With the Loonie at parity with the US Dollar and across the board price reductions, many Canadians are now considering an investment in Southwest Florida real estate. The Canadian Press reports that the currency equality is very enticing but shouldn’t be the key driver in your decision to buy real estate in Florida. Some of [...]
[more] →The Naples News reports that single-family home re-sales in the Fort Myers area are up 120% for the first nine months of 2009 vs. the same period last year. In the January thru September period this year, 12,526 single-family homes were sold, up from 5,727 in the same period of 2008. This dramatic increase in [...]
[more] →The first wave of foreclosures to impact Lee County were dominated by investor-owned single-family homes in Lehigh Acres and Cape Coral. Many of these were the speculative products constructed by the likes of First Homes and sold to under-qualified and inexperienced investors. These investors were the first to fall and many just walked away from [...]
[more] →Business Week reports on the tightening short sale standards that banks are imposing these transactions. Time frames to close short sale deals are widening and lenders are looking for increased concessions from many sellers. Short sales have been challenging in our market for quite some time. The sheer quantities of short sales in Southwest Florida [...]
[more] →Over the past few years, I have been rather critical of the Save Our Homes Amendment as I have historically believed that it placed an unfair burden on the lifeline of Southwest Florida……..second home owners. It has always seemed very unfair to me that second homeowners, who were down here on a seasonal basis and [...]
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