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Naples Florida Real Estate News - 11/14/07
REAL ESTATE TAXES - Now it’s the voters’ turn: Gov. Charlie Crist on Tuesday signed into law a bill that would implement real estate tax cuts, providing voters approve the proposed constitutional amendment in January.
PENDING HOME SALES - A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides, according to National Association of Realtor’s latest forecast. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 0.2 percent. It will be interesting when I have the pending sales for October for the Naples, Bonita Springs, and Estero areas with comparative data for previous years.
COMMERCIAL REAL ESTATE - National Association of Realtors announced the results of a commercial real estate survey yesterday, noting that practitioners “make big money.” The findings revealed that 18 percent earned $250,000 or more; 33 percent earned between $100,000 and $250,000; and 24 percent earned between $50,000 and $100,000.
FORECLOSURES - U.S. homeowners increasingly have trouble making their mortgage payments on time, but borrowers in metro areas of Florida, California and other once-booming housing markets account for the biggest spikes in foreclosure filings, according to RealtyTrac Inc.
PROPERTY MANAGEMENT The Federal Communications Commission on Tuesday issued a final order that effectively ends deals that make only one cable television company the exclusive provider for private developments, including “gated communities, mobile home parks, garden apartments and other centrally managed residential real estate developments.” The rule affects 30 percent of Americans. If your Naples, Bonita Springs or Estero homeowners association has a bulk cable contract, this maybe good news for you.
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