Metas
Naples Real Estate News 02/15/07
HOME SALES
Florida’s housing sector continued to mirror the national trend in fourth quarter 2006, reflecting slower sales and stabilizing median prices in many markets. A total of 37,177 existing single-family homes sold statewide during the quarter, down 28 percent from a year earlier, while the statewide median sales price was $242,100.
CITIZENS PROPERTY INSURANCE
Citizens Property Insurance Corp., the state-sponsored insurer, plans to send refund checks to all of its 1.3 million policyholders around April 15, one of several price reductions that customers will receive during the next few months as a result of the Legislature’s insurance reform package.
INSURANCE REGULATION
Florida Chief Financial Officer Alex Sink yesterday announced the name of Florida’s new Insurance Consumer Advocate — former Comptroller Bob Milligan. In addition to overseeing property insurance problems, Milligan is charged with finding new solutions to other insurance problems, including the inability of many Floridians, and notably Realtors, to find available, affordable health insurance.
PROPERTY INSURANCE
Florida isn’t alone in its uneasy relationship with property insurers. State Farm announced yesterday that it would not write new policies in Mississippi because it has had enough of the "untenable" legal and political climate. In Florida, several insurers have already done the same thing.
TRENDS
Looking for an investment house that will be popular for resale in 2015? According to an NAHB study, homes will change more rapidly over the next 10 years than they have in the past; but look for about 2,400 square feet, handicapped access, upscale bathrooms and kitchens, and a great garage.
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