Who Owns the Mineral Rights under your Home?

October 16, 2013 When Robert and Julie Davidson paid $255,385 in 2011 for their house at the Valencia Golf and Country Club in Naples, Florida, they didn’t know that they had, in essence, bought only from the ground up, and that their homebuilder, D.R. Horton, had kept everything underneath, says Reuters. In golf clubs, gated…

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Fla.’s housing market continues upswing in 3Q 2013

ORLANDO, Fla. – Nov. 6, 2013 – Florida’s housing market continued to improve in third quarter 2013 with more closed sales, higher median prices, more pending sales and a stabilizing supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®. “Data from the…

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House-Senate plan could delay flood ins. increase

WASHINGTON – Oct. 29, 2013 – A bipartisan group of lawmakers in the U.S. House and Senate, including Florida Sen. Bill Nelson, announced an agreement to delay flood insurance rate increases under the National Flood Insurance Program (NFIP). The bill – The Homeowner Flood Insurance Affordability Act – will be introduced today. Important note, however:…

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Closed Home Sales Up 22% in Third Quarter of 2013

Closed Home Sales Up 22 Percent in Third Quarter 2013    Naples, Fla. (October 18, 2013) – The Naples area real estate market is outperforming last year’s third quarter activity as shown by three key real estate market indicators: sales, median closed price and inventory.The key indicators signal that the uptrend in the real estate market…

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FAQs for Biggert-Waters Flood Insurance Reform

TALLAHASSEE, Fla. – Oct. 7, 2013 – Homeowners hit with substantial increases in their flood insurance as a result of recent changes in the federal program should do their homework, experts say, because there may be ways to lower their bills. “A lot of people don’t know the flood map is not set in stone,”…

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Alex Rodriguez buys Miami Condo

With a 211-game suspension and the possibility, it appears, of his major league career coming to a premature end,  Alex Rodriguez has embraced a more frugal lifestyle. The embattled New York Yankees slugger recently purchased a new high-rise condo in South Beach. However, it is not quite what we have come to expect of baseball’s richest player.  A-Rod shelled out only…

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Miami’s Famous Versace Mansion Just Sold for a Bargain $41.5 Million!

After more than a year on the real estate market, Miami’s Versace Mansion finally sold for $41.5 million in a closed-door auction today. For those keeping score, that’s an $83.5 million discount from the home’s original $125 million listing price. The infamous property was bought today by the Nakash family, owners of iconic ’80s denim brand…

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