If you’re a frequent visitor to news websites, you’re probably quite aware of how the country is evidently creeping closer and closer to an economic recession partially due to slow real estate and the multiple strategies being taken by the government to try and prevent such a thing from happening.

The one most people may be familiar with and are looking forward to is the tax rebate checks currently in the final stages of being passed which are intended to put money back into the economy. The Federal interest rate cuts are another that might ring a bell and for people living in Florida, Amendment 1 may also end up being an unintentional contributor.

Miami real estate woes aren’t helping sellers trying to rid themselves of their Miami Beach condo or their Aventura single family home at all, something we’ll leave there since it’s a proven fact. What about the people who aren’t selling a home but no longer have a need for a three bedroom property now that the kids are all grown up and have sowed their own seeds?

Until Amendment 1 came around, moving to a new home often involved the risk of having to shell out higher property taxes, something many homeowners could not handle on top of all the other bills they have to pay year-round. Now that Amendment 1 practically nixes that risk, suddenly there’s potentially hundreds of new prospective clients out there realtors can get acquainted with and assist in finding a new place in popular condos like ICON or one of the beautiful Coral Gables luxury homes. This amendment can prove extremely effective in restoring faith in real estate.

As for the Fed cuts and tax rebates, consider them music to a homeowner who happens to have a home equity line of credit’s ears. Lower rates equal lower monthly payments and substantially less risk of these homeowners finding themselves facing foreclosure. Plus, those checks can function for any number of practical things from saving to investing if you choose not to spend it.

It’s still too early to tell what kind of effect these things will have in terms of reigniting Florida real estate and/or preventing an economic downfall but the fact that there are people behind the scenes trying to make things better for the country and its citizens does allow one to go about their day a little more relaxed.