- National Association of Realltor’s 2011 Profile of International Home Buying Activity reports that foreigners view U.S. properties as a secure investment, one that provides rental and long-term appreciation possibilities.
- Homes in this country are less expensive than comparable foreign properties.
- International purchasers buy properties for both vacation and rental purposes
West Boca Raton encompasses many newer communities on either side of State Road 7/Highway 441. With A-Rated Schools, and newer construction, many families are drawn to the area. Easy access to downtown Boca down major roads. Near Florida Turnpike with access to major airports. Realtor MARILYN JACOBS knows West Boca and can quickly sell your property and/or find you the HOME OF YOUR DREAMS!
Thursday, June 9, 2011
Wednesday, June 8, 2011
FLORIDA CFO WANTS YOUR FEEDBACK ON IMPROVING THE FLORIDA HOME INSURANCE MARKET
Dear Friend,
With the 2011 hurricane season now underway, I am hopeful that we will continue the good fortune we have experienced for the past five years.
The past two legislative sessions have shown the delicate balance needed to attract the private insurance industry back to Florida while ensuring fair and equitable rates for Floridians. These legislative reforms should signal to the insurance industry that Florida is open, competitive and ready for their business.
Attached are two recent articles regarding the need for further discussion and reforms surrounding the Florida Hurricane Catastrophe Fund and Citizens Property Insurance Company. I found them to be thought-provoking and worthy of discussion.
I look forward to your feedback on these articles and any other insurance-related topics. It is an honor to serve as your Chief Financial Officer.
Sincerely,

Jeff Atwater
Florida's Chief Financial Officer

Jeff Atwater
Florida's Chief Financial Officer
Jeff.Atwater@myfloridacfo.com
Tuesday, June 7, 2011
ACTIVE LISTINGS DWINDLE WHILE PENDINGS ARE UP
ACTIVE listings are properties
where no current sale contract
exists
PENDING sales are properties in
which a contract for sale has
been executed but not yet closed.
Sunday, May 15, 2011
SINAI RESIDENCES
NEWEST CONTINUING CARE FACILITY
IN 25 YEARS
TO OPEN IN BOCA RATON
The Jewish Federation of South Palm Beach County’s West Boca Campus, on 22 acres on the east side of the 95th Avenue South security gate, directly across from the Hillel offices will have a new complex with 232 independent living units, 60 assisted living apartments, 60 skilled nursing suites and 24 studio suites for the memory impaired. Construction is estimated to take 24 months, once those are sold and the shovels go into the ground.
Prices are estimated to be $200,000 to $400,000. ROI will be on a sliding scale. There have been “Plans in the making” for many years, due to the demand, determined by several surveys. Lifecare Services will be managing the facility.
It is anticipated that the project will project an annual cash flow of $1.5MM-$4MM. First phase of financing consisted of issuing a tax-free $9MM pre-development industrial revenue bond for preconstruction costs over a 24-36 month period. It will also fund pre-marketing, design development and other pre-development costs.
For more information contact sarahb@bocafed.org.
Wednesday, May 4, 2011
By Asher Price AMERICAN-STATESMAN STAFF
Updated: 5:38 a.m. Wednesday, May 4, 2011
Published: 9:57 p.m. Tuesday, May 3, 2011
Updated: 5:38 a.m. Wednesday, May 4, 2011
Published: 9:57 p.m. Tuesday, May 3, 2011
A demolition whiz, an expert parachutist and diver, a pilot of mini-submarines and, at one point, an aspiring journalist if Rambo were a Renaissance man, and a lot thinner and taller, he might look like Bill McRaven.
Long before he devised the strategy for how to capture or kill Osama bin Laden, McRaven began preparing for a career as a super-commando while he was an undergraduate at the University of Texas.
McRaven, 55 and now a vice admiral, had been something of a bin Laden hunter for at least a half-dozen years before successfully directing the attack Sunday as the leader of the Joint Special Operations Command.
McRaven, who hails from San Antonio, began preparing for his storied career with the Navy SEALs, the elite special operations forces, while still a member of the Reserve Officers' Training Corps at UT, from which he graduated in 1977 as a journalism major.
"He had drive," said James Gruetzner, who was in the same Navy ROTC battalion as McRaven. "He went on extraordinarily long runs to stay in shape. He was very dedicated."
