Naples Florida Real Estate News - 10/16/07
REAL ESTATE TAXES - Voters would be asked to approve a wide-ranging plan to lower real estate taxes under a proposed ballot measure approved Monday by a state House committee. The plan would double how much value is exempt from non-school taxes for many homeowners and provide some real estate tax breaks for people who move. The full Legislature could vote on the plan this week.
SUBPRIME LOANS - An analysis of more than 130 million home loans made over the past decade reveals that risky mortgages were made to all income levels in nearly every corner of the nation, from small towns in the middle of nowhere to inner cities to affluent suburbs.
HOME PRICES - U.S. housing prices will continue to decline at least through the end of next year and may not begin creeping upward again until 2010, executives from the biggest mortgage lenders said Monday at the Mortgage Bankers Association’s annual convention. However, real estate is local and if you are considering purchasing either a new home or condominium in Naples, Bonita Springs, or Estero, you should continually review the market update reports found within this blog.
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