@CryptoTaxFixer So what happens when the folks who pay the higher tax decide they don’t like it and stop investing in Florida? Like every other tax shift/exemption/special tax break this will produce unintended consequences that screw up the system for years to come.
The Federal Reserve raised the Fed Funds Rate target by 25 basis points to 5.25 % to 5.5% yesterday, the highest seen since 2001. Fed rate is the rate that banks borrow necessary reserves overnight from other banks. Fed Chair Powell remains committed to a 2% inflation rate goal
Pending Home Sales (newly signed existing-home purchase contracts) rose a minuscule 0.3% from May to June 2023, but were down 15.6% vs a year ago
12-Month Changes
-16.7% Northeast
-17.1% Midwest
-14.3% South
-15.5% West
@NAR_Research