Naples Real Estate News – 01/31/08

January 31, 2008

REAL ESTATE TAX AMENDMENT – Florida voters sent a loud message Tuesday: We want lower property taxes. But are more tax cuts likely? It’s too early to know, but a couple things could happen. The state’s tax panel, for example, is considering a repeal of those property taxes that pay for schools, reducing taxes by [...]

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Where Are The Foreclosures

January 30, 2008

Many potential buyers in Naples real estate market are looking for possible short sales, pre-foreclosures, or foreclosed properties.  Their search begins with reading that the state of Florida is one of the states with the highest number of foreclosures.
Real estate is local and just as it is local, not all localities have a large number [...]

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Naples Condo Market Report December 07

January 30, 2008

In the Naples real estate market condominiums show some positive trends in new listings coming on the market, closed sales, and pending sales as one reviews the statistics and analysis, with exception of median price paid. The market report covers not only the month of December, but also for the quarter ended December 31, 2007 [...]

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Naples Home Market Report December 07

January 30, 2008

In the Naples real estate market single family homes shows some positive trends as one reviews the statistics and analysis.  The market report covers not only the month of December, but also for the quarter ended December 31, 2007 and 2007 in totality.
Monthly Analysis: Listings: The number of new listings coming on the [...]

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Naples Real Estate News – 01/30/08

January 30, 2008

REAL ESTATE TAX AMENDMENT – Real estate professionals around the state expect the pent up demand to buy-and-sell will spark home sales statewide, as well as, in the Naples area, thanks to yesterday’s passage of Amendment 1, which lowers property taxes statewide.
SUBPRIME MORTGAGES – It’s not just civil investigators at the Security and Exchange Commission [...]

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Naples Real Estate News – 01/28/08

January 28, 2008

REMEMBER TO VOTE TOMORROW JANUARY 29.

JUMBO LOANS – Hoping to speed delivery of its $150 billion pick-me-up for the U.S. economy, the Bush Administration reluctantly agreed to temporarily increase the size of the mortgages Fannie Mae and Freddie Mac can purchase from $417,000 to nearly double that. This is good news for the Naples real [...]

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Naples Real Estate News – 01/25/08

January 25, 2008

MORTGAGE RATES – Rates on 30-year mortgages dropped for a fourth straight week to 5.48 percent, the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry.  This is surely the time to start thinking about buying – low interest rates and lots of [...]

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Naples Real Estate News – 01/24/08

January 24, 2008

ALLSTATE – State attorneys tried Wednesday to reinstate a suspension that would keep Allstate’s 10 insurance companies from writing new policies in Florida. “Florida consumers deserve to know what is in the documents that Allstate is so aggressively guarding and my office is determined to get them,” Insurance Commissioner Kevin McCarty said after the 12-page [...]

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Naples Real Estate News – 01/23/08

January 23, 2008

HOMEOWNERS INSURANCE – The insurance industry should not be allowed to thumb its nose at state regulators and lawmakers, an expert told a Florida Senate panel yesterday.
HURRICANES – Speaking homeowner insurance, is the truth out there? A new report concludes that global warming will actually diminish the number of hurricanes that strike Florida, contradicting earlier [...]

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Naples Real Estate News – 01/22/08

January 22, 2008

INTEREST RATES – The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point today and indicated further rate cuts are likely.
HOMEOWNERSHIP – As an investment, a home requires more than a good cleaning now

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