HOUSING MARKET UPDATE

Only weeks after Florida voters passed Amendment 1 in late January, Florida Realtors have noted signs of increased interest from potential homebuyers heartened by the measure's property tax relief benefits, especially the portability provision. Says 2008 FAR President Chuck Bonfiglio, "That's encouraging news, and the ink on this new law has barely had time to dry."

Sundays at Polo

Last Sunday had a mixture of rain and sunny moments, but did little to damper the spirits of all in attendance at the Grand Marquee Tent at the Palm Beach International Polo Club. While enjoying a beautiful buffet, passed appetizers and never ending cocktails the guests were happy to watch the match and learn about the sponsors. We had great conversations regarding our exclusive listing Trump Tower Palm Beach. We still have a few more Sundays to enjoy thanks to Ronnie Write and Platemate. Contact us to see if we can get you complimentary VIP admittance. -----Trump Tower Palm Beach is a pre-construction, 23-story, 150-unit super luxury condominium with a white-sand private beach, infinity-edge swimming pool, world-class spa and private marina. The property is located 1.5 miles from the Palm Beach Inlet with no bridges, and is adjacent to the Rybovich Marina mega-yacht facility. Prices are suprisingly affordable.

PALM BEACH — Housing slowdown? What housing slowdown?

Palm Beach Post Article 2-28-2008: The median price of a single-family home sold in Palm Beach in 2007 rose to $3.5 million, up 13 percent from 2006's median $3.1 million price tag, according to The Evans Report, a closely watched study by Palm Beach real estate attorney Leslie Evans. The median price of a condo in Palm Beach, meantime, rose 8 percent to $825,000 in 2007. The biggest home sale in 2007 was the $31.9 million that Miami Dolphins co-owner Stephen Ross paid for 702 N. County Road. There's no sign that Palm Beach's housing market is slowing.

The Solution Company

Preferred Property Finder is the boutique real estate agency that Luxury Waterfront Condo developers are looking to, to help them find buyers in this new state of the South Florida real estate market. Made up of long time business and sales executives the company is the right fit for these developers' second phase of marketing and selling. Preferred Property Finder is pleased to announce its relationship with Cielo on the Bay and developer Mario Egozi. Cielo is an unique, upscale addition to Harbor Island in North Bay Village. Egozi, along with Luis Revuelta, architect and Weintraub Companies, contractor are building an extraordinary 36-unit oasis. Each home is designed to optimize natural light with expansive flow-through floor plans and panoramic wide bay views. With private elevator entries, ultra european kitchens, secure covered parking, roof-top pool, spa and gym, and private marina Cielo is the perfect answer to owning a private exceptional piece of South Florida. And now is the perfect time to take advantage of the current real estate market.

Property Tax Reform

The Florida House passed a bipartisan property tax reform package yesterday by a 108-2 vote that addresses many issues important to Florida Realtors. It now goes to the Senate for consideration.

SUBPRIME HELP

A bill was introduced in the U.S. House yesterday designed to lessen problems within the mortgage industry. The legislation aims to prod states into enacting stronger mortgage regulations and sets up federal-level regulations if they don’t do so.

For Most Buyers, the Mortgage Market Is Healthy

The widespread notion that the entire mortgage market is in crisis is just plain wrong, say lenders in various parts of the country. The majority of mortgage products have been unaffected by troubles in the subprime segment. Interest rates for 30-year, fixed-rated loans remain in the low 6 percent range for people with reasonably good, though not necessarily perfect, credit records, according Kenneth R. Harney, managing director of the National Real Estate Development Center and syndicated columnist. Source: The Washington Post Writers Group, Kenneth R. Harney (09/29/2007)