Proposed tax changes may have only a marginal impact on real-estate slump

Will the slumping Florida housing market get a major boost if voters approve a measure that allows homeowners to take their tax break with them when they move? That’s what lawmakers are touting, but some economists question whether the legislation will do much to reverse the current slowdown in homes sales. The so-called tax portability will have a “marginal, positive effect on the real estate market, certainly, not of the size and magnitude to cause a major recovery,” said Hank Fishkind, an Orlando-based private-sector economist who has served as an adviser to a number of Florida governors. Sean Snaith, an economics professor at the University of Central Florida, said the measure isn’t likely to spur home sales to a significant degree or make much difference to the overall health of the state.

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