McRaven grew up in a military family — his father, a former football player, had served as a pilot in World War II — and early outings as a 10-year-old to scuba dive at the YMCA put him on the Navy path, said his sister Nan McRaven, an Austin public affairs consultant who serves on the board of Austin Community College.
"He became very focused on SEAL training," said Curtis Raetz, who also was in the ROTC battalion. "He was able to lap us all no matter how hard we tried."
Students aiming to become SEALs were "fanatical" about physical training, said Greg Colchin, another member of the battalion.
"People think of it as a physical thing, but it's also a mental thing," said Nan McRaven, who said her brother has loved to read ever since their mother compelled him to recite poetry as a boy. "He's focused, and he has the humility for real leadership."
Eventually he would become a qualified diver, parachutist, demolition expert and submersible pilot. He also had smarts. He earned a master's degree in national security affairs, and in 1995, he wrote "Spec Ops: Case Studies in Special Operations Warfare Theory and Practice," in which he developed his own definition of a special operation as one "conducted by forces specially trained, equipped, and supported for a specific target whose destruction, elimination, or rescue (in the case of hostages), is a political or military imperative."
Nominating McRaven for a fourth star this year, Defense Secretary Robert Gates said the Joint Special Operations Command "ruthlessly and effectively (took) the fight to American's most dangerous and vicious enemies."
At its head was McRaven, who "is reputed to be the smartest SEAL that ever lived. He is physically tough, compassionate and can drive a knife through your ribs in a nanosecond," a former commander told Newsweek in 2004.
He also has shown a capacity for contrition. In April 2010, a couple of months after a special forces team mistakenly killed an Afghan police chief, a prosecutor and three unarmed women, McRaven pleaded for forgiveness from a local patriarch, bringing with him an offering of two sheep as part of a custom to make amends.
That followed McRaven's decision to tamp down commando raids in Afghanistan to avoid civilian deaths.
Whatever successes he achieved remained outstripped by the specter of bin Laden, whose elimination, to use McRaven's own word, remained an "imperative."
As long ago as 2004, having already commanded the team that helped capture Iraqi dictator Saddam Hussein — soldiers based at Fort Hood also were involved — he turned his attention to capturing Public Enemy No. 1.
But he was stymied until this spring, when intelligence officers determined that bin Laden was in hiding in Pakistan.
McRaven spent weeks working with the CIA on the commando operation, The New York Times has reported, coming up with three options: a helicopter assault using American commandos, a strike with B-2 bombers that would obliterate the compound or a joint raid with Pakistani intelligence operatives who would be told about the mission hours before the launch.
The decision, to swoop in with a crew of American commandos, was in keeping with McRaven's view of special operations.
In 2001 congressional testimony on military training, McRaven described the two primary missions of Navy SEALs: "Reconnaissance and what we call direct action: raids, ambushes, swimmer sneak attacks and optical clearance for amphibious landings," he said. "Most of these missions originate from the water and require us to work in small units, behind enemy lines at night, with little or no outside support."
Sunday, April 24, 2011
FLORIDA CHAMBER FOUNDATION
PLANS TO HELP GUIDE FLORIDA
TO ITS NEXT ECONOMY
The Florida Chamber Foundation will use the Six Pillars Caucus System, a qualitative research program to engage the best and brightest minds in the state, as a method of starting the first-ever statewide strategic plan to help guide Florida toward its next economy. Their plan will include an economy that offers high-wage jobs, global competitiveness and vibrant communities by 2030.
Now in its second year, construction of a plan has already begun and deliberations will be more focused in order to finalize the first draft.
Thursday, April 7, 2011
INTERESTING THINGS TO DO IN BOCA...
Art & Design Walk: 6-9 p.m. April 7 at Royal Palm Place, 308 S. Federal Highway, 561-392-8920 ext. 361.
Lladro Sculptor Event: 4-7 p.m. April 12 at Best Wishes. 2000 NE Fifth Ave., RSVP 561-392-7688.
Historic Trolley Tour: 10 a.m. April 14. Leaving from Boca Raton Historical Society, Town Hall, 71 N. Federal Highway. $30. RSVP 561-395-6766.
Historic Trolley Tour: 10 a.m. April 14. Leaving from Boca Raton Historical Society, Town Hall, 71 N. Federal Highway. $30. RSVP 561-395-6766.
