Naples Real Estate News – 01/21/08

January 21, 2008

REAL ESTATE TAXES – A survey conducted for the South Florida Sun-Sentinel and Florida Times-Union found that 21 percent of Florida voters have not yet decided whether to vote for the property tax amendment or not.
Another property tax amendment will appear on the ballot in November – but relief under it would be very limited [...]

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Naples Real Estate News – 01/18/08

January 18, 2008

MORTGAGE RATES – Rates on 30-year mortgages dropped for a third straight week to 5.69 percent – the lowest level since the summer of 2005 – as worries intensified about the current economic slowdown, according to Freddie Mac’s weekly nationwide survey.
MORTGAGES – In light of the subprime delinquency and foreclosure epidemic, the Federal Housing Administration [...]

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Naples Real Estate News – 01/17/08

January 17, 2008

REAL ESTATE TAXES – Local government property taxes almost doubled from 2001-2006, which should have plumped up cities’ and counties’ spending reserves for a rainy day. Florida residents are tightening their budget belts and putting on their rain gear – local governments should be held accountable for their spending habits, too. Passage of Amendment 1 [...]

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Naples Real Estate News – 01/16/08

January 16, 2008

HOMEOWNERS INSURANCE – Florida insurance regulators abruptly ended a planned two-day hearing with Allstate executives Tuesday, angered that the company and its attorneys failed to fully comply with a subpoena demanding information on property coverage rates. While Allstate’s four Florida companies had asked for double-digit rate increases, the insurer told state regulators it planned to [...]

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Naples Real Estate News – 01/15/08

January 15, 2008

REAL ESTATE TAXES – Florida’s homestead exemption hasn’t changed since 1980, which means it’s about time it was increased to better reflect modern home values. Under Amendment 1, the state’s homestead exemption will double from $25,000 to $50,000 for most Floridians.
Early voting started across Florida on Monday, . . .

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Naples Real Estate News – 01/14/08

January 14, 2008

REAL ESTATE TAX REFORM – Governor Crist will spend a lot of time this week advocating passage of Amendment 1, the property tax reform proposal voters will consider on January 29. The governor continues to visit families who will benefit from passage, and plans a promotional bus tour around the state on Wednesday. Early voting [...]

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Naples Real Estate News – 01/11/08

January 11, 2008

REAL ESTATE TAX REFORM – AMENDMENT 1 – Property assessments on all non-homestead property, including vacant land, commercial business property and second homes, will be capped at 10 percent annually. Take that to the bank!
If Amendment 1 passes on January 29th, this could have an effect

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Naples Real Estate News – 01/10/08

January 10, 2008

HOME PRICES – In the current housing market, buyer incentives and disguised discounts make it harder to track home prices through sales records. Buyer incentives – ranging from free cars or furniture to cash rebates – make those prices less reliable as a sign of what buyers actually paid.
Most multiple listing services require homes be [...]

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Naples Real Estate News – 01/09/08

January 9, 2008

HOMEOWNERS INSURANCE – The insurance laws passed by the Florida Legislature one year ago appear to work, at least according to a state regulator testifying before a Senate committee yesterday. “I really don’t think there’s been any rate increases since we passed our laws,” Sen. Bill Posey, R-Rockledge says.
Later this month there will be blog [...]

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Naples Real Estate News – 01/08/08

January 8, 2008

FLORIDA BUYERS – One in three Florida homebuyers is single, with 21 percent of home purchases made by single women and 12 percent by single men – just one finding from the newly-released Florida version of National Association of Realtor’s “2007 Profile of Florida Homebuyers and Sellers.” Another highlight: Over two-thirds of Florida buyers (64 [...]

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