Metas
Florida Real Estate News - 05/11/07
FLORIDA PROPERTY TAXES
In an opinion piece published today in The Orlando Sentinel, Florida House Speaker Marco Rubio signaled a shift in the House’s approach to property tax reform, introducing the concept of taxing a home based on its value. In an example, he says that 80 percent of a home’s value up to $300,000 could be shielded from property taxes, giving workforce housing the maximum deduction. High-end homes would enjoy the same exemption on the first $300,000 but pay a higher percentage for home values over that amount.
MORTGAGE RATES
For the third week out of the past four, rates on 30-year mortgages edged lower to an average of 6.15 percent, reflecting further evidence that slower economic growth will help keep inflation in check, according to Freddie Mac’s weekly nationwide survey.
MARKETING
In the current soft real estate market, more builders are luring prospective buyers by agreeing to buy their current home, if that buyer purchases one of the builder’s homes sitting unsold in backlogged inventory.
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