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Wednesday, October 7, 2009

10/07/2009 EarlyBird News

---------- Forwarded message ----------
From: Florida Realtors <earlybird@email.floridarealtors.org>
Date: Wed, Oct 7, 2009 at 3:06 PM
Subject: 10/07/2009 EarlyBird News
To: john@johnjrose.com


EarlyBird News

Daily Briefing: Wednesday, October 7, 2009
A service for members of Florida Realtors®

TODAY'S TOP STORIES

Court rules against short-sale commission cut

A new quasi-federal rule forbids some commission cuts in a short sale; separately, an Iowa court opposed last-minute cuts. Read more.

Fla. DCA: Local cities keep growth rules

In Senate testimony, DCA chief Tom Pelham said a Fla. law does not override local growth management laws. Read more.

Recession takes $730M of local tax revenues

The decline in property values continues to impact local governments; 2/3s of counties report lower tax collections. Read more.

Fla. panel seeks answers on rates, solvency

The state's insurance commissioner testifies some companies would go out of business after a major hurricane strike. Read more.

Private investors dominate foreclosure market

A federal program to acquire vacant property for rehab has a problem: Investors shut it out by buying the discounted homes first. Read more.

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NOW YOU KNOW

Americans on the move choose college towns

Four Fla. cities made a list of top cities in number of new residents - Cape Coral, Lakeland, Palm Bay and Bradenton. Read more.

AROUND FLORIDA

Sarasota County: State voices concern with Villages impact
Venice: Housing permits at rock bottom
Delray Beach: City to build affordable housing

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