As many of you may have heard, the Fed (Federal Open Market Committee or FOMC) met on Sep 17 to consider raising the Federal Funds rate from 0% to .25%. The Federal Funds rate is the interest rate that banks can borrow funds from the Federal Reserve and is an [indirect] Continue Reading
Archives for September 2015
Our Tax Dollars Hard At Work – Another $39.2M Down The Drain
Have you heard of the Fair Housing Initiatives Program (FHIP)? HUD (Department of Housing and Urban Development) is allocating $39.2 million to battle housing discrimination. I'm serious as can be...check out the link! Our country is almost $19T in debt ($155k per tax Continue Reading
Your Windstorm Insurance Carrier May Soon Change
As most Florida homeowners are painfully aware, although there is no Florida state income tax, the high cost of insurances can be a deal-breaker for many would-be homeowners. In Key West, one out every three purchases is cash. However, for the other two-thirds, the Continue Reading
Four Florida Cities Top RealtyTrac’s List Of Underwater Homes
RealtyTrac, a firm that specializes in tracking foreclosures and pre-foreclosures just released its list Q2 2015 list of cities with the highest number of “Seriously Underwater” homes. “Seriously Underwater”, as defined by RealtyTrac, is when the outstanding mortgage is 25% Continue Reading
