Naples Real Estate News 03/20/08

March 21, 2008

MORTGAGES – So if the Fed keeps lowering interest rates, why don’t fixed mortgage rates drop more? Blame the investors who buy packages of mortgages on Wall Street. Those who are buying packages of mortgages are looking to recover their losses from mortgages which have fallen into short sales or foreclosure. In addition, to investors [...]

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Naples Real Estate News 03/19/08

March 21, 2008

REAL ESTATE TAXES – If real estate taxes drop 25 percent through an amendment appearing on the November ballot, schools would need at least $8 billion from an alternate source. That raises the possibility, once again, of a sales tax on services, which could be levied on everything from lawn mowing to accounting.
HOMEOWNERS INSURANCE – [...]

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Naples Real Estate News 03/18/08

March 20, 2008

REAL ESTATE TAXES – Under a plan approved by the Florida Taxation and Budget Reform Commission Monday, voters will have a chance in November to approve an across-the-board property tax cut averaging 25 percent. The measure also includes a provision giving businesses, second homes and other properties that do not qualify for a homestead exemption [...]

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Naples Real Estate News 03/17/08

March 20, 2008

HOME VALUES – The real estate mantra of "location, location, location" rings particularly true in a slow market. Buyers should do their research, because choosing the right neighborhood could have a big effect on whether or not their home turns out to be a winning investment. Key item to look for is the number of [...]

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Real Estate News 03/14/08

March 20, 2008

MORTGAGE RATES – Rates on 30-year mortgages increased this week for the fourth time in the past five weeks, rising to an average of 6.13 percent, up from 6.03 percent last week, according to Freddie Mac’s weekly nationwide survey.

HOMEOWNERS INSURANCE – A Florida Senate panel charged with studying Florida’s property insurance troubles – and why [...]

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Real Estate News 03/13/08

March 20, 2008

HOMEOWNERS INSURANCE – If a homeowner insured by Citizens Property Insurance Corp. could get a lower rate by going with a private insurer, his insurance agent must tell him – a new rule ordered yesterday by state regulators. Recommendation – call your insurance agent and check to see if you can get a lower rate [...]

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Naples Real Estate News 03/12/08

March 20, 2008

HOMEOWNERS INSURANCE – The number of homeowners insured by state-run Citizens Property Insurance Corp. is expected to grow despite efforts to turn over policies to the private market. And though its surpluses are expected to increase, Citizens could see a loss six times as great as its surpluses if a major storm hits the state, [...]

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Naples Real Estate News 03/11/08

March 18, 2008

MORTGAGES – The Federal Reserve announced that it’s ramping up efforts to provide relief in the spreading credit crisis, saying it will make up to $200 billion available to cash-strapped financial institutions. The action is being coordinated with central banks in other countries to provide help in the current global credit crisis.
HOW FAST CAN YOU [...]

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Estero Real Estate Condo Market Update Feb 08

March 18, 2008

The Estero Florida real estate market for the month of February is showing signs of stability with new listings, with strengthening in the pending sales and with closed sales. The median price paid for a condo in Estero is experiencing deflation, which has a positive effect on the pending sales. 
New Listings: In February a total [...]

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Estero Real Estate Home Market Update Feb 08

March 10, 2008

New Listings: During the month of February 83 Estero homes were listed for sale. In 2007, there were 111 and in 2006 a total of 90. In January 2008, a total of 135 homes were listed for sale and 69 in December 2007. The absorption rate calculated for February was 9.2 months greater than the [...]

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