Real Estate News - 02/20/07

FLORIDA HOMEOWNERS INSURANCE

Insurance companies on Monday dropped a court challenge to a new state rule preventing them from immediately canceling some homeowners’ policies or raising rates. Why? Because the Florida Office of Insurance Regulation now says that companies can proceed with plans not to renew policies for customers who had already been notified they were being dropped.

FLORIDA ENVIRONMENT PRESERVATION

Florida’s land conservation program is a model envied by many states, with more than 2.2 million acres purchased and preserved by state and local governments since 1991. Still, about 1 acre is preserved for every 5 acres that are developed, according to one nonprofit conservation group.

HOME AFFORDABILITY

Higher property taxes, insurance premiums and housing costs appear to be impacting schools across the state. Florida officials expected school enrollment to rise by more than 48,000 students last fall, but only 477 additional children enrolled and school superintendents pointed to housing affordability issues as a major factor.  One day I hope to write about my thoughts of home affordability.

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