AUGUST NEWSLETTER

Here is a link to my "August Real Estate Update"
http://realtytimes.com/105/BradleyArnowitz

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:
"Staging Takes Center Stage"
"Seven Steps To A Credit Score Makeover"
"Coping with Higher Summer Energy Costs"
"Over-Cooked Hype Hikes Kitchen Costs"
"Hot Decorating Tips: Go From Drab to Fab With These Ideas"

Plus a roundup of July real estate activity as well as much more advice and information. I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,
Bradley Arnowitz

Arnowitz & Associates, taking over the market, one property at a time.
Visit us on the web @ www.ArnowitzProperties.com

Useful Real Estate Web Sites

Enclosed, please find some really useful web-sites.

1. Public Records Online Directory
(http://publicrecords.netronline.com)
A one-stop portal to access online info about property tax assessments, deeds, and recorded property documents. Options also include parcel maps, property detail reports, and comparables. There's also a foreclosure search by ZIP code.

2. Knowledge @ Wharton
(http://knowledge.wharton.upenn.edu/)
Insights from some of the best business minds in the country. The site includes sections with articles on technology, marketing, finance and investment, business ethics, and entrepreneurship.

3. U.S. Census Bureau
(http://www.census.gov/)
The Census Bureau offers info on population, income, age and other factors that can affect home buying. The American Community Survey is a new annual nationwide survey on how communities change.

4. National Bureau of Economic Research
(http://www.nber.org/)
Access to a wide range of key economic indicators.

5. PropertyShark.com
(http://www.propertyshark.com)
Nationwide search of Foreclosures, for sale, comparables, maps and lists.

6. Real Estate Terms Online
(http://www.realestatewords.com)
Every person working in real estate or planning to buy or sell real estate can benefit by using this free real estate dictionary. This dictionary of real estate terms is one of the most extensive in the industry and is used by many real estate agents, real estate brokers, mortgage brokers, and instructors in major real estate schools across the country.

7. REALTOR.com
National MLS search engine.

8. Arnowitz Properties
(http://www.arnowitzproperties.com/)
Useful information on South Florida Real Estate. Including National Data Base of ALL properties for sale. A Featured Property section for local area listings, mortgage calculators, Buyer Information, Seller Information, and FREE School Reports.

July Newsletter

Here is a link to my "July Real Estate update":http://realtytimes.com/104/BradleyArnowitz

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

• "When Should Homebuyers Jump In?"
• "What Your Homeowners Insurance Does, Doesn't Cover"
• "Avoiding 7 Costly Mistakes of Selling Your Home"
• "Secrets About Buying A Second Home"
• "Is Credit Card Debt Keeping You Locked Out of Homeownership?"

Plus a roundup of June real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,
Bradley E. Arnowitz, P.A.

Visit us on the Web @ www.ArnowitzProperties.com or contact me directly Brad@ArnowitzProperties.com

For Immediate Release

Bradley E. Arnowitz, P.A. was responsible for the following transactions:

*Reinhartz Family Limited Partnership, a 30-year-old medical business, has purchased .75 acres of land located at 18802 W. Dixie Highway, Aventura, FL to build its corporate headquarters. Co-broker representing the seller was Hellen Weisman.

*Simes Family Limited Partnership, has leased its ultra-luxury tower residence located at The Diplomat Residences, 3535 South Ocean Drive, Hollywood, FL 33019. Co-broker representing lessee was Jorge Blanchard.

*Canyon Ranch Developer, WSG has entrusted Arnowitz & Associates with the sales and marketing of several ultra-luxury, residential units, located in the North Tower of the project.

Arnowitz & Associates of Re/Max Beach Properties is a full-service firm providing brokerage, development, sales investment, property management, asset management, and residential services for office, multi-family, industrial/commercial, residential, and retail properties. Bradley E. Arnowitz, P.A. has been serving South Florida with Honesty, Integrity, & Results since 2001.

For more information, visit Arnowitz & Associates on the web at www.ArnowitzProperties.com or contact the firm at Re/Max Beach Properties, 1355 Alton Road, Miami Beach, FL 33139 or Re/Max Beach Properties, 672 E. Hallandale Beach Blvd, Hallandale Beach, FL 33009, 305.776.6113.

NAMING OUR NEW BABY!! CANY YOU HELP?

I am proud to introduce the first project of its kind in Aventura. A mixed use Development Project that will include Medical Suites, Professional-Class A Office Space, Town Homes, and Live/Work Lofts! Located on West Dixie Highway between Ives Diary Road and Miami Gardens Drive, next to the newly expanded School.

This project will be a place to Live, Work, Love, & Play! And, this baby needs a name. Can you help? Please send me some suggestions. Below you will find a rough copy of a soon to be released marketing piece. All we need is the Name.... Send me your thoughts @ Brad@ArnowitzProperties.com

Whether you are interested in properties to shelter your own business, building for resale or long term rental, unique commercial, retail, and residential opportunities exist in our project. An investment in a Live/Work or other commercial property can provide capital appreciation, long term rental income and investment diversification.

Our Live/Work sites will be state of the art, TRUE-LOFTS! Stainless Chef Stle kitchens, wine storage, granite counter tops, crown molding, wood, carpeting and marble. A complete turn-key package. Including private zen type gardens with oversized work areas.

To maintain pedestrian continuity required by commercial establishments, private and public parking will be assessable utilizing our state of the art parking system/garage that services the building. Living areas can be utilized by the owner or rented out to generate add income. The Live/Work properties will vary in size from about 750 sq. ft. to over 2000 sq. ft. on each level. These unique properties will be located on the top floors of our new project.

Over 20,000 square feet of additional commercial sites (some of which will front West Dixie Highway) will be suitable for medical professionals, retail shoppes, and professional class A office space. A mixed use buisness center is planned for the building.

