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Lower mortgage rates could stimulate home sales and ease inventory constraints in 2024. However, it's unlikely the 30-yr mortgage rate will drop below 6% soon. If the Fed raises rates further, housing affordability may worsen.
Florida's Live Local Act, which allocates over $700 million for incentives to develop affordable housing, took effect July 1. It mandates local governments to authorize the development of multifamily rentals on sites that are zoned as mixed-use residential, commercial or industrial if at least 40% of the residential units will be affordable to people making…
Condo fees and HOA dues are typically not tax deductible for homeowners However, there are some exceptions. Homeowners may be able to deduct a portion of HOA fees if their property is used as a home office, but it must meet IRS criteria. Rental property owners can deduct all HOA fees and related expenses for…