Giant Flea Market: 8 a.m.-1 p.m. April 16 at Unitarian Universalist, 2601 St. Andrews Blvd., 561-482- 2001.
Boca Raton Historical Society Hotel Tour: 2 p.m. April 19 at Boca Raton Resort and Club, 501 E. Camino Real. Cost $15 with $10 valet fee. RSVP 561-395-6766.
Sunday, April 3, 2011
IN CASE YOU ARE WONDERING… HERE IS TIGER’S NEW HOME IN JUPITER
Tiger Woods’ new home in Jupiter has a 4-hole golf course and running track and overlooks the Atlantic Ocean on one side, and the Intracoastal Waterway on the other. Price ticket? $60MM.
Prior to his split with now ex-wife Ellen Nordegren, they spent many months planning every detail together. The 10,000 sq ft house is on Jupiter Island. Meant to be a family home, now it is a state-of-the-art bachelor pad. The huge master bedroom has “his-and-hers” bathrooms and there are three more bedroom suites. There is a glass-fronted elevator. Other features are a basement wine cellar, and perhaps a move theatre and game room for the Woods’ children, Sam and Charlie.
Many tall trees and high boundary walls surround the plot, giving the privacy desired, but aerial photos, which appeared on Tiger’s blog, show the compound nicely.
Four more buildings are adjoined to the main house, including a boathouse, golf training studio, stand-alone garage and huge guesthouse. There is a tennis court, gym, diving pool, lap lane, 100’ running track and a 3.5 acre 4-hole golf course. The short-game area has four greens, six sand traps with different depths and kinds of sand, a video center and putting studio.
A pair of boat docks on the Intracoastal side of the property will hold Woods’ 155 ft yacht, named Privacy.
Friday, April 1, 2011
IS THIS ANY WAY TO RUN A COMPANY? YOU BETCHA IT IS!
I rarely put an item on my blogs with just a link, but this is a "must see", just one story about a work ethic that makes America great! Watch the video!
http://www.blogsouthwest.com/video/luv-stories-unexpected-thank-you
http://www.blogsouthwest.com/video/luv-stories-unexpected-thank-you
Thursday, March 31, 2011
THERE IS MUCH VALUE IN RECENT QUOTES FROM WARREN BUFFETT
He also said that the purchase of his home was the 3rd best investment he ever made. What were numbers 1 and 2? “WEDDING RINGS.”
He cautioned not to wait too long to buy while prices are low, as market prices “WILL MOVE HIGHER, PERHAPS SUBSTANTIALLY SO, WELL BEFORE EITHER SENTIMENT OR THE ECONOMY TURNS UP.”
Wednesday, March 30, 2011
EL CID HISTORIC HOME TOUR from 2-5 pm ON APRIL 3rd
The 1925 house and gardens at the Ann Norton Sculpture Gardens, 253 Barcelona Road, West Palm Beach, listed on the National register of Historic places, is included and after the tour, come and enjoy the wine, hors d’oeuvres and live music there. This is also where the tour begins.
Homes will be examples of Mediterranean Revival and Mission Revival, built in the 1920’s, many of them renovated, some taken down to the studs and with redone foundations. Others are mostly “original”. West Palm Beach has 14 historic districts.
Parking is available at Unity of the Palm Beaches, 1957 S.Flagler Drive, West Palm Beach. Trolley is available.
Advance admission is $55; $65 the day of the tour. For information call 954-270-6081.
Monday, March 21, 2011
CENSUS: FLORIDA HAD 7TH CONSECUTIVE DECADE OF DOUBLE-DIGIT POPULATION GROWTH
Florida remains one of the top places to move to in the United States. The US population grew by 9.7%, and Sunshine State residents grew by 17.6 percent with a 2.8MM increase in residents between 2000 and 2010.
Wednesday, March 9, 2011
NEW BILLS ARE UNDER CONSIDERATION NEXT WEEK IN TALLAHASSEE RELATING TO REAL ESTATE PROBLEMS
With Florida having hundreds of thousands of foreclosures, millions of underwater mortgages and four years of depreciating values, lawmakers meeting next week in Tallahassee are considering new real estate laws. They generally affect help for condo associations, property tax reform or changes to the foreclosure process.
