Florida Real Estate News – 04/16/07

April 21, 2007

FLORIDA PROPERTY TAXES The Florida Senate’s property tax plan, unveiled last Thursday, is generating mixed reactions. Proponents of lower taxes say it doesn’t go far enough, while local governments and business interests generally prefer it. It’s clear that there’s one tax change no one is considering, however: the creation of a state income tax.

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Florida Real Estate News – 04/13/07

April 21, 2007

FLORIDA PROPERTY TAXES The Senate unveiled its long-awaited bipartisan property tax reform package yesterday, and it differs significantly from the House’s plan. The Senate proposal includes a tax rate rollback, a cap on future local government revenue increases, a limited version of property tax portability and a special exemption for first-time homebuyers but no [...]

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Florida Real Estate News – 04/12/07

April 21, 2007

FLORIDA PROPERTY INSURANCE Citing large losses and outsized exposure in Florida, USAA will limit its new homeowners insurance business to active duty military homebuyers. The insurer says it will renew existing policies in the state, but only one property per policyholder.
INTERESTING THOUGHTS Eighty-four percent of U.S. residents say home values will hold steady [...]

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Florida Real Estate News – 04/11/07

April 21, 2007

HURRICANE INSPECTIONS Florida’s CFO Alex Sink announced yesterday that the state’s free hurricane home inspection program would resume within two weeks. Sink also announced the names of companies in the state, by area, that won a competitive bid process to conduct the local inspections.
FLORIDA PROPERTY TAXES As the Florida Legislature grapples with ways [...]

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Florida Real Estate News – 04/10/07

April 21, 2007

FLORIDA PROPERTY TAXES Gov. Crist yesterday signed HB 333, which gives counties the ability to create an additional homestead exemption for low-income seniors. Calling it the point of the spear in his fight against high property taxes, Crist also suggested that the current session could be extended or a special session called later if [...]

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Florida Real Estate News – 04/09/07

April 21, 2007

CITIZENS PROPERTY INSURANCE Citizens Property Insurance Corp., the state’s insurer of last resort, saw its reach expanded during the Florida Legislature’s special session in January, and it might expand even more. Gov. Charlie Crist and several lawmakers are promoting a Senate bill that paves the way for Citizens to become a full-fledged insurer.

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Florida Real Estate News – 04/05/07

April 21, 2007

FLORIDA HOME SAFETY A new law, crafted during the Florida Legislature’s special session in January, calls for the creation of a system to rate each home’s ability to withstand storm winds. Lawmakers are working out the details, and one proposal received backing yesterday from the Florida Office of Insurance Regulation.
FLORIDA PROPERTY TAXES If [...]

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Florida Real Estate News – 04/03/07

April 21, 2007

SUBPRIME MORTGAGES New Century Financial, the nation’s second largest lender specializing in subprime loans, filed for bankruptcy protection yesterday. While 50 lenders have filed for bankruptcy recently, New Century’s fall from grace shook stock traders who watched it go from Wall Street favorite to financial pariah.
CONDO-HOTELS A few years ago, condo-hotels practically sold [...]

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Florida Real Estate News – 04/02/07

April 21, 2007

FLORIDA PROPERTY INSURANCE An arbitration panel ruled Friday that Nationwide Insurance Co. can increase its statewide average homeowners insurance rates by 54 percent. But regulators say the actual amount should be less based on new laws passed during January’s special session of the Florida Legislature.

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Florida Real Estate News – 03/30/07

April 1, 2007

FLORIDA PROPERTY TAX REFORM Florida voters are split on a House plan to exchange property taxes for a higher sales tax with slightly more opposed, according to a recent poll. But a clear majority (69 percent) like the idea of rolling back local government spending to 2001 levels.
Why roll back local government spending to [...]

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