Vero Beach Real Estate

Jeremy Siegel, a professor of finance at Wharton and author of The Future for Investors, was recently asked to analyze the Fed’s decision to cut short-term interest rates by a quarter percent or 25 basis points. The Fed cut its main short-term rate target to 4.25% and the “discount rate” charged on direct Fed loans [...]

[Read more →]

Foreign investment in real estate - particularly in Florida and top destinations like Vero Beach - is likely to pick up.

[Read more →]

Early this summer, lawmakers passed landmark legislation to create the largest tax cut in Florida’s history. What passed was a two part process that put the people in control:

Step one was a law that required local governments to roll-back taxes this year, and then to grow at a responsible rate in the future.
Step two is [...]

[Read more →]

Some of Florida’s top real estate brokers and members of the Florida Association of Realtors (FAR) joined Gov. Charlie Crist in Tallahassee last week as a show of support for the property tax relief constitutional amendment voters will consider during the state’s primary election on January 29.

[Read more →]

The Federal Reserve cut a key interest rate by one-quarter of a percentage point Tuesday, trying to keep the country out of recession.
The reduction in the federal funds rate to 4.25 percent marked the third rate cut in the past three months. Fed officials signaled that further cuts were possible if a severe downturn in [...]

[Read more →]

South Florida won’t get a big boost from President Bush’s plan to freeze interest rates for homeowners nationwide who are bracing for sharp increases in their adjustable-rate mortgages, analysts say.
What’s more, Bush’s proposal is focused on preventing a national foreclosure crisis and not meant to aid individual states, such as Florida and California, that are [...]

[Read more →]

Rates on 30-year mortgages fell sharply again this week, dropping to the lowest level in more than two years.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.96 percent. That was down from 6.10 percent last week and was the lowest rate since the week of Sept. 29, 2005, when they averaged [...]

[Read more →]