Rising Gas Prices are Discouraging People from Commuting
Tue Apr 26 2022, 5:48 pm
Rising Gas Prices are Discouraging People from Commuting With gas prices soaring, Americans are reporting they’re planning to drive less. Further, these rising oil prices also profoundly impact home heating bills. Since it is less feasible to turn down the thermostat in cold weath...
Lee County is Now the Second Fasted Growing County in the State of Florida
Tue Apr 26 2022, 5:45 pm
Lee County is Now the Second Fasted Growing County in the State of Florida The state of Florida, in general, has seen a major increase in population in recent years, and southwest Florida was no exception. This trend has continued through 2021. In fact, Lee County, the home of Fort Myer...
Are Rising Mortgage Rates Affecting the Housing Market?
Tue Apr 26 2022, 5:43 pm
Are Rising Mortgage Rates Affecting the Housing Market? As U.S. Home sales continue to heat up this spring, the highest mortgage rates in over a decade may act as a counterweight to the buying frenzy that has gripped the market. Home sales surged in 2021 to a fifteen-year high (the h...
The Tides at Bayfront
Mon Mar 28 2022, 9:34 am
The Tides at Bayfront The Tides at Bayfront is a new addition to the original Bayfront condo community, completed in 2000. The Tides will be ready for move-ins in the second half of 2023. This upscale development features colorful European architecture with intricate designs, reminis...
One Naples
Mon Mar 28 2022, 9:32 am
One Naples One Naples is the epitome of luxury and elegance. If you’re seeking a Naples residence of extraordinary features, space, and top of the line amenities and you have the budget for it, One Naples may be the place for you. This one-of-a- kind resort lifestyle-style comm...
How to Win a Bidding War
Mon Mar 28 2022, 9:30 am
How to Win a Bidding War In a hot housing market, you’ll likely face stiff competition from other buyers. To improve your odds of coming out on top, you’ll need a plan of action. Here are some pointers to increase your odds of winning the battle for the home you covet:...
Tamarindo naples
Sun Feb 27 2022, 11:21 am
Tamarindo Tamarindo is a new community located in Naples on Sabal Road, just east of Collier Boulevard between U.S. 41 and I-75. Naples’ beaches on the Gulf of Mexico, with its ten miles of pristine white sands, voted the best beaches in the country by The Travel Channel, is just...
The Island at the West Bay Club
Sun Feb 27 2022, 11:14 am
The Island at the West Bay Club If elegance and ultimate luxury are your desires in a new home and you have the wallet to match, The Island may just be the place for you. The Island will be a hi-rise condominium building which will have 86 units and stand 23 stories high. The community,...
How Much Will the Federal Reserve Boost Interest Rates?
Sun Feb 27 2022, 11:11 am
How Much Will the Federal Reserve Boost Interest Rates? With inflation rising 7.5% compared to a year ago, the largest increase in forty years, the Federal Reserve is set to raise the federal funds interest rate. (This is the rate that banks are permitted to charge when they lend money...
The Tsunami of Foreclosures That Never Came
Wed Jan 26 2022, 5:15 pm
The Tsunami of Foreclosures That Never Came ATTOM is one of the premiere data gathering real estate online marketplaces that covers industry-specific information including valuations, borrower and seller details, sales trends, and tax values. But their foreclosure and distressed propert...
Mortgage Rates are Expected to Rise in 2022
Wed Jan 26 2022, 5:13 pm
Mortgage Rates are Expected to Rise in 2022 The Federal Reserve chairman, Jerome Powell, announced last week that the Fed will be raising the effective funds interest rate (the rate banks charge other banks when they lend to one another) at least three times in 2022. Historically, these...
Buyers Regret Waiting for Lower Prices
Wed Jan 26 2022, 5:08 pm
Buyers Regret Waiting for Lower Prices A common human behavior is to seek the most optimal conditions before making a decision to act. A classic example is seen in the stock market, where many folks who want to invest in a particular stock decide to wait and try to purchase the shares w...
Getting Your Home Ready to Sell
Mon Dec 27 2021, 7:14 am
Getting Your Home Ready to Sell If you’re planning to sell your home, there are certain steps you should take to sell it quickly, and sell it for a price that you are seeking. Here are some key tips to increase your chances of achieving both. Understand the true value of...
