Local Issues
Updated Opportunity Zone Program Opens Door for Community Growth
June 1, 2026
Last year’s One Big Beautiful Bill Act renewed and permanently expanded the Qualified Opportunity Zone (QOZ) program through the creation of “QOZ 2.0,” which will take effect on January 1, 2027. While the original QOZ program will remain active for existing investments through 2047, the updated version introduces new rules, fewer designated zones, and enhanced tax benefits for rural communities. The IRS has already issued guidance to states on the nomination process for new zones, with formal nominations beginning July 1, 2026. National Association of REALTORS® is encouraging REALTORS® to engage with local and state leaders during the vetting process to help identify strong candidates for future Opportunity Zones and support economic development efforts in their communities. LEARN MORE
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.