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Pinellas Energy Effeciency Project, June 19

On June 19, 2010, 10:30-11:30am, Pinellas County Extension will host a FREE residential energy efficiency course led by University of Florida faculty.  This educational course will provide materials (energy saving devices to all participants), tips and incentives to help your home become more energy efficient, while maintaining the same comfort level.

More importantly, the course will ultimately help you save money on utility bills!

The class will be held at the Seminole Community Library at St. Petersburg College, Seminole Campus (9200 113th St. N., Seminole, Florida).

Space is limited, so register now!

To learn more about sustainability at St. Petersburg College, contact Jason Green at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .  Then visit http://www.spcollege.edu/sustainability, join the facebook group and follow us at http://twitter.com/sustainableSPC.

 

Pinellas County – Know Your Evacuation Zone?

In order to know when to evacuate for hurricane surge flooding,
you must KNOW YOUR ZONE! Keep in mind,
you evacuate to avoid deadly surge flooding.

There are many ways to learn your zone.
Evacuation Lookup includes update features! Pinellas County’s Evacuation Level Lookup has a new feature for you. Enter your address and you will be provided not only information on your evacuation level, but also the closest shelter, the closest special needs shelter and the closest hotel accommodations.

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Florida’s existing home, condo sales rise in April

Sales of existing homes in Florida rose 27 percent in April, which means that sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors®. Another positive sign: Last month's statewide existing-home median price of $140,100 was 1 percent higher than the statewide median price in April 2009.

Existing home sales rose 27 percent last month with a total of 16,781 homes sold statewide compared to 13,244 homes sold in April 2009, according to Florida Realtors. Statewide existing home sales last month increased nearly 3 percent over statewide sales activity in March. Meanwhile, April's statewide existing-home median price was 2.3 percent higher than March's statewide existing-home median price of $137,000. It marks the second month in a row that the statewide existing-home median price has increased over the previous month's median.

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Consumer confidence rises in May

Americans' confidence in the economy rose in May for the third straight month, fueled by growing optimism about future job prospects.

Still, many worry improvements in shoppers' mood and spending may be reversed because of sharp declines on Wall Street fueled by fears that a debt crisis in Europe could hammer global growth.

The Conference Board, based in New York, said Tuesday that its Consumer Confidence Index rose to 63.3, up from a revised 57.7 reading in April. Economists surveyed by Thomson Reuters had expected 59.

The increase was boosted by consumers' outlook over the next six months, one component of the index, which soared to 85.3 from 77.4, the highest seen since it reached 89.2 in August 2007, before the economy entered in a recession.

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Warning: Flood insurance expires Monday

The National Association of Realtors(NAR) hopes to see a flood insurance extension before the deadline, but a possible hiatus could threaten some scheduled closings.

The National Flood Insurance Program (NFIP) lapsed briefly earlier this year and it's set to expire again on Monday, May 31, 2010. In a letter sent out to Realtors today, NAR said it's working with Congressional allies to avoid another potential lapse in the program.

NAR is actively lobbying for passage of several pieces of legislation that are moving through Congress and contain NFIP extensions of varying length.

It is unclear, however, which extension is likely to pass before the deadline. Each extension bill has different provisions, and the number of them could make passage more difficult as lawmakers get behind different bills, leaving no single bill with the necessary number of votes for passage.

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Freddie Mac: Mortgage rates hit yearly low

U.S. borrowers can get the cheapest mortgages this year, thanks to worries over European debt, and that could keep homebuyers active even after the expiration of a tax credit designed to lift sales.

Mortgage rates fell to their lowest level of the year this week as yields on U.S. government securities fell, Freddie Mac said Thursday. Fixed mortgage rates tend to follow the yield of 10-year Treasury notes.

Treasury yields sank after Germany's move this week to curtail certain kinds of short-selling spooked investors, who shifted money from risky European debt to safer U.S. securities.

A side effect of the lower Treasury rates was lower mortgage rates.

The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent from 4.93 percent a week earlier, Freddie Mac said. It was the lowest level since mid-December, when rates averaged 4.81 percent.

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FEMA offers insurance rate cuts under remapping

Property owners across the country fearing they may be forced to buy expensive flood insurance under a push to draw up new floodplain maps will catch a break by being offered the coverage at sharply lower rates for two years, a key lawmaker said.

Sen. Dick Durbin of Illinois said the Federal Emergency Management Agency's decision to offer the cheaper rates on properties affected by changes to flood hazard maps dramatically softens the financial blow for southwestern Illinois and other affected regions – at least for now.

FEMA has agreed to offer up to two years' eligibility for the National Flood Insurance Program's Preferred Risk Policy – the program's lowest-cost option – to small businesses and homeowners on any land the new maps show are in newly designated special flood hazard areas. The new rates are available after the redrawn maps take effect, in many cases this fall or early next year.

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Survey: 4 in 10 homeowners would consider walking away from ‘underwater’ mortgage

More than 40 percent of homeowners with a mortgage say they would consider abandoning an "underwater" property, according to a national online survey released Thursday.

The study conducted this month by Harris Interactive for real estate firms Trulia and RealtyTrac touched on a topic that affects many South Floridians.

More than 371,000 homes in Palm Beach, Broward and Miami-Dade counties were worth less than the mortgage amount at the end of the first quarter, Zillow.com said recently.

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Florida’s existing home, condo sales up in 1Q 2010

Salesof existing single-family homes in Florida rose 24 percent in first quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 38,846 existing homes sold statewide in 1Q 2010; during the same period the year before, a total of 31,410 existing homes sold. It marks the seventh consecutive quarter that Florida has seen higher existing year-to-year home sales, according to the state association.

Statewide sales of existing condominiums in the first quarter rose 67 percent compared to the same time the previous year. This marks the sixth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.

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