AGP Executive Report
Last update: 6 hours agoProperty Taxes: Florida voters approved Amendment 3, raising the homestead exemption to $150,000 in 2027 and $250,000 in 2028, while cutting the annual assessment cap on non-homestead properties from 10% to 5%. New residents face a later path to the expanded benefit, making the 2026 residency deadline a key consideration for buyers. Affordable Housing: Priced out of central Miami-Dade, buyers are looking south: Palm Villas opened with 32 twin homes starting at $479,900, aimed at keeping qualified buyers’ monthly housing costs below $3,000. Development Pipeline: The Residences at Mandarin Oriental, Miami, has broken ground on Brickell Key, while South Dade officials are seeking sites for an aerospace and defense corridor—an effort that began after existing zoning blocked a proposed warehouse use. Market Outlook: TD Economics says Florida’s post-pandemic boom is fading as migration slows and housing and transportation costs weigh on households; it expects only tepid home-price gains.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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