REAL ESTATE TAXES – The Florida Supreme Court on Tuesday asked a lower circuit court to consider a Broward mayor’s petition to block the proposed property tax reform constitutional amendment from going on the Jan. 29 ballot. The petition argues that the language is misleading and improperly scheduled for a vote, among other flaws.
HOUSING FORECAST – The National Association of Realtors issued its latest forecast: A pickup in existing home sales by the end of 2007 with a recovery in 2008. A rebound in new home sales, according to the forecast, will shadow the resale industry, with a turnaround in 2008. Median existing home prices should drop 1.4 percent in 2007 and rise 1.8 percent in 2008.
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