Browsing Posts In: blog

Data Indicates Florida Will Become 16th Largest Economy

July 11, 2017

University of Central Florida (UCF) Economist Sean Snaith predicts that Florida’s gross state product will break the $1 trillion mark next year – and then climb to $1.074 trillion in 2019. That gross state product level would in turn make the Florida economy the 16th largest economy in the world, as ranked by the World Bank. Snaith expects the gross state product to expand at an average annual rate of 2.9 percent through 2019 and […]

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Anticipated Increase in Homeownership Rate

July 4, 2017

The rate of homeownership has progressively fallen since the Great Recession from 70 percent to an estimated 64 percent today. Housing industry experts say that new data indicates an approaching increase in the homeownership rate for the current year. Real estate-focused website Trulia has evaluated the Census report and uncovered that owner households formed at two times the rate of renter households during the first quarter of this year. Per Trulia, this is an indicator […]

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2017 Hurricane Season Predictions and Preparations Checklist

June 27, 2017

The National Oceanic and Atmospheric Administration (NOAA) is predicting an active hurricane season. It estimates there will be five to nine hurricanes, with two to four of them being major storms. A weak El Niño could make for a more active hurricane season this year. The NOAA just recently said there is a 45 percent chance of an above normal season, a 35 percent chance of a near-normal season and only a 20 percent chance […]

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New Bill Lower Taxes on Job Creators and Families in Florida

June 20, 2017

The Florida Chamber of Commerce applauds Florida Governor Rick Scott for lowering taxes on job creators and families by signing HB 7109, sponsored by Representative Jim Boyd (R-Bradenton) and Senator Kelli Stargel (R-Lakeland), into law. This Florida Chamber-backed bill takes a major step toward addressing much-needed targeted tax reform, including a reduction of the Florida-only business rent tax – saving job creators approximately $61 million, and a further increase in the oversubscribed R&D tax credit for innovators. […]

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The Jump from Renter to Homeowner in Florida Among the Most Reasonable

June 13, 2017

A report recently released by HowMuch.net offers an analysis of monthly housing costs by state and the differences between the cost of owning and the cost of renting. The report shows the smallest cost increase between owning and renting is in the Southeast region and in the Rust Belt. The report lists homeownership in West Virginia as the most attainable, while homes in Florida, Indiana, Arkansas and South Carolina are highlighted as reasonably attainable. The […]

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