News and Video Library

OMCAR News & Video Library

UPDATE ON OUR LEGISLATIVE ISSUES

Realtors® from across Florida, including OMCAR members,  traveled to Tallahassee Tuesday, January 12th for Great American Realtor Days (GARD).

While at the state capitol, Realtors® met with legislators to discuss key issues that impact all Floridians and advocate for homeownership. Key initiatives this year included a reduction of Florida’s commercial rent tax, a limit on estoppel fees charged by homeowner associations, full funding for affordable housing through the state’s trust funds and the creation of a statewide water policy.

An update on those key issues:

Update: The Florida House just passed a $1 Billion Tax Cut package (details below) that included a 2% reduction of the Business Rent Tax Cut.

Read More: Florida House Passes Historic $1 Billion Tax Cut

For more information on HB 7099, please visit the Florida House of Representatives Website.

Update: The Florida House took up the Senate water bill and passed the comprehensive water legislation (SB 552)!  The bill creates the Florida Springs and Aquifer Protection Act to expedite protection and restoration of the water flow and water quality in the aquifer and outstanding Florida Springs. The bill also requires DEP to create a set of statewide standards when it comes to collecting and analyzing water supplies and water quality. This bipartisan bill enjoys broad support from many of Florida’s most influential organizations, representing business, agricultural, and conservation interests across the state.  It’s expected that the Governor will have the water bill on his desk today, Friday, January 14th.

The Estoppel Bill, SB 722 passed the Regulated Industries Committee, 6-4 vote.  The next stop for this bill is the Judiciary Committee, Chaired by Senator Diaz De La Portilla, Vice Chair Senator Jeremy Ring.

We will continue to keep you updated as we receive updates on all legislative issues. Great job, Realtors®!

CEP Reveals New Equine Web Portal-TheHorseCapital.com

The CEP has created an equine web portal, TheHorseCapital.com! The web portal is designed to serve as a comprehensive listing of equine businesses, farms, venues, and tours and provides a user-friendly approach to learning all about the Ocala/Marion County equine community. Check out this colorful, easy-to-use portal that provides up-to-the-minute information about Marion County’s equine community such as Industry facts, Breeds, Disciplines, FAQ’s, and History. Visitors can also learn about local farm tours, trail rides, and upcoming equine events.

Anyone involved in the equine community is encouraged to submit the contact information for their business for inclusion in the business directory on the portal. Please send the category under which your business fits, the name of your business, address, phone number, and web address to Sadie Fitzpatrick, Director of Communication, at Sadie@OcalaCEP.com.

To visit the website, go to www.TheHorseCapital.com

 

UPDATE: Transportation Impact Fees Delayed Until January 1, 2017

By unanimous vote on September 1, 2015 at the 2:00PM public hearing held by the Marion County Board of County Commissioners on the question of a reinstatement of the County’s Transportation Impact Fee Ordinance, the BCC decided to delay the reinstatement of transportation impact fees until January 1, 2017.  This decision was handed down following the Board’s ongoing discussion on the subject and reflects the BCC’s desire to seek an alternative sustainable funding system that would be broad based, not stifle economic growth, is diverse, and would not negatively impact only one industry area. A key decision by the BCC concluded that transportation impact fees imposed on new construction alone is not a sustainable solution to funding the County’s long-term transportation infrastructure needs. This decision was based on the facts that the local economy is still recovering and that construction financing is still a challenge with a significant number of projects (both commercial and residential) struggling to appraise without the burden of exorbitant impact fees.

CFPB has launched a new online tool-kit

In our continuing efforts to keep you abreast of the latest news on the implementation of the Truth in Lending RESPA Integrated Document (TRID) rule by the Consumer Financial Protection Bureau (CFPB) here is the new CFPB online toolkit.

CFPB Website  

RSS NAR News Releases

  • Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month
    WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, […]
  • Foreign Buyers and Immigration Expected to Drive Future Demand for U.S. Housing
    WASHINGTON (May 19, 2017) – U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices. That’s according to speakers at an international real estate forum organized by the REALTOR® University Richard J. Rosenthal Center for Real […]
  • Realtors® Have a Positive Outlook for Commercial Markets in 2017
    WASHINGTON (May 19, 2017) – While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo. NAR Chief Economist Lawrence Yun led a panel discussion about the […]
  • Tax Reform Could Deliver a Tax Hike for Homeowners: New Research
    WASHINGTON (May 18, 2017) – While tax reform proposals swirling around Washington, D.C., promise lower tax bills for American families, new estimates indicate that many middle-income homeowners may actually see a tax increase if those proposals go through. The study, “Impact of Tax Reform Options on Owner-Occupied Housing,” illustrates the effects of a tax plan that […]
  • NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017
    WASHINGTON (May 18, 2017) – The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. That’s according to […]
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