Blog
Stay Updated, Stay Ahead with iBlog
What’s Up with Real Estate?
National Real Estate News A cruel October Average 30-yr mortgage rates have jumped 75 basis points (0.75%) over the last month and are approaching 7% again. All this despite the Fed cutting rates by 50 basis points (0.50%) on September 18. While the much stronger than expected Sept jobs report started the sell-off in bond prices, lately the concerns have focused on the USA’s rising debt levels. [Source: Mortgage News Daily] Sales stuck at low levels Despite mortgage rates that had been declining for the four preceding months, existing home sales in September failed to revive, falling 1% month-over-month to…
Property Tax Discounts for the Elderly and Disabled in Florida
The Florida homestead property tax exemption is a widely used method to lower property tax bills. While it is not exclusive to the elderly or disabled, it is still worth highlighting due to its significance. Other potential discounts are available to Floridians who have this initial homestead exemption. If you own your primary residence valued at $75,000.00 or more, you are eligible for a homestead exemption of $50,000.00 for the year if you were residing in the property as of January 1st of that year. To apply, you will need a Florida Drivers License or State ID reflecting the property…