price declines and sellers entering the market, a real estate analyst pointed out on Tuesday. Read more: Compare the Lowest Rates From Top Mortgage Lenders Nick Gerli, CEO and Founder of real estate analytics firm Reventure Consulting, pointed out in a series of posts on X, formerly Twitter, that housing prices in the Sunshine State could be on the way down. “This housing market downturn in Florida is getting crazy,” Gerli…
Read MoreAbbey Busch Joins The Starboard Group, Bringing Legacy of Excellence to South Florida Real Estate – AccessWire
Introducing Abbey Busch: The Scion of the Revered Busch Family Dynasty joins the Powerhouse South Florida Real Estate Brokerage Team- The Starboard Group DELRAY BEACH, FL / ACCESSWIRE / June 18, 2024 / The Starboard Group, South Florida’s premier real estate powerhouse, proudly announces the latest addition to its esteemed brokerage team, Abbey Busch. As the scion of the revered Busch Family Dynasty, Abbey brings with her a legacy of excellence and a vision for reshaping the region’s real estate landscape. The Starboard Group Coldwell Banker-The Starboard Group The Busch…
Read MoreFlorida Homes Empty as Housing Market Tumbles in Some Cities – Newsweek
Florida’s Cape Coral-Fort Myers metropolitan area has the highest share of rental homes sitting vacant in the entire country, according to recent research from Construction Coverage. Read more: Avoid the Hassle of Rental Properties With These Top Real Estate ETFs The report, which analyzed data from the U.S. Census Bureau, found that an average 15.3 percent of rental homes in Cape Coral-Fort Myers were vacant in 2023, up from 8 percent the year before. The median monthly rent in the metro area had also risen from $1,708 in 2022 to…
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