SB 280 was narrowly passed by the Florida Legislature on March 7, 2024. Vetoing the bill protects the property rights of owners who wish to rent their homes on a short-term basis. Realtors® have long agreed that short-term rentals need to be regulated, but SB 280 would have gone too far, becoming a tool to:
“Tax” short-term rental owners through unlimited fees
Suspend and take away vacation rental registrations using undefined violations
Force short-term rental owners to appeal disciplinary actions through the courts
The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months. By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market.