This unique project will provide everyday vital services to the community and serve as a gathering place to the residents of the adjacent neighborhoods, and will support business establishments located there.

Our new project is a Smart Place to Invest, primarily because it’s a great place to live, work, love, and play!

Arnowitz & Associates of Re/Max Beach Properties is a full-service firm providing brokerage, development, sales investment, property management, asset management, and residential services for office, multi-family, industrial/commercial, residential, and retail properties.

Bradley E. Arnowitz, P.A. has been serving South Florida with Honesty, Integrity, & Results since 2001.

For more information, visit Arnowitz & Associates on the web at http://www.arnowitzproperties.com/ or contact the firm at Re/Max Beach Properties, 1355 Alton Road, Miami Beach, FL 33139 or Re/Max Beach Properties, 672 E. Hallandale Beach Blvd, Hallandale Beach, FL 33009, 305.776.6113.

Legislators approve $31.6B property tax plan

Good News For Florida Home Owners!

The Florida Legislature Thursday backed a property-tax reform package that is expected to save Florida taxpayers $31.6 billion over the next five years.

The first part, a $16 billion plan that would go before voters in a special election Jan. 29, involves replacing the Save our Homes limit of 3 percent property assessment growth with a new "super exemption." The second part, pegged at $15.6 billion, requires all cities and counties to roll back tax rates for the 2007-08 fiscal year to the previous year's levels.

Gov. Charlie Crist says in a prepared statement this decision will help property taxes "drop like a rock."

"I congratulate Senate President Ken Pruitt and House Speaker Marco Rubio and the many other legislators who have worked tirelessly to build consensus among the members of the Legislature and deliver the largest tax cut in Florida history," Crist says. "By lowering property insurance rates and cutting property taxes, we will create a better bottom line for Floridians and for Florida."

According to details of the plan, the super exemption will give homesteaded properties a 75-percent exemption of the first $200,000 in value of a home with a minimum exemption of $50,000 per homestead. In addition, properties eligible for homestead exemption will obtain another 15 percent exemption for the next $300,000 in value.

That plan also will grandfather the tax savings and assessment cap for the smaller number of property owners who receive a bigger break under "Save Our Homes," as well as preserve all existing exemptions now provided to disabled veterans, low income seniors and agricultural lands. The Legislature also says it intends to "hold schools harmless" from the cut in school funding they will get from municipalities, who will are expected to receive reduced revenues through this plan.

Meanwhile, the rollback plan, which would not require voters approval, says local governments also have to make additional cuts of 3, 5, 7 or 9 percent, determined by a formula that measures each municipalities' taxing performance over the past five years against a statewide average. Special taxing districts and "fiscally limited" cities and counties will be held to the 3 percent additional cut.

The plan also caps future property tax revenues based on the rate of personal income growth and new construction, to ensure government cannot grow faster than personal income.

Visit us on the web @ www.ArnowitzProperties.com

From National Association of Realtors

NAR: Home stagnant in short run, up by year’s end

WASHINGTON – June 7, 2007 – Home sales are projected to move in a relatively narrow range with a gradual upturn becoming more pronounced by the end of the year, according to the latest forecast by the National Association of Realtors® (NAR).

“Overall housing levels are historically strong, but sales remain sluggish compared to the recent boom,” says Lawrence Yun, NAR senior economist. “Home sales will probably fluctuate in a narrow range in the short run, but gradually trend upward with improving activity by the end of the year. It’s important to keep in mind that all real estate is local, and many markets are expected to have higher sales and strengthening prices during the second half of this year.”

Existing-home sales are projected to total 6.18 million in 2007 and 6.41 million next year, in contrast with 6.48 million in 2006. New-home sales are forecast at 860,000 this year and 901,000 in 2008, down from 1.05 million last year. Housing starts are likely to total 1.43 million units in 2007 and 1.49 million next year, below the 1.80 million recorded in 2006.

The national median existing-home price should ease by 1.3 percent to $219,100 in 2007 before rising 1.7 percent next year. The median new-home price will probably fall 2.3 percent to $240,800 this year, and then grow by 2.6 percent in 2008.

“We continue to experience a temporary distortion in comparing median existing-home prices,” Yun says. “Because the sales volume has shifted from many high-cost areas to moderately priced markets, we’re not getting a true apples-to-apples comparison. When you look at other measures, such as this week’s price index from Freddie Mac, which is based on repeat sales, overall home prices are rising slowly.”

Yun says that buyers today need to have a traditional view of housing “as a long-term investment that is an added benefit to their shelter expense. If so, that investment generally will build a nice nest egg over time, especially if they use a traditional mortgage instrument that reduces debt,” Yun says.

The 30-year fixed-rate mortgage is likely to increase to 6.6 percent in the third quarter and then hover at that level through 2008.

“Because of reductions in home sales and new home construction, the economy will expand at a subpar pace in 2007,” Yun says. “As housing market conditions improve going into 2008, the economy will reach back to its growth potential next year.” Growth in the U.S. gross domestic product is estimated at 2.0 percent this year, lower than the 3.3 percent growth in 2006. Yun forecasts GDP to grow 3.0 percent in 2008.

The unemployment rate is projected to average 4.6 percent in 2007, unchanged from last year. Inflation, as measured by the Consumer Price Index, is expected to decline to 2.5 percent this year, down from 3.2 percent in 2006. Inflation-adjusted disposable personal income is likely to rise 2.8 percent this year, compared with a 2.6 percent increase in 2006.

© 2007 FLORIDA ASSOCIATION OF REALTORS

Visit us on the web. www.ArnowitzProperties.com
Arnowitz & Associates. Taking Over The Market, One Property At A Time....