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 […]
The Federal Housing Finance Agency, tracking 292 U.S. metropolitan areas, has reported that home prices have fallen more than 6 percent in the past year. Bargins can be found just about everywhere and Naples is no exception, ranking No.2 overall. Naples is a popular destination known for its artsy side and the natural wonder of […]
New Aqua condominium in North Naples closes on $20 million in sales Waterfront condominium community, Aqua, at the site formerly occupied by Wiggins Pass Marina has closed on more than $20 million in sales in the past two weeks and more closings are scheduled in the next two weeks. The community offers a private deep-water […]
SW Fla. housing market ready to recover, economic forecaster predict At the fourth annual Bonita/Estero Market Pulse meeting on Tuesday, economic insiders presented a cautiously optimistic forecast for Southwest Florida’s real estate situation. Many of the more than 200 people who attended were real estate agents and other business owners with an interest in the […]
“Property values will probably never be this low again,” reports Beverly David, a broker associate in Ft. Myers. Looking for a second home or a retirement home, buyers are taking advantage of new listings that come on the market daily. And sellers are pricing their homes to sell. Much of the real estate business in […]
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