News

Freddie Mac expedites financing for affordable rentals

MCLEAN, Va. – April 4, 2018 – Freddie Mac announced a new product, Targeted Affordable Housing Express (TAH Express), that it says will provide faster, simpler and cheaper financing for the preservation of smaller, affordable rental properties. TAH Express financing...

New business rent tax cut, budget victories become law

TALLAHASSEE, Fla. – March 29, 2018 – It’s official, the second cut to the business rent tax in as many years is now law and will take effect Jan. 1, 2019. The cut was included in House Bill 7087 (known as the tax cut package) which was signed into law by Gov....

Business Rent Tax, Affordable Housing, and Environmental Funding

Business Rent Tax, affordable housing, and environmental funding TALLAHASSEE, Fla. — March 11, 2018 — Despite a very tight state budget, Realtors® and their communities throughout Florida are walking away from the 2018 session of the Florida Legislature with several...

MULTIFAMILY DEVELOPERS’ CONFIDENCE DIPS IN 1Q

WASHINGTON – May 30, 2017 – The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), dropped seven points to 48 in the first quarter of 2017. The MPI has not had a reading of under 50 since the fourth quarter of 2011. The...

NAR: FOREIGN INVESTMENT SURGES 49% – HITS RECORD HIGH

WASHINGTON – July 18, 2017 – Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high. In all five of the top feeder countries buying U.S. real estate, the number of...

FLA. FORECLOSURES DOWN 56% IN TWO YEARS

IRVINE, Calif. – July 20, 2017 – According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, Florida’s status as one of the nation’s top foreclosure states has improved, and the foreclosure crisis continues to heal. The Florida...