The Challenges of Buying a Fixer-Upper
Mon Dec 27 2021, 7:12 am
The Challenges of Buying a Fixer-Upper Once upon a time, when a homeowner wanted to renovate there was a simple system in place. Choose the materials to suit your taste, hire a contactor (or if your skilled in this craft, do it yourself), and then start the work. But now, things have ch...
Cryptocurrency Makes an Impact on Real Estate
Mon Dec 27 2021, 7:09 am
Cryptocurrency Makes an Impact on Real Estate Nowadays, people would be wise to familiarize themselves with cryptocurrency, Bitcoin, and other digital currencies. These new instruments of doing business may become the wave of the future. Try not to be intimidated by it, but instead take...
Home Seller Scam Hits Florida
Mon Nov 29 2021, 9:20 am
Beware: Home Seller Scam Hits Florida Con artists are forever seeking novel opportunities to swindle people out of their hard-earned money. They are on the lookout for new circumstances to develop new scams. They understand that when a new situation arises, people are far less likely to...
The Zillow Fiasco
Mon Nov 29 2021, 9:16 am
The Zillow Fiasco Zillow is an online real estate media company that generates revenue by selling advertising on its website. In 2011, Zillow and Yahoo Real Estate launched a partnership which created the largest real estate advertising network on the web. But in an effort to expand...
Labor Shortage Affecting Homebuilders
Sun Nov 28 2021, 12:57 pm
Labor Shortage Affecting Homebuilders According to the National Association of Homebuilders (NAHB) latest survey, single-family builders and remodelers are facing a severe labor shortage, unmatched in the history of the yearly survey. This simple fact is heavily responsible for skyrocke...
Where are Home Prices Headed in 2022?
Sat Oct 30 2021, 5:22 pm
Where are Home Prices Headed in 2022? The online real estate marketplace, Zillow, released an important article concerning where real estate prices are heading in 2022. The article had a major impact in that Yahoo Finance, Fortune Magazine and others have written entire articles devoted...
Corkscrew Estates
Sat Oct 30 2021, 5:19 pm
New Community: Corkscrew Estates Corkscrew Estates is a new, private, gated community featuring 59 homesites. Each single-family one and two-story homesites sit on an almost one-acre lot, a very large lot size by any measure. Because the community does not offer outdoor sporting activit...
Institutional Investors are Entering the Rental Market
Sat Oct 30 2021, 5:17 pm
Institutional Investors are Entering the Rental Market Savvy investors are continually seeking both new avenues to improve their rate of return on investments and to diversify their portfolios against risk. Now, with the residential real estate market soaring, these money managers, hedg...
Verdana Village
Mon Sep 27 2021, 4:51 pm
Verdana Village Steeped within preserves, Verdana Village combines the best of life’s necessities with the pleasures of high-end recreational facilities. The community boasts residential retreats, commercial conveniences (restaurant and bar), ample amenities, and environmental enh...
Ventana Pointe
Mon Sep 27 2021, 4:49 pm
New Construction: Ventana Pointe Ventana Pointe, located on Cormorant Drive in North Naples is now pre-selling, and ready for move-in, in 8 to 11 months. The community will consist of 77 one and two-story single-family homes. There will be no CDD fees. The location of the community i...
Homebuyer Sentiment Rising
Mon Sep 27 2021, 4:45 pm
Homebuyer Sentiment Rising The latest monthly forecast (August 2021) by Fannie Mae’s National Housing Survey (August 2021), found that the net share of Americans who think it’s a good time to buy a home rose in August for the first time since March. When one considers concer...
What is the Future of the Exurbs?
Wed Sep 1 2021, 9:01 am
What is the Future of the Exurbs? During the 1950s, vast numbers of American families entering the middle-class fled from city centers and moved to the suburbs. Today, a similar movement is taking place to the exurbs. If the term is not familiar, that’s because the word is of rece...
