News

Florida lawmakers begin a special session today to consider Gov. Ron DeSantis' proposal to expand the homestead exemption and establish a path toward eliminating property taxes on primary residences. If approved by lawmakers, the constitutional amendment would go before voters for consideration.

Tax planning is often treated as an annual, or quarterly, task tied to filing deadlines, but financial experts say it can have a much larger influence on long-term wealth building if it’s approached as an ongoing financial strategy rather than a last-minute exercise.

A proposed federal rule could reshape how independent contractors are classified under labor law, a change real estate leaders say would provide more clarity and consistency for brokers and agents.

The average 30-year fixed rate rose to 6.53% this week from 6.51%, while the 15-year fixed rate increased to 5.66% from 5.65%, according to Freddie Mac. Rising borrowing costs continue putting pressure on affordability and monthly payment calculations for buyers heading into summer.

A strong digital presentation will help sellers attract more attention before buyers decide whether to schedule an in-person showing.

Several Florida office markets are outperforming broader national trends, according to a new CommercialCafe report. Miami posted the nation’s lowest vacancy rate among major office markets at 12.5%, while Tampa remained below the national average and Orlando stood out for comparatively affordable office rents.

Whether an HOA can regulate street parking often depends on who owns the road. Associations generally have more authority on private streets than public roads.

In a strong seller’s market, addenda W and X can help sellers accept a top offer while protecting their next option if the deal falls through.

A nationwide overhaul of appraisal reporting is underway, bringing more detailed property data and standardized reporting requirements.