Naples Real Estate News - 06/21/07
FLORIDA REAL ESTATE TAXES - The first phase of real estate tax reform crafted during the Florida Legislature’s special session is now law after Gov. Charlie Crist signed it on June 21st. The first phase offers savings of about 6 or 7 percent to all property owners, both homesteads, second homes and commercial property.
NATIONAL REAL ESTATE MARKET - Blue skies ahead? U.S. Treasury Secretary Henry Paulson said yesterday that the real estate market’s major slump is nearing an and should not have a significant impact on the overall economy.
SUBPRIME MORTGAGES - Many subprime mortgage borrowers these days are more likely to pay their mortgage late than their credit card, according to a new study from Experian Group. Why? Most put down small or zero downpayments, so they may not be as worried because they don’t have much to lose.
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