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Florida Real Estate News – Fla. businesses to see reduced biz rent tax in 2018

Florida Real Estate News – Gov. signs HB 7109 that reduces Fla.’s business rent tax. 2017 Pres. Maria Wells says it “puts $61M back in the hands of businesses to grow and hire more people.” Fla. businesses to see reduced biz rent tax in 2018 BOCA RATON, Fla. – Gov. Rick Scott today signed HB 7109, which includes a reduction to Florida’s business rent tax as well as other tax cut provisions. 2017 Florida Realtors®President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart, spoke in support of the legislation…

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Florida Real Estate News – Fla. home sales up 9.3% yeartoyear in March

Florida Real Estate News – Fla. home sales up 9.3% year-to-year in March NAR: U.S. home sales jump 4.4%, hit 10-year high ORLANDO, Fla. – Florida’s housing market reported more closed sales, higher median prices and increased pending sales in March, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 25,921 last month, up 9.3 percent compared to March 2016. “March’s strong sales likely were influenced by buyers ready to take action before interest rates could move higher,” says 2017 Florida Realtors President…

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Florida Real Estate News – Study Fla. in top 5 for commercial development

Florida Real Estate News – Study: Fla. in top 5 for commercial development NEW YORK – Florida ranks fifth nationwide for commercial development, according to NAIOP, a commercial real estate development association. By sector, it’s third in retail, third in warehouse/flex sectors and seventh in office space. Development, construction and ongoing operations of new commercial real estate in the United States – office, industrial, warehouse and retail – supported 6.25 million American jobs and contributed $861 billion to U.S. GDP in 2016, according to the report, “Economic Impacts of Commercial…

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Florida Real Estate News – Fla. Legislature Business rent tax cut advances

Florida Real Estate News – The Senate – which is taking a different path than the House in considering a cut to the state’s business rent tax – moved a bill forward Monday as it passed out of the Senate Community Affairs Committee with a 5-2 favorable vote. Commercial rent cut advances in Senate TALLAHASSEE – A second bill aimed at lowering a tax paid by commercial property owners advanced in the Senate on Monday, as the Senate and House continue on different paths to building a tax cut package….

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Florida Real Estate News – Brokers: Fla. launches workers’ comp website

Florida Real Estate News – Brokers: Fla. launches workers’ comp website TALLAHASSEE, Fla. – To help Florida business owners secure workers’ compensation coverage, the Florida Division of Workers’ Compensation launched an online insurance company database called the Coverage Assistance Program (CAP). This new database allows employers to search for insurance companies that are actively offering workers’ compensation policies for their industry type. “Employers can use the information provided in the CAP to inform conversations with their insurance agents and to help facilitate a smoother, faster policy purchasing process,” says Tanner…

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Florida Real Estate New – Which Fla. city best for a real estate business

Florida Real Estate News – Zillow: Still unprofitable but predicts $1B in revenues   SEATTLE – Seattle-based Zillow Group on Tuesday said it expects to surpass $1 billion in annual revenue for the first time in 2017 but still isn’t close to turning a profit. The real-estate information company, whose websites also include Trulia, HotPads and Naked Apartments, reported a record $227.6 million in revenue in the fourth quarter of 2016, up 34 percent from a year prior and slightly above analysts’ expectations. It finished the year with $846.6 million…

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Florida Real Estate New – Fla. no longer poster child for underwater homes

Florida Real Estate News – Fla. no longer poster child for underwater homes IRVINE, Calif. – Feb. 9, 2017 – ATTOM Data Solutions’ Year-End 2016 U.S. Home Equity & Underwater Report found 5.4 million U.S. properties seriously underwater at the end of 2016 – a decrease of more than 1 million properties year-to-year. Seriously underwater properties are ones in which the combined mortgage amount is at least 25 percent higher than the property’s estimated market value. The report found that 14.3 percent of Florida homes with a mortgage were seriously…

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Florida Real Estate News – Real Estate Trends Fla. ‘outperformed’ the U.S.

Florida Real Estate News – Real Estate Trends: Fla. ‘outperformed’ the U.S. ORLANDO, Fla. –  In 2016, Florida’s economy outperformed the nation in part because of better job creation, according to several economists who spoke to a standing-room-only crowd of about 500 Realtors® at the 2017 Florida Real Estate Trends event Thursday during Florida Realtors Mid-Winter Business Meetings. National Association of Realtors (NAR) Chief Economist Lawrence Yun noted that the pace of U.S. home sales in 2016 at 5.5 million was “the best in a decade.” Since it’s nowhere near the…

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