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
Fed raises interest rates and expects more this year
As expected, the Fed boosted interest rates 0.25 points – which directly impact ARMs – but it also increased expectations to a total of four rate hikes this year. Source: Florida Realtors
Florida home price gains fall short of U.S. average
Thanks to an active hurricane season, Fla. home prices increased more slowly at 5.8% last year, but that should change in 2018 without any similar stormy weather. Source: Florida Realtors
Retirement can come with hidden taxes
Americans can exempt $250K from capital gains taxes when selling their home, but rising property values and inflation may push more people above that threshold. Source: Florida Realtors
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