Land Prices are Skyrocketing in Southwest Florida
Wed Sep 1 2021, 8:58 am
Land Prices are Skyrocketing in Southwest Florida In much of Southwest Florida, per square foot prices for vacant residential lots have reached a record high. The shortage of available homes for sale in the region have tempted more and more buyers to purchase a vacant lot and hire their...
Beware of Moving Scams
Wed Sep 1 2021, 8:56 am
Beware of Moving Scams When moving out of your home, there are many unscrupulous companies (sometimes comprising only one person) who try to scam customers with low-ball pricing, well under what legitimate moving companies charge. The adage, “You get what you pay for” could...
Wave of Foreclosures Coming?
Thu Jul 29 2021, 4:43 pm
Wave of Foreclosures Coming? Back in March of 2020, as the Covid pandemic was beginning to impact the US in a serious way, and most people were unable to work (whether by law or fear of the disease), the US Department of Housing and Urban Development (HUD) issued the Stand Alone guidanc...
How to Prevent Another Building Collapse
Thu Jul 29 2021, 4:36 pm
How to Prevent Another Building Collapse In the wake of the Florida condo disaster in Surfside, lawmakers are seeking ways to prevent further tragedies. The collapse and loss of life has sent shivers down the spines of thousands of Florida condo owners, fretting whether the same thing c...
Does it Make Sense to Borrow Money for Repairs and Upgrades Prior to Selling
Thu Jul 29 2021, 4:34 pm
Does it Make Sense to Borrow Money for Repairs and Upgrades Prior to Selling Especially since the Covid pandemic began in 2020 (but also for a couple of years before that) home prices have been surging in most localities across the country. As a matter of fact, homeowners are now sittin...
Single-Family Home Rent Sees Largest Year-over-Year Increase in 15 Years
Wed Jun 30 2021, 5:57 pm
Single-Family Home Rent Sees Largest Year-over-Year Increase in 15 Years According to CoreLogic, the highly respected California-based corporation which provides financial, property, and consumer information analytics, the US rental market is soaring. Single family rentals increased an...
Tight Housing Market Leaving Mortgage Buyers Out in the Cold
Mon Jun 28 2021, 3:09 pm
Tight Housing Market Leaving Mortgage Buyers Out in the Cold Due to a sizzling real estate market driven by low supply and strong demand, prospective homebuyers who want to pay cash (not needing a mortgage) and those who are able to put down a hefty down payment are squeezing the buyers...
Villa Mar
Mon Jun 28 2021, 2:30 pm
Villa Mar is located in the desirable beach town of Bonita Springs. The community is just a five-minute drive to the Gulf of Mexico, and five miles to Barefoot Beach. Also, just a short distance away are public parks, shopping and dining, top rated medical facilities, cultural attractions, and top-r...
Will Covid Vaccines be Required to Use Development Amenities?
Mon May 31 2021, 10:48 am
Will Covid Vaccines be Required to Use Development Amenities? According to FloridaRealtors.org, some homeowner’s associations (HOAs) in the Sunshine State are discussing whether to disallow unvaccinated residents and their visitors from partaking of the community’s amen...
Mortgage Rates are Down but Inflation is Beginning to Roar – So What’s Going On?
Mon May 31 2021, 10:44 am
Mortgage Rates are Down but Inflation is Beginning to Roar – So What’s Going On? As I’m writing this article, analysts are fretting over the latest inflation reports. But paradoxically, mortgage rates continue to decline, tempting prospective homebuyers to enter the ma...
Inflation and its Effect on Real Estate
Mon May 31 2021, 10:37 am
Inflation and its Effect on Real Estate While inflation causes the prices of goods to go up, your salary usually doesn’t. Therefore inflation, in effect, makes each of us poorer. After all, if you must pay more for essential goods and services, you’ll have less money for lei...
Enbrook
Mon Apr 26 2021, 2:09 pm
New Construction in Naples: Enbrook Enbrook, a gated community located in south Naples on Manatee road, features a variety of twin villa homes with coastal designs. All the homes surround two large lakes, offering placid, picturesque views. The homes are being built by D.R. Horton, Ame...
The National Home Shortage
Mon Apr 26 2021, 1:50 pm
The National Home Shortage According to a report by Freddie Mac, America’s national home supply will meet the current demand only if the U.S. adds 3.8 million new homes. How bad is the shortage? Compared to 2018, for example, the current housing deficit now is a full 52% greater....
