Naples Real Estate News - 11/30/07

November 30, 2007

REAL ESTATE TAXES - The tax swap may be back. A panel of the Florida’s Taxation and Budget Reform Commission, a group with the power to put an amendment directly on the November 2008 ballot, is considering a plan to reduce homestead property taxes and cap non-homestead property taxes with a temporary increase in the [...]

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Naples Real Estate News - 11/29/07

November 29, 2007

REAL ESTATE INVESTING - The subprime mortgage problem has hit home for many local governments in Florida. State cities, counties and agencies have pulled billions of dollars out of a state-run investment fund that is backed by subprime mortgages.
ECONOMY - The Federal Reserve’s latest economic snapshot released yesterday finds that the housing slump and credit [...]

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Naples Real Estate News - 11/28/07

November 28, 2007

HOME SALES - Disruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.
MORTGAGES - After avoiding major trouble most of the [...]

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Naples Real Estate News - 11/27/07

November 28, 2007

HOW’S FLORIDA DOING? Gov. Charlie Crist promised to make Florida government more accessible to the public, and a new Web site seems to do just that. Florida Performs compiles data from a variety of sources and provides a synopsis of Florida’s current state of affairs. And it appears to be balanced, citing the bad news [...]

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Naples Real Estate News - 11/26/07

November 27, 2007

REAL ESTATE TAXES - Continuing to bash a property-tax plan he reluctantly voted for, House Speaker Marco Rubio is now urging supporters to back a citizens’ petition to cap the total amount of taxes paid by every property owner to 1.35 percent of the property’s value.
ECONOMY - Some 2 million homeowners hold $600 billion of [...]

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Naples Florida Real Estate News - 11/21/07

November 23, 2007

FLORIDA HOME SALES - In third quarter 2007, Florida’s housing sector in many markets continued to report high inventory levels of homes for sale, median prices edging down and sales activity levels reflecting the impact of mortgage disruptions. Statewide sales of single-family existing homes totaled 31,910 for the quarter, a decrease of 29 percent compared [...]

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Mel’s Diner Benefit

November 21, 2007

Mel’s Diner is having a Classic Vehicle Cruise In to benefit Helping Kids With Cancer.
Over 100 classic vehicles will be on display in the parking lot of Mel’s Diner in Fort Myers, on US 41 - ½ mile south of Colonial Blvd. this Sunday November 25th from 6:00-9:00 P.M. Proceeds raised during the car show [...]

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Naples Florida Real Estate News - 11/20/07

November 20, 2007

FORECLOSURES - Created to combat a rising flood of mortgage foreclosures, the Hope Now alliance began a nationwide mail campaign Monday to 300,000 homeowners, offering help to those who may be having trouble meeting their mortgage payments.  Hope Now alliance, is backed by the Bush, is a partnership of mortgage companies and nonprofit housing counselors.  It [...]

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Naples Florida Real Estate News - 11/19/07

November 20, 2007

HOMEOWNERS INSURANCE - Allstate Insurance customers are safe from rate increases – at least for now. State officials say proposed increases by four Allstate insurance companies, ranging from just under 30 percent to more than 43 percent, don’t comply with a new state law.
Since at least 2003, the company had formed limited partnerships that acted as [...]

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Naples Florida Real Estate News - 11/16/07

November 16, 2007

ANOTHER HOME BUILDER IN TROUBLE - Homebuilder TOUSA Inc. of Hollywood, Florida says it may not survive the housing slump. The company’s announcement comes less than a week after Fort Lauderdale-based Levitt and Sons filed for Chapter 11 bankruptcy protection from its creditors. (see Florida Real Estate News - 11/12/07.)
MORTGAGE RATES - Rates on 30-year mortgages were [...]

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