Governor DeSantis' tax proposal could reshape Florida's housing market | | winknews.com
Over the course of the year, I have been interviewed several times about real estate and the current market. From high inventory to new regulations, to the NAR lawsuit, to real estate scams. Here is another news interview by Wink News, here in SWFL.
It is a great time to buy real estate in Florida! There are several forces at work that could cause a complete turnaround of the current real estate trends. Interest rates are going to continue to be lowered. Insurance companies are coming back into Florida and we have seen a decline in rates. But, for specifically Florida, to be the first state to remove all property taxes would be a game changer. By lowering taxes we would increase the buying power of the average home buyer by $40,000. Couple that with reduced interest rates and lower insurance and the average buyer can now afford $100,000 more. When you and in that out of state buyers will want to move to a state that doesn't have property taxes, we will get a whirlwind in real estate sales.
Take my advice, BUY NOW!