Florida Gov. Ron DeSantis recently voiced his support for eliminating property taxes in his state, a move that would make Florida the first state in the nation to do so if successful. However, critics argue that property taxes are a crucial funding source for local governments.
Based on new data from national property broker Redfin, prices of condos in major Florida metros are dropping year-over-year in early 2024, as sales decline. New condo listings inventory is soaring as sellers try to offload their properties.
Based on new data from CoreLogic, there are 808,321 single-family and multifamily homes along the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $238.4 billion are at potential risk of storm surge damage from Hurricane Idalia.
According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.
Posted on October 11, 2019
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