Naples Real Estate News 05/19/08
HOMEOWNERS INSURANCE
The surcharge Floridians pay to the Florida Hurricane Catastrophe Fund through their insurance policies is not enough, according to officials, and the state’s catastrophe fund needs more money to pay claims from past hurricanes.
INTERNATIONAL
Many international homebuyers consider this the perfect time to buy a South Florida condo and wait out the housing slump, because they think the region remains a powerful long-term draw. Figures suggest that activity is picking up as prices fall, and it could get even busier, analysts say.
International homebuyers should learn about how real estate is transacted, what the responsibilities of the real estate agent are, as well as, difference between a real estate agent and a REALTOR. The time spent discussing the aforementioned aspects will lead to a better purchase and a smooth easy real estate transaction.
ECONOMY
First the good news: The worst of the painful housing slump and the credit crunch may come to an end this year, according to the National Association for Business Economics. Now the bad: NABE also says the U.S. economy will weaken further and unemployment will rise; but a recession, if there is one, will be short and shallow.
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