Beautiful South Florida Beaches
Real Estate News
1. Looking for a home in Florida? The courts have upheld Florida homeowner tax breaks.
2. The state has also been proactive in reassessing properties to the current market value, which has led to many homeowners getting a break in this recession.
3. Distressed sales remain a concern, as foreclosures hit people with good credit due to loss of employment. The good news is that interest rates remain below 5%.
4. Foreclosures are hitting more people with good credit due to the rise in unemployment. This week the unemployment rate reached 11.2% only .5% lower than the highest rate in May of 1975 of 11.9%
This sounds like doom and gloom, but as with every negative situation the person who sees the glass half full and not half empty will make the most of the situation and turn the negative into a positive.