Wednesday, March 28, 2007

Property Tax Info

The Florida Senate has said little about property tax reform so far; but yesterday, Democrats released a wide-ranging plan that would cut property taxes for most homeowners. However, longtime homeowners, who already pay reduced taxes thanks to the Save Our Homes amendment, would pay more.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-032807.cfm

Sunday, March 11, 2007

UF study: The price is right, so buy now

Hopeful homebuyers in Florida should act now: The price is right as the state’s single-family residential housing market bottoms out, according to a University of Florida study released today.
“If you’re thinking of buying a house, there’s probably not much to be gained by holding out at this point,” says Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies. “It doesn’t look like prices are going to fall anymore.”
The quarterly survey of experts in the real estate industry completed in January shows that the share of respondents observing a drop in single-family housing prices has dipped, while a growing number find prices staying even with inflation, Archer says.