Tampa Bay Foreclosure Update Report

Tampa, Fl. December 19, 2007
A surprising new monthly report suggests that U.S. home foreclosures declined 10 percent in November. “This could indicate that foreclosure activity has topped out for the year,” says RealtyTrac Chief Executive Officer James Saccacio. But “the true test of whether this ceiling will hold will come at the beginning of next year.” Florida, with one filing for every 282 households, ranked second nationwide.

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-121907.cfm

Florida Property Insurance Update

Tampa, Fl November 4, 2007
Many Florida homeowners are starting to see more options when it comes to property insurance coverage. Since January, eight insurers have received approval from the state Office of Insurance Regulation to cover Florida homes, with another three companies waiting for the go-ahead.

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n4-120307.cfm

Florida Prpperty Tax Reform Report

Tampa, Fl November 4, 2007
The tax swap may be back. A panel of the Taxation and Budget Reform Commission, a group with the power to put an amendment directly on the November 2008 ballot, is considering a plan to reduce homestead property taxes and cap non-homestead property taxes with a temporary increase in the sales tax. FAR President Nancy Riley serves on the commission.

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-113007.cfm

Florida Homes Sales Report

Tampa, Fl December 4, 2007
Disruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-112807.cfm