interest rates: Are Florida's property tax changes enough to help Economy?
- 02/06/08 12:01 PM
Will lower property taxes be enough to get people to buy homes in South Florida? It may have helped 18 months ago but many other factors in home buying decision making have changed for the worse. And these property tax reforms only affect homesteaded properties which according to the City of Delray Beach website almost 45% of homes in Delray Beach do not even qualify for the homestead exemption. The insurance rates are still too high and property values still are considered too high. Even with lower property taxes and lower mortgage interest rates, people may not want to get locked … (5 comments)
interest rates: Convicing clients that now is the time to buy
- 01/01/08 02:30 PM
What is the best way to convince a buyer that now is the right time to buy a home in South Florida? In a new article in the Palm Beach Post, the Florida Association of Realtors said Monday that Palm Beach County's median price for homes sold in November was $345,700, down 7 percent from $370,400 a year ago. As honest REALTORS® we are obligated to tell them these statistics. With stories like this in the news and others that predict that the housing market in Southeast Florida will not recover until 2009, buyers still want to play the waiting game. … (0 comments)
Will lower property taxes be enough to get people to buy homes in South Florida? It may have helped 18 months ago but many other factors in home buying decision making have changed for the worse. And these property tax reforms only affect homesteaded properties which according to the City of Delray Beach website almost 45% of homes in Delray Beach do not even qualify for the homestead exemption. The insurance rates are still too high and property values still are considered too high. Even with lower property taxes and lower mortgage interest rates, people may not want to get locked … (5 comments)
;)
;)
