The U.S. Senate has passed a bipartisan housing stimulus bill that “is a big step toward helping people buy and keep their homes,” said National Association of Realtors® President Dick Gaylord. The Senate action moves a housing stimulus package closer to law, which would help bring stability to the housing market and stop the rising rate of foreclosures.
“We are eager for the House and Senate to come together to finalize an aggressive bill that will ensure that every American who can afford to own a home and wants to do so will have the opportunity, and that every American who responsibly owns a home is able to keep it,” said Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif.
NAR has expressed ongoing support for many of the provisions in the legislation, including Federal Housing Administration Modernization that will simplify and make FHA-backed mortgages more available, a tax credit for first-time home buyers, reform of government-sponsored enterprises Fannie Mae and Freddie Mac, permanent increases to both GSE and FHA loan limits, and a program to expand FHA that would allow more mortgages to be refinanced.
“The tax credit for first-time home buyers would be a strong stimulus to a weak housing market, and FHA stabilization should help thousands of families refinance existing mortgages and in many cases keep their homes,” said Gaylord.
Source Realtor.org
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Thursday, July 24, 2008
Wednesday, July 9, 2008
Naples Heritage - June 2008 Pending & Closed Sale Report
31 Active
1 Pending
1 Closed
Source: Sunshine MLS, Inc.
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1 Pending
1 Closed
Source: Sunshine MLS, Inc.
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Sarah@SarahHoag.com
Tuesday, June 24, 2008
Naples manager meets with Antaramian to discuss 22-acre purchase
The ball is rolling.
Naples City Manager Bill Moss told a group of public relations and marketing professionals Thursday that he met with local developer Jack Antaramian earlier that morning to discuss purchasing the 22 acres of land on Goodlette-Frank Road and Fifth Avenue South.
Antaramian was planning to build a mixed-use community called Renaissance Village on the property. While the property is not currently on the market, Antaramian has authorized his staff to look into the possibility of selling “all or a substantial part of the 22 acres which comprise Renaissance Village to the city of Naples for fair market value,” according to an e-mail sent to Naples City Council on Wednesday from John Passidomo, Antaramian’s attorney.
Moss told members of the Public Relations, Marketing and Advertising Professionals of Collier County that opportunities like this rarely come along.
“Let’s keep watching this,” he said.
Naples Mayor Bill Barnett spoke to Antaramian two months ago about whether the city could purchase the 22-acre property. He said he later spoke to Passidomo, who told Barnett he would discuss the possibility with Antaramian.
Around the same time, Councilwoman Teresa Heitmann said she was approached by several community members who asked whether the city was considering buying the property.
The property has an appraised taxable value of $17.9 million. Antaramian Development purchased the 15.7-acre property at Grand Central Station from the NCH Healthcare System for $25 million in spring 2005, and added adjacent parcels to complete the project’s 22 acres.
The city would need to put the request to buy the property to voters. A referendum is necessary any time a bond is needed that would be paid back with a property tax.
Council would need to make a decision about whether to pursue the purchase by Aug. 26 to get the issue on the November ballot.
Moss said Thursday he doesn’t think any decisions will be made in time to get the issue on the November ballot.
Source: Naplesnews.com
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Naples City Manager Bill Moss told a group of public relations and marketing professionals Thursday that he met with local developer Jack Antaramian earlier that morning to discuss purchasing the 22 acres of land on Goodlette-Frank Road and Fifth Avenue South.
Antaramian was planning to build a mixed-use community called Renaissance Village on the property. While the property is not currently on the market, Antaramian has authorized his staff to look into the possibility of selling “all or a substantial part of the 22 acres which comprise Renaissance Village to the city of Naples for fair market value,” according to an e-mail sent to Naples City Council on Wednesday from John Passidomo, Antaramian’s attorney.
Moss told members of the Public Relations, Marketing and Advertising Professionals of Collier County that opportunities like this rarely come along.
“Let’s keep watching this,” he said.
Naples Mayor Bill Barnett spoke to Antaramian two months ago about whether the city could purchase the 22-acre property. He said he later spoke to Passidomo, who told Barnett he would discuss the possibility with Antaramian.
Around the same time, Councilwoman Teresa Heitmann said she was approached by several community members who asked whether the city was considering buying the property.
The property has an appraised taxable value of $17.9 million. Antaramian Development purchased the 15.7-acre property at Grand Central Station from the NCH Healthcare System for $25 million in spring 2005, and added adjacent parcels to complete the project’s 22 acres.
The city would need to put the request to buy the property to voters. A referendum is necessary any time a bond is needed that would be paid back with a property tax.
Council would need to make a decision about whether to pursue the purchase by Aug. 26 to get the issue on the November ballot.
Moss said Thursday he doesn’t think any decisions will be made in time to get the issue on the November ballot.
Source: Naplesnews.com
View Naples Heritage Golf Course Homes for Sale
Contact Sarah Hoag Naples Heritage Golf Course Real Estate Specialist
Sarah@SarahHoag.com
Friday, June 13, 2008
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