Incoming leaders of the Fla. House and Senate say they’ll continue to chip away at the state’s commercial lease tax during the 2019 legislative session. Source: Florida Realtors
Facebook pulls its 'Likely to Move' marketing tool
The “Likely to Move” tool helps find potential homebuyers by checking third-party sites and crunching the data. However, the agent marketing tool will shut down in mid-August as fallout from Facebook’s Cambridge Analytica data scandal. Source: Florida Realtors
New Fla. laws go into effect on Sunday
Several laws approved by the 2018 Florida Legislature go into effect July 1, impacting things like tax credits, environment restoration and condo garbage pickup. Source: Florida Realtors
New contracts may not close if flood ins. expires
If a lender requires flood insurance, buyers who don’t have it by July 31 may lose the home of their dreams. NAR’s Call for Action pushes Congress to renew the program, but eve Source: Florida Realtors
Finding a downpayment: Can I tap my IRA to buy house?
First-time buyers can take as much as $10K out of their retirement fund to buy a home – $20K if a couple is purchasing – provided they follow the rules. Source: Florida Realtors
Will Supreme Court's sales-tax decision impact real estate?
In a major shift, the court ruled that states can collect sales taxes on all online goods, which will affect commercial retailers and many small businesses. Source: Florida Realtors
Association-backed health insurance coverage OK'd
Realtors one day may be able to buy NAR-sponsored health insurance policies following U.S. Labor Dept. approval, though a few hurdles still remain Source: Florida Realtors
No flood insurance, no real estate market. Act NOW
Call for Action: National flood insurance will lapse again on July 31 – and since Fla. has 35% of all policies, Florida Realtors asks all members to contact lawmakers NOW. Source: Florida Realtors
Builder confidence slips as lumber prices soar
NAHB’s latest confidence survey finds a 2-point drop. While builders remain optimistic, NAHB says the lumber tariffs add about $9,000 to the cost of a new home. Source: Florida Realtors
Post-hurricane priorities: AC or cellphone charger?
Floridians without post-hurricane damage often face a week or more without electricity, and storm preparation should include a plan on how to handle it. Source: Florida Realtors
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