A bill being considered this year would give condo associations the power to restrict cable television service and internet access from owners of delinquent condos. It was pointed out that the reason many homeowners are in default is lack of jobs; this could mean less access to job opportunities.
Another Bill will change a portion of the Save Our Homes Law by eliminating the Recapture Rule. If voters approve, a home’s property value assessment would not be increased during years when the home’s market value decreases. More than 300,000 homes were affected by rising property taxes while property values fell 13% in 2010. However with governments struggling with budget cuts, less property revenue means MORE cuts.
A bill is being considered to potentially lower property taxes for new and 2nd homeowners, and the annual cap on increases for non-homesteaded properties would be reduced from 10% down to 3%. An additional homestead exemption would be given to first-time homebuyers, worth 50% of the property value.
There will be an attempt to direct funds for affordable housing away from new housing to instead renovate vacant abandoned properties and tenants will be given 90 days notice to move out of repossessed foreclosed homes.
Nevertheless it is apparent that current problems will not be solved quickly, and that there are pros and cons with every change.
Thursday, March 3, 2011
UPDATES ON THE HOME FRONT - PRICES DOWN, SALES UP
Realtytrac reports that 26% of all home sales are foreclosures, nationally and Bank repossessions level off, down slightly from 2009 but up from 2008.
Case-Schiller reports that during the 6 months ending December 31, home prices fell nearly 6%.
National Association of Realtors reports that sales of existing homes rose for the third straight month.
In 2010, Nevada, Arizona, California and Florida had the highest percentage of foreclosures, in that order.
Cash buyers are offering very low bids, especially for distressed homes being sold at deep discounts, pulling the median price down.
Thursday, February 24, 2011
THE GOOD NEWS
According to the National Association of Realtors:
· Existing home sales increased 2.7% nationally
· This is the first time in 7 months that sales activity was higher than a year earlier
· Chief Economist Lawrence Yun says
o Home sales uptrend is consistent with improvements in the economy and jobs
o Consumer confidence is boosting
o Affordability conditions are a big factor
o Tight credit has resulted in high levels of all-cash purchases primarily for distressed homes sold at deep discounts – which pulls the median price downward but traditional homes in good condition have held their value
o Investor activity is another factor re purchasing undervalued homes
· In January, first time buyers bought 29% of homes sold
· Investors bought 23% of purchases in January
· Housing inventory is at a 7.6 month supply, lowest level since 12/2009
· Existing-home sales increased 3.6% in the South
NAR is America’s largest real estate trade association, representing 1.1MM members involved in all aspects of the residential and commercial real estate industries.
Saturday, February 12, 2011
GOOD NEWS AND BAD NEWS ON THE HOME FRONT
Zillow reported that south Florida home values are down 15.4% year-over-year in 4Q2010. Home Value Index fell to $139,100 from $160,000 at end of 2009.
Foreclosures in Florida fell 54% according to Realty Trac year-over-year in January 2011. Foreclosure filings last month were 21,671 in Florida, one for every 409 housing units in the state which is 15.4% lower from December 2010.
Thursday, February 3, 2011
WANT TO SEE THE NEWEST DECORATOR MODELS?
WANT TO SEE THE NEWEST DECORATOR MODELS?
Model Tour: 1200 Hillsboro Mile, Before & After – 2/8/2011 at 2 pm
Join the Robb & Stucky Design Team of Rene Evans, ASID and Richard Ramus at 1200 Hillsboro Mile for a private tour of their beautiful model. This is an opportunity to see the “before” unfurnished unit and the “after” decorated model–and the transformation is amazing. This event is offsite. The model is located about 1 mile south of Hillsboro on the west side of A1A. Reservations are required so please call early to reserve your space and to receive directions. No cameras, please.
Model Tour: Villas By The Sea, Before & After – 2/16/2011 at 2 pm
Have you ever wondered how a designer finds inspiration and then transforms it into a design concept? Join Robb & Stucky Design Associate Ron Acosta on-site at Villas by the Sea. Ron will start the tour in an unfurnished unit, then continue to the completed model for comparison. He will share his design process, and the secret that inspired the special look of this incredible Oceanside model project. Meet first at the Sales office for Villas by the Sea, located off A1A just north of Commercial Blvd in Lauderdale by the Sea. Reservations are required so please call early to reserve your space and to receive directions. No cameras, please.
Please call (561) 862-5597 to reserve; reservations are limited!
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