The U.S. Department of Commerce’s Bureau of Economic Analysis reported that Naples-Marco Island ranked second in the country for personal income in 2008. The per-capita income grew slightly by 1.7 percent last year to $64,349, up from $63,276 in 2007. In the metro area total income was about $20.3 billion, up 2.2 percent from $10.8 […]
The Naples Area Board of Realtors released its numbers on Friday and the statistics show that the overall home sales in July increased by 67 percent compared with the same period a year ago. There has also been a 12 percent decrease in inventory from July 2009 to the previous year. Leaders in the real […]
According to Gail Cunningham of the National Foundation for Credit Counseling,”almost half of all American adults no longer believe that home ownership is a realistic way to build wealth.” “Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing. Even if the days of selling a house for an enormous […]
“One of the most common questions you”ll hear during a real estate discussion is: how motivated is the seller? Given the climate of the current real estate market it would seem that most sellers would be motivated. In reality, the ad running for the property may say they are but most of them aren’t.” “There […]
UPDATE 1-U.S. pending home sales rose 3.2 pct in March For the second straight month, pending sales of existing U.S. homes rose in March supporting views the housing market was close to hitting a bottom. In the first increase since September, US construction spending rose 0.3 percent in March and based on contracts signed in […]
http://www.chadroffers.com Chad Roffers, real estate industry expert would like to offer another perspective to the question,’When will we hit bottom’. He claims it is an irrelevant question. “Right now, the only person who comes out a winner in this environment is the buyer. If you don’t have to sell right now, hold onto your property […]
Now may be the time to purchase a second home or vacation property. With an abundance of properties and rock bottom interest rates housing affordability and availability have left buyers holding all the cards. Sellers may even be making concessions that they generally aren’t going to make in a rising market. Even though there are […]
If a “For Sale” sign has been hanging outside your house for months and it has not sold, there may be reasons other than the miserable economy. In some cases it may be the marketplace and you just need to wait for the market to turn. Other factors affecting selling your home might be marketing […]
Source: latimes.com If you have been postponing a purchase, sale or refi because the loan amount you need is too big for Fannie, Freddie or FHA, check out the new, non-Wall Street sources of jumbo mortgages. Major banks, like Bank of America, are originating big loans at affordable rates to keep in their own investment […]
The Strada, developed by The Lutgert Companies of Naples, is the first of two residential communities at The Mercato. There are ten floor plans and some fully furnished models available to tour by appointment. The 92 luxury residences, on the second through fifth floors, will overlook the cresent-shaped Main Street of The Mercato. The residences […]