Metas
Naples Florida Real Estate News - 07/27/07
More news from a national perspective than about the Naples real estate market, but it can be positive in the long run for the local real estate market.
ECONOMY - Could housing woes affect the stock market and U.S. economy? Investor worries about depressed home sales and the U.S. lending market led to a 430-point drop in the Dow on July 26th. But there’s a bright side: Worries could help keep mortgage rates low encouraging more buyers to enter the market.
DISASTER INSURANCE - A Democratic bill in the U.S. House has the potential to dramatically change the Florida property insurance market by offering windstorm coverage through the national flood insurance program. It has strong support from the House Speaker but not all lawmakers favor the change.
MORTGAGE RATES - Rates on 30-year mortgages dipped slightly this week to an average 6.69 percent following several reports on housing.
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