The Luxury Homes Topping the MarketWant a 95-acre estate that boasts a 56,000-square-foot mansion with 15 bedrooms and 16 bathrooms? It'll only cost you $135 million. Find out the priciest U.S. homes for sale.

100 acres listed in the heart of North Central Florida, nearby the interesection of I-10 & I-75.



Check it out on loopnet at



http://listing.loopnet.com/15126218

100 acres listed in the heart of North Central Florida, nearby the interesection of I-10 & I-75.

Check it out on loopnet at

http://listing.loopnet.com/15126218

Check out my new Point2Agent site with lots of great virtual tours.

at

www.lakecityfloridarealtor.com

NEW HOME SALES
Sales of new homes surged in April by 16.2 percent – the biggest amount in 14 years – but the median price of a new home also dropped by the largest amount on record, according to the U.S. Commerce Department. The mixed signals left no clear picture of whether the worst of the nation's housing slowdown is over.
Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-052407.cfm

PROPERTY TAXES Business leaders met with Gov. Crist yesterday and asked him not to forget commercial interests when the state formulates new rules for property insurance, cautioning him not to shift more of the tax burden to commercial and non-homesteaded residential property owners.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-051607.cfm

TRENDSTo lure young buyers, many developers build condo complexes with amenities like videogame lounges that promise a great social life as well as an affordable first home. But it’s not easy to control demographics: Some of the buildings draw buyers old enough to be the parents of the kids down the hall.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4- 051407.cfm

Lake City, FL is in the news. Fortunatly this is not effecting the major residential areas as much as it is in government or national forest areas.

http://apnews.myway.com/article/20070513/D8P3N7E80.html

INTEREST RATES
No news is good news: The Federal Reserve held interest rates steady yesterday at 5.25 percent. The current rate, relatively good by historical standards, impacts ARMs and home equity lines of credit.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-051007.cfm

HOME SELLERS
Home sellers should find and fix plumbing problems before they put their home on the market – if they know how to inspect pipes and faucets. It’s worth fixing upfront. A buyer’s inspector will eventually find the troubles, which could delay closing.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-050807.cfm

Ever wondered what at all Section Township Range, ex: as in the NW1/4 of the NW1/4, etc, etc means.

Graphical Display of the Federal Township and Range System
http://www.outfitters.com/genealogy/land/twprangemap.html

FHA REFORM
The U.S. House Financial Services Committee on Thursday passed legislation that would allow FHA to offer borrowers a safer alternative to risky mortgage products and help many homeowners facing foreclosure. NAR supports H.R. 1852, saying the bill will help provide stability to local real estate markets and economies. Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-050707.cfm

$5 Ideas for Making a House More AppealingYou don't always have to spend the big bucks to get a home ready to sell.Read more >