MAJOR REALTOR® PRIORITY SIGNED INTO LAW
Senate Bill 50, which contains the largest reduction to the Business Rent Tax (BRT) was signed by the governor last night. Senate Bill 50 relates to taxation. By way of background, sales tax is already required to be collected and remitted on online purchases.
Florida Realtors® Passes California as Largest State Association
Realtor® membership fluctuates year-to-year and even week-to-week, but NAR’s membership report on March 31 finds 5,118 more Realtors® in Florida than in No. 2 Calif.
Lawmakers OK Trust Funds Cut, Now On to Budget Reconciliation
The Legislature permanently cut affordable housing trust funds 50%, up from the 66% initially proposed. Florida Realtors will advocate for more during budget reconciliation.
HUD Announces $5B to Help Homeless; Florida to Get $254M
Of the Florida cities and counties allocated funds for fighting homelessness, Miami-Dade County tops the list with $17.6M, followed by Broward with $14M.
Take Action: Hard-Working Floridians Need Our Help
Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®, calls on local Realtors® to Take Action to protect Florida’s Affordable Housing Fund.
Affordable Housing is Under Attack in Florida
This is your wake-up call, Florida, and we need your help to save affordable housing.
Breaking News! Eviction Moratorium Extended
The Centers for Disease Control (CDC) announced that it is extending its nationwide eviction moratorium through June 30, 2021.
SBA Extends PPP Small-Business Loan ‘Lifeline’
Brokers and other smaller U.S. businesses struggling due to the pandemic now have an additional two months to apply for a Paycheck Protection Program (PPP) loan.
Do More With The DPBR Mobile App
Download the free app on the Apple App Store and Google Play Store
Rental Assistance Available to St. Lucie County Residents
Rental Assistance is available for St. Lucie County, Port St. Lucie, Fort Pierce and St. Lucie Village Residents
St. Lucie County Median Price Hits $275,000 in February, New High
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for February. Here are statistics on single family homes.
Martin County Median Price Continues to Increase Year-Over-Year
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data for February. Here are statistics on single family homes.
Palm Beach County Median Price Hits $450,000 in February, New High
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in the Palm Beaches. The reports compare year-over-year data for February. Here are statistics on single family homes.
Broward County Median Price Hits $433,000 in February, New High
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data for February. Here are statistics on single family homes.
NAR Study: Millennials Dominate but Gen Z Moving In
The new 2021 Generational Trends Report found that one in five millennial buyers (20%) and boomers (22%) are unmarried. And Gen Z is now 2% of all buyers and growing.
Flood Insurance 2.0: Congress Updates Its Analysis
National flood insurance will undergo a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Under “Risk Rating 2.0,” policy rates will be individualized based on a specific home rather than a general blanket rate based on flood zones.
Senator Outlines Goals for Mortgage Reform; NAR Agrees
Government-owned Fannie Mae and Freddie Mac must be reformed, yet if done badly, it could threaten the U.S. housing market and possibly make 30-year mortgages obsolete. But a Senate Banking Committee member issued “guiding principles” that have been backed by NAR.
Complete Update for Realtors® Property Resource (RPR)
The Realtor® marketing tool that generates reports for buyers and sellers has been completely redesigned based on member feedback, according to NAR.
Mortgage ‘Flexibilities’ Extended to May – but Likely Last Time
FHFA extended mortgage-approval changes added during the pandemic – such as alternatives to appraisals and alternate methods to verify income and employment – through April 30. But the agency said that’s likely the last time it will do so, at least for some of the temporary easements.
New Updates Announced to Paycheck Protection Program
The change applies to independent contractors SBA called “disadvantaged” in its earlier calculation system that looked at net profits. Now gross income may be used.