WANT TO SEE THE US DEBT and PER CITIZEN LIABILITIES?

US DEBT CLOCK

CASE-SHILLER HOME PRICE INDEX RISES

A May 2009 increase of 0.5% in the closely watched Case-Shiller home price index indicates that the US housing recovery is seen possible now. Prices tumbled more than 32% from their peak in 2Q 2006. Case said that prices may be at the bottom now.

· Preventative risk--management must be a priority going forward, according to Shiller.

· He also stated that the mortgage contract structure must be made to protect home-buyers in case of a downturn. “The new standard for mortgage should be a continuous work-out mortgage,” so that “if home prices fall then your mortgage payment will go down.”

· Shiller cautioned that recent bank bailouts were “extraordinary events that we should want to prevent as much as possible in the future.”

· In June new home sales jumped 11%, the biggest monthly gain in 8 years according the US Commerce Department.

· National association of Realtors said existing home sales rose for the 3^rd straight month in June.

But, with unemployment and foreclosures still rising, caution was advised. Shiller said that confidence in the US financial system is crucial for an economic recovery, and can be best restored by having a clear regulatory framework for investors. He mentioned that foreign investors who were thinking about putting money in this country are feeling somewhat less assured.

REPORTS SHOWING HOUSING MARKET ON THE MEND

With sales up in all four regions of the United States, and the number of previously occupied homes sold in June being the third month in a row to go up, this kind of expansion has not been seen in almost 5 years.

Sales roses 3.6% according to the National Association of Realtors. The foreclosure market is shrinking. It is meaningful that about on third of homes sold in June were foreclosure related, down from nearly half of those sold earlier this year. See the Federal Housing Finance Agency report showing home prices rose almost 1% in May.

There has never been a better time to buy a home in Florida with interest rates down and home prices so much lower than in recent years. The “best buys” are starting to be snatched up now.

NEW PLAN BEING DISCUSSED FOR HOUSES IN FORECLOSURE

According to the Florida Association of Realtors, a plan being developed by both Obama and Congress will allow homeowners to rent their foreclosed home for at least 5 years, maybe as long as 10 years. Motivated by the thought that Florida doesn’t need any more vacant homes, and that the modification plans have not been as successful as Congress hoped, the overall economy as well as the real estate situation in Florida could change for the better with this plan. Florida’s foreclosure rate remains third highest in the nation. One in every 33 households received a default notice, auction notice or bank repossession. One plan is for lenders selling foreclosed homes to approved professional landlords. Another idea is for lenders to sell to private investors, or keep the home and hire a management firm to handle the rental. However, some warn of banks wanting to shed properties rather than become landlords and selling to low-balling investors, which would knock prices farther down.

YOUR ART COULD BE EXHIBITED... AND SOLD... IN PUBLIC PLACES

Your work can be exhibited and sold at the 4-month long Palm Beach International Airport in West Palm Beach. Those waiting for flights could keep busy with looking at the art exhibit that will be held from September 17, 2009 to December 17, 2009. The theme is “Solar Abstrations” and will feature works that explore the power and brilliance of the sun’s splendor here in Palm Beach County. Sponsored by “Art in Public Places.” Go to http://pbcgov.com/fdo/art/calls.htm or email esinger@pbcgov.org for more details. Entry deadline is August 20^th. Entry fee is $10. Pick up your paint brush NOW… and GO FOR IT!

COUNTY TO WIDEN HYPOLUXO ROAD

$3.6MM has been awarded by County Commissioners to a contractor to widen Hypoluxo Road from four to six lands between Jog Road and Military Trail, with a proviso that it be done in no more than 270 calendar days.

PLEASE SCROLL DOWN FOR INFO ON AN OPEN HOUSE SUNDAY 7-19, 3-5 PM IN PALM BEACH FARMS-2006, WATERFRONT-GORGEOUS

If you cannot attend the open house
and want a private showing, call
MARILYN FARBER JACOBS, Realtor
at 561-988-0070 to set an
appointment that is convenient for you.

Palm Beach Farms is in an A-Rated
Boca Raton
School district, wonderful
neighborhood with NO ZERO LOT LINES,
and has a playground for the kids.
NO EQUITY, NO HOA.

Price just lowered on this approximately
1/2 acre property on private, gated road.
Boat dock for 30' boat.

VISUAL TOUR LINK

Directions: I95-Palmetto West
Take first right, SW 12th to Circle
Go left (SW 18th St) and take
next right, Isabel Rd Oeste,
to end through white gates.

Please scroll down a bit to see the
information, and click where it says
CLICK TO VIEW FULL PAGE.

CLICK TO VIEW FULL PAGE
Description and Features
Beautiful Curb Appeal. Circular decorative driveway, 12' x 10' portico, double arched pecky cypress oversize front doors, arched windows. PRETTIEST home in the area. Very Private. One gated private road - side road is one lane, one way - LIMITED TRAFFIC. Great flow for entertaining. Lots of room for the whole family. Master Bedroom upstairs for privacy. 4 Bedrooms on First Floor. UPGRADES EVERYWHERE - like NEW - MOVE RIGHT IN! Near I-95, shopping, downtown, beach and ocean. Watch fabulous sunsets from upstairs south facing Balcony off Master Bedroom. QUIET, SERENE NEIGHBORHOOD where Tropical Trees and plantings abound! THIS is FLORIDA LIVING at it's best! Be sure to click bottom link for Virtual Tour, many more photos.	Bedrooms: 5 Bathrooms: 5 Parking Spaces: 3 Square Feet: 4614 Lot Size: 19602 Year Built: 2006 Floors: 3 MLS #: R2954219
Location
Click to view map: 2198 Isabel Road Oeste Boca Raton FL 33486
Links
Boca Raton, Delray Beach ALL Palm Beach County Homes for Sale, Marilyn Jacobs SPARKLING Boca Raton Palm Beach Farms Custom-Built Waterfront Estate Listing Website

LET IT SNOW… LET IT SNOW… and BRING YOUR MITTENS to a “COOL” EVENT

The last time your editor saw snow in Palm Beach County was when visiting during the winter of 1976, when snow briefly fell in Palm Beach near the water. Palm Beach County will have it’s own winter wonderland this weekend at the Palm Beach Zoo in Dreher Park, Southern Boulevard just east of I-95, for “little kids” and “big kids”. “Winter in July” will be held from 10 am to 4 pm both days. Forty… yes FORTY TONS of snow will fall. Many ice-age fossils will be on display. You can go on a fossil dig, make a fossil shark-tooth necklace, enjoy children’s entertainment, have animal encounters, visit the “sand box” to create your own cool treat, relax in the Florida Pioneer House and hear Arctic-themed stories, meet the “Snow Queen” and learn about sun safety. Go “ice-fishing” and see what prize you can reel in. Admission for adults is $12.95, Seniors 60 and up $9.95, Children 3-12 $8.95, children under 3 and zoo embers are free. The purpose is to educate children about the importance of sun safety and let them experience the wonders of winter without leaving Palm Beach County. The event is co-sponsored by South Florida Parenting Magazine and Panera Bread Company. Sun Safety materials are provided by the Skin Cancer Foundation and Armchem. Daily events at The Zoo include an interactive “Wings Over Water” show with 20 trained birds, 11-3 weekdays and 11-2 weekends This is sponsored by AirTran. The “Wild Things Show’ includes New Guinea Singing Dogs Mic and Sidney, Scooter the South Asian binturong, Xena the African pygmy hedgehog and Boris the Scarlet Macaw and a Brazilian rainbow boa. Come visit and enjoy seeing all the animals!