Naples Real Estate News 07/11/08

July 12, 2008

NAPLES HOUSING MARKET
The Naples home sales statistics don’t tell the whole story. In some areas, neighborhoods have not been hurt much by the housing slowdown, such as those close to business areas or good schools, while other neighborhoods have taken a greater hit. The same is true of the Bonita Springs and Estero areas.
MORTGAGE RATES
Rates [...]

Read the full article →

Naples Real Estate News 07/10/08

July 11, 2008

DEMOGRAPHICS
Florida cities continue to grow, but at a slower pace than in previous years, according to the U.S. Census Bureau. New Orleans netted the top growth spot, but its population is still about half what it was before Hurricane Katrina hit.
MY SAFE FLORIDA HOME
Reports of the death of the My Safe Florida Home inspection program [...]

Read the full article →

Naples Real Estate News 07/08/08

July 9, 2008

HOUSING AID
A mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support on Monday, inching toward possible passage by the end of the week despite Republican objections. The bill’s centerpiece is a new $300 billion Federal Housing Administration program to allow struggling homeowners who are currently too financially risky [...]

Read the full article →

Naples Real Estate News 07/07/08

July 7, 2008

PERMANENT GENERATOR PERMITTED?
If you installed a “permanent generator” for you home or condo in Naples, Bonita Springs or Estero – was it properly permitted and installed to code?
If a home listing includes a “permanent generator,” it may not be installed to code. Building officials estimate tens of thousands of open permit cases exist in [...]

Read the full article →

Naples Real Estate News 07/03/08

July 6, 2008

MORTGAGE RATES
Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week to 6.35 percent as signals from the Federal Reserve eased worries about imminent interest rate increases.
MY SAFE FLORIDA HOME
Florida’s Chief Financial Officer announced today that the My Safe Florida Home program will end this weekend, when [...]

Read the full article →

Naples Real Estate News 07/02/08

July 3, 2008

REAL ESTATE TAXES
Every homesteaded property owner in Naples, Bonita Springs, Estero and elsewhere in Florida will pay less property tax this year than they would have paid if Amendment 1 had not passed in January and property values had not declined. However, owners of $420,000 and higher properties who have a lot of their property [...]

Read the full article →

Naples Real Estate News 07/01/08

July 2, 2008

COUNTRYWIDE
Florida Attorney General Bill McCollum filed a lawsuit against Countrywide Financial Corp. Monday for misleading and unfair trade practices. “It is unthinkable a company would try to take advantage of someone’s dream of homeownership,” says McCollum. Meanwhile, Bank of America’s purchase of Countrywide Financial Corp. is expected to become official today.
Listen to the report.
WORKFORCE HOUSING
Florida [...]

Read the full article →

Naples Real Estate News 06/30/08

July 1, 2008

MORTGAGE RATES
If it isn’t one thing, it’s another. Historically low mortgage rates have been one of the few strengths in today’s housing market, but inflation fears may be nudging rates higher.
FLOOD INSURANCE
Congress plans to address insurance regulatory issues in July before departing on an extended summer vacation, and industry officials are hopeful that lawmakers will [...]

Read the full article →

Naples Real Estate News 06/27/08

June 28, 2008

MORTGAGE RATES
Rates on 30-year mortgages rose again this week – to 6.45 percent – climbing to the highest level in more than nine months, reflecting concerns about how the Federal Reserve will respond to higher inflation pressures.
HOMESTEAD EXEMPTION
As county budgets shrink, officials are becoming more aggressive seeking out owners who lie about their living status [...]

Read the full article →

Naples Real Estate News 06/26/08

June 27, 2008

HOME SALES
A total of 12,175 existing single-family homes sold in May, up 8.7 percent over the previous month when 11,200 homes changed hands statewide, according to FAR. Existing condo sales statewide rose 3 percent, with a total of 4,018 units sold in May compared with 3,900 condos in April.
In Naples during the month of May [...]

Read the full article →

← Previous Entries

Next Entries →