The governor signed a bill blocking golf courses, resort-style lodges and sports facilities in state parks, a Florida Realtors 2025 legislative priority.
In Q1 2025, a family earning a median income of $104,200 needed 36% of it to cover the mortgage on a median-priced new home, down from 38%, the NAHB said.
Homeowners across the U.S. hold $11T in tappable equity. Experts urge caution and understanding of loans, HELOCs and other options before borrowing against it.
Florida Realtors Chief Economist cites still high mortgage rates as a factor, saying if they fall to 6%, it will help affordability and spur more buyer competition.
The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income deduction increase and the SALT deduction.
The law, which will take effect July 1, extends by one year the deadline for structural-integrity studies, which currently must be completed by Dec. 31, 2025.