Naples Real Estate News - 11/27/07
HOW’S FLORIDA DOING? Gov. Charlie Crist promised to make Florida government more accessible to the public, and a new Web site seems to do just that. Florida Performs compiles data from a variety of sources and provides a synopsis of Florida’s current state of affairs. And it appears to be balanced, citing the bad news as well as the good. Under health it notes that the state ranks 47th out of 50 for access to services; and under housing, it calls the current situation “worsening” in a sector that is “a key indicator of the state’s economy as a whole.” The site explains the importance of each issue and what, if anything, state government can do about it. Have an opinion? Visitors also can e-mail the governor and tell him what they think. To see Florida Performs, go to: http://www.floridaperforms.com
HOMEOWNERS INSURANCE- More than 13,000 homeowners have used the state’smediation program to deal with disputed property insurance claims and 400 to 500new claims come in each month. State officials now say they’ll consider ways tomake the system more efficient.
ECONOMY - Everything will be okay: Rising foreclosures will lead to billions of dollars in lost economic activity next year in major U.S. cities, but homeowners and financial institutions have the ability to contain the effects, according to a report released today.
The report suggests that homeowners, banks, holders of mortgage-backed securities and loan servicers can work together to ease the economic effects. Agreeing to new payment terms on some loans, for example, could make the difference between a family keeping a home and losing it in foreclosure.
CONSUMER CONFIDENCE - American consumers became more pessimistic about the economy in November, sending a widely watched barometer of confidence 8 points lower to its weakest level in two years.
RELOCATION - According to the Employee Relocation Council, employee relocation costs rose to $62,000 this year, with $15,000 of that amount a loss from the sale of a home. As a result, many employers now offer greater relocation help.
INTERNATIONAL - A housing-market meltdown may be wracking the U.S. economy and shaking the financial markets, but in Asia, the question is how to cool things down.
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