Naples Real Estate News - 06/27/07
REAL ESTATE TAXES - Wait until voters have a chance to approve or reject the current real estate tax proposal, Allan Bense urged colleagues on the Taxation and Budget Reform Commission that met yesterday. If that proposal fails, the commission has the power to put another plan before voters as early as November 2008.
Lately, it is becoming evident that legislative persons are not willing to grab an issue and find a resolution. Legislative officials need to take a stand rather than just take a proposal to the people. Guess it is why they are politicians!
HOMEOWNERS INSURANCE - How do homeowners insurance rates compare in your county? Homeowners and buyers can now find comparison info on a state-run Web site, which creates a fictional house and then shows how much it would cost to insure, by company and county, based on rate filings submitted to the Florida Office of Insurance Regulation.
The web site is “Shop and Compare Rates” – www.ShopAndCompareRates.com
If you are thinking about buying Naples real estate, Bonita Springs real estate, or Estero real estate - you might want to bookmark the "Shop and Compare Rates" web site. I plan on bookmarking it myself.
FLORIDA CONSUMER CONFIDENCE - Consumer confidence in Florida rose one point to 83 in June, one month after dropping to its lowest level in 19 months, according to UF economists. Florida residents are more optimistic about future economic conditions, the latest survey finds.
NATIONAL DISASTER INSURANCE - Florida Senator Bill Nelson’s proposal to create a commission to study national disaster insurance seems to be in limbo. A frustrated Nelson says the idea of a commission is the “only viable option” to get the Senate to start dealing with the costs of homeowners insurance in Florida and other disaster-prone areas.
AFFORDABLE HOUSING - To help address the need for affordable housing for people of all income levels throughout the Sunshine State, the Wachovia Foundation is giving $500,000 to UF for a three-year research project. UF plans to create a software model that helps communities evaluate and rank areas identified as suitable for affordable housing.
Will be interesting to see how the Naples, Bonita Springs and Estero real estate markets can locate areas for affordable housing.
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