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| Florida insurance discount possible
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| There is growing awareness of a rule adopted by the Florida Financial Services Commission a few years ago that requires insurance companies to offer Florida homeowners a break in rates when an inspection finds windstorm protection products were installed in the home. Conventional wisdom says most insurance companies assume your home is in the worst possible condition and base your rate on that assumption. Proving otherwise leads to decreases in premiums under the rule.
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| @ Sarasota Herald Tribune | Posted: 04/27/09 at 0400 EDST
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| New homes on Polk side of Poinciana in Orlando now start at $76 a square foot
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| Prices for new, single-family homes in the Orlando area hit an apparent new low last week as Avatar Properties Inc. introduced a series of three- and four-bedroom floor plans starting at $77,800 in an effort to compete amid one of the region's hardest-hit areas for foreclosures — Poinciana. Two years ago, the asking price for the same model house was about $120,000, according to Avatar sales agents in the Villages of Poinciana, in Polk County. The entry-level price includes 1,015 square feet of space — that's $76 a square foot — and a two-car garage on an 80-foot-wide lot.
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| @ Orlando Sentinel | Posted: 04/27/09 at 0415 EDST
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| Florida businesses jump on gas, oil drilling
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| Business trade associations are jumping on the legislative effort to open oil drilling and exploration off the Gulf Coast.
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| @ Bradenton Herald | Posted: 04/27/09 at 0419 EDST
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| Home sales in Chicago area start to show more signs of life
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| Optimism grows as sales increase slightly, median price up from previous month
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| @ Chicago Tribune | Posted: 04/27/09 at 0320 EDST
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| Decatur housing market offers many opportunities
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| A survey of the local housing scene after the apocalypse in values engulfing the national real estate market does reveal a changed landscape. On the one hand, it's tougher to get qualified for loans, but rock-bottom interest rates plus tax breaks reward those with sterling credit. And while fewer homes are selling, on average, in a local economy battered by some serious job losses, houses are spending less time on the market compared to this time a year ago and often sell for much higher prices.
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| @ Decatur Herald & Review | Posted: 04/27/09 at 0330 EDST
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| Foreclosure regulations for tenants vary with circumstances
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| Tenants of properties that are foreclosed on generally have at least seven months – and probably longer – before they might have to move, in the Champaign, Il area
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| @ Champaign Urbana News Gazette | Posted: 04/27/09 at 0345 EDST
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| Busting Bank of America
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| A case study in how to spread systemic financial risk. The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse.
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| @ Wall Street Journal | Posted: 04/27/09 at 0201 EDST
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| U.S. Forced Bank of America Board To Carry Out Merrill Deal
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| Federal Reserve Chairman Ben S. Bernanke and former Treasury secretary Henry M. Paulson Jr. threatened to remove the management and board of Bank of America if it backed out of its deal to acquire ailing investment house Merrill Lynch late last year, according to documents released yesterday by New York Attorney General Andrew M. Cuomo.
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| @ Washington Post | Posted: 04/27/09 at 0315 EDST
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| Londoners Look for Exits After ‘Last Straw’ Tax Increase
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| Prime Minister Gordon Brown’s proposal to boost the tax rate to 50 percent from 40 percent on income above 150,000 pounds ($220,000) pushed headlines about “class warfare” onto the front pages of the capital’s newspapers. It also prompted predictions from business groups that it would undermine the U.K.’s competitiveness and lead to an exodus of financial talent. Brown was portrayed as Vladimir Lenin in a cartoon on Page One of the Daily Telegraph.
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| @ Bloomberg News | Posted: 04/27/09 at 0646 EDST
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| UK Treasury suggests rich will dodge tax
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| Leading business figures on Sunday rounded on Alistair Darling over the new 50p top rate of tax introduced in last week’s Budget, as it emerged that the Treasury’s own models suggested 69 per cent of those affected by the new rate would avoid or evade paying some of it. Entrepreneurs have added their voices to claims the new tax rate sent a damaging signal that could lead to an exodus of talent from Britain.
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| @ Financial Times - UK | Posted: 04/27/09 at 0652 EDST
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| In Toronto "To buy or not to buy . . ."
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| With interest rates at the lowest they've been in more than 50 years and with home and condo prices in decline for the first time since 1996, many potential first-time buyers are viewing this as their best chance to buy into an otherwise unaffordable market.
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| @ Toronto Star | Posted: 04/27/09 at 0655 EDST
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