More investors should consider 1031 Exchange

SAN FRANCISCO – Nov. 13, 2013 – Before the property investment deal is sealed, a seller should ask himself one important question: Do I know if I’ll owe taxes on the sale of the property, even if I’m taking a loss on it? That question might be key to avoiding a common misconception: no profit…

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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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Floridians’ Confidence in Economy Unchanged in August

GAINESVILLE, Fla. – Aug. 28, 2013 – Florida’s consumer confidence level was unchanged in August, matching July’s revised reading of 77, according to a University of Florida (UF) survey. Three of the five categories in the August survey declined, while two increased. Respondents’ perceptions of whether they are in better financial shape now than they…

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