Questions to Ask When Buying Homeowners Insurance
Mon Apr 26 2021, 1:47 pm
Questions to Ask When Buying Homeowners Insurance Homeowners Insurance is probably the least exciting part of the home buying process. After all, you’re not looking at your beautiful new home, its lovely garden, or the amenities. Rather, you are faced with a dizzying array of...
How Does the Mortgage Rate Affect Buyers?
Mon Mar 22 2021, 5:51 pm
How Does the Mortgage Rate Affect Buyers? Mortgage rates are one of the most important factors prospective homebuyers should consider when buying a new home. Even a small fractional move can have major consequences in deciding which homes you can afford. In addition to lowering the a...
Meadowood
Mon Mar 22 2021, 5:48 pm
New Community in North Naples: Meadowood Constructed by D. H. Horton Inc., the largest homebuilder in the country, these 2 story townhomes are ideally located in North Naples. With an A+ school district, brand new shopping, dining, and entertainment venues, Meadowood enjoys proximity to...
Cape Coral/Fort Myers are Among the Top Commercial Markets in the United States
Mon Mar 22 2021, 5:42 pm
Cape Coral/Fort Myers are Among the Top Commercial Markets in the United States After analyzing 52 major commercial markets across the country, the National Association of Realtors (NAR) ranked Cape Coral/Fort Myers an impressive second place nationally (just behind Austin Texas) on the...
The Enclave of Distinction
Thu Feb 25 2021, 7:42 pm
New Community: The Enclave of Distinction Distinctive Residential Construction is a luxury homebuilder centered in Naples Florida with 25 years of experience. The company focuses on the homes, itself, as opposed to the community amenities. Therefore, smaller tracts of land are necessary...
Can You Deduct Covid-19 Expenses on Your Tax Return?
Thu Feb 25 2021, 5:02 pm
Can You Deduct Covid-19 Expenses on Your Tax Return? The tax deductions permitted during the Covid-19 pandemic are complicated. While the IRS is offering some benefits, many deductions which might seem fair to the taxpayer are not permitted. Non-independent contractors who are employ...
Florida is Awarded the Best State to Retire
Thu Feb 25 2021, 5:00 pm
Florida is Awarded the Best State to Retire The prominent finance website, Wallethub, conducted a study using 45 metrics to determine the best state for retirement. Some of those metrics included affordability (including tax rates), quality of life (including share of population over 65...
Are 1031 Exchanges Going Away in 2021?
Sat Jan 30 2021, 7:18 pm
Are 1031 Exchanges Going Away in 2021? A 1031 exchange is a swap of one investment property for another which allows capital gains taxes to be deferred. For investors to qualify, the exchange must occur between like-kind properties (a house for a house, a multifamily unit for another on...
Is it Smarter to Flip Homes or Become an Investor?
Sat Jan 30 2021, 7:16 pm
Is it Smarter to Flip Homes or Become an Investor? There are two strategies for those who want to build wealth in the real estate field: Flipping and investing. For our purposes flipping a property involves purchasing it at fair market value or below, usually adding some renovation, and...
When Will 3D Printed Homes be Available?
Sat Jan 30 2021, 7:12 pm
When Will 3D Printed Homes be Available? As of now 3D printed homes are not broadly available in the American real estate market. While some homes have been built here and in Europe, the homes are of the micro variety. The technology is not yet ready for the big leagues. These printed h...
The Pandemic Has Dramatically Increased the Trend Toward Smart Homes
Thu Dec 31 2020, 1:03 pm
The Pandemic Has Dramatically Increased the Trend Toward Smart Homes A new Realtor.com survey has determined that the pandemic is serving to motivate people to demand smart features in their homes. With many folks confined to their homes for health reasons or because their jobs can be e...
Mortgage Requirements are Easing
Thu Dec 31 2020, 1:00 pm
Mortgage Requirements are Easing From the earliest days of home mortgage loans, the borrower’s finances are primarily what determines if a mortgage would be granted; and if it can, what the interest rate would be. The key issue banks analyze is whether your income can sustain the...