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homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: The economy has been set free (for now)
- 01/13/14 06:03 AM
The economy has been set free (for now) WASHINGTON – Jan. 13, 2014 – According to Fannie Mae’s Economic & Strategic Research Group, less economic uncertainty about U.S. fiscal and monetary issues lays the foundation for improved private sector activity and accelerated economic growth in 2014. With growing economic momentum – a notable rebound in consumer sentiment following a dip associated with the government shutdown last fall, as well as labor market improvements that support income growth – the group forecasts an increase in consumer and business spending that boosts economic growth throughout the year. For all of 2014, growth … (0 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Fla. will gain about 175,000 new jobs in 2014
- 01/08/14 08:40 PM
Fla. will gain about 175,000 new jobs in 2014 NEW YORK – Jan. 8, 2014 – Pew Charitable Trusts – an independent, non-partisan research and public policy organization, projected expected employment growth for each U.S. state, and overall, Florida ranked fifth in expected job growth in 2014. Since jobs and home sales go hand in hand, the growth could benefit Florida’s real estate buyers and sellers. To compare states with different populations, the study compared the anticipated percentage of job growth. In Florida, Pew estimates that the state will see 176,423 new jobs for a 2.34 percent increase. The top … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Housing market to see boost from boomerang buyers?
- 01/07/14 09:06 PM
Housing market to see boost from boomerang buyers? JUPITER, Fla. – Jan. 7, 2014 – Some housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the “boomerang buyer.” Revisions made over the summer to Federal Housing Administration (FHA) guidelines and technical updates in November to Fannie Mae loan approval systems have opened the door for some former homeowners to buy again just one year after foreclosure. Founders of the San Diego-based company AfterForeclosure.com said last month that millions of banned borrowers nationwide will be eligible … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Buyers get extended offer period on REOs
- 01/07/14 02:33 AM
Buyers get extended offer period on REOs WASHINGTON – Jan. 6, 2014 – Mortgage giants Fannie Mae and Freddie Mac announced an extension of their “first look” programs, granting buyers seeking a primary residence a full 20 days to submit offers on REO properties ahead of investor competition. Previously, the First Look period was 15 days long. Freddie Mac’s program operates under HomeSteps First Look initiative and Fannie Mae’s version operates under the HomePath system. The expanded 20-day program took effect for HomeStep listings on or after Dec. 17. Fannie Mae’s First Look HomePath program was effective for properties listed … (0 comments)
Organize Your Garage for Under $50. View Photo Gallery 1 of 5 Round up Wheels Bicycles, skateboards, scooters, and rollerblades — wheeled belongings can get underfoot and land you on your assets or bang up the car. Protect your paint job (not to mention your backside) with these wily storage solutions for your garage. Hoist bicycles to the rafters with a rope-and-pulley system ($22) that makes it easy to raise the bike and lock safely in … (10 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: RealtyTrac: All-cash sales hit new high in Nov, FL 62.7%
- 12/22/13 08:49 PM
RealtyTrac: All-cash sales hit new high in Nov. IRVINE, Calif. – Dec. 20, 2013 – RealtyTrac released its November 2013 U.S. Residential & Foreclosure Sales Report today. Overall, RealtyTrac says nationwide sales of all home types – single family, condos and townhomes – rose 1 percent month-to-month and 10 percent year-to-year. The national median sales price of all residential properties – including both distressed and non-distressed sales – was $169,000 in November, up 1 percent from October and up 7 percent year-to-year. It’s the 19th consecutive month median home prices have increased on an annualized basis.
The median price … (0 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Overall Median Home Price Hits 57-Month High in Naples FL
- 12/21/13 09:01 PM
Naples, Fla. (December 20, 2013) - Not since March 2009 has the overall median home price been above $225,000. According to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the overall median home price for November 2013 was $237,000. The Naples area housing market's November 2013 Southwest Florida MLS statistics show a 19% increase in overall median closed price from $200,000 for the 12-months ending November 2012 to $237,000 for the 12-months ending November 2013. The report also shows overall pending sales for homes between $300,000 … (0 comments)
Gov. Scott announced this morning that the state shaved 0.3% off its unemployment rate, dropping it to 6.4% compared to the nation’s 7% rate. It’s Fla.’s lowest unemployment rate in five years and a key indicator of future growth in the housing market. WASHINGTON (AP) – Dec. 20, 2013 – The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending. The Commerce Department’s final look at … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Fla.’s housing market reflects changing conditions in Nov. 2013
- 12/19/13 08:51 PM
Fla.’s housing market reflects changing conditions in Nov. 2013 ORLANDO, Fla. – Dec. 19, 2013 – Florida’s housing market reported higher median prices, more new listings and a stabilizing supply of homes for sale, according to the latest housing data released by Florida Realtors®. “As Florida’s economy gains strength, it signals new trends for the housing market,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “In November, we marked 24 months – 2 years – of consecutive gains in statewide median sales prices, year-over-year, for both single-family homes and for townhouse-condo properties. With prices … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: U.S. home construction hits highest pace in 5 years
- 12/18/13 08:37 PM
U.S. home construction hits highest pace in 5 years WASHINGTON (AP) – Dec. 18, 2013 – U.S. builders broke ground on homes at the fastest pace in more than five years, strong evidence that the housing recovery is accelerating despite higher mortgage rates. The Commerce Department said Wednesday that developers began construction on houses and apartments in November at a seasonally adjusted annual rate of 1.09 million. That’s 23 percent more than October’s pace of 889,000 and the fastest since February 2008, just a few months after the recession began. Construction of single-family homes jumped 21 percent to an annual … (4 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Will buyers care if a housing market is 'healthy'?
- 12/17/13 10:11 PM
SEATTLE – Dec. 17, 2013 – The nation’s healthiest housing markets in October are clustered in California and the rest of the West, according to the newly released product from Zillow – the Zillow Market Health Index. Zillow’s Market Health Index purports to measure, on a scale from 0 to 10, the current health of a region’s housing market compared to other national housing markets. Calculated monthly at the ZIP code, neighborhood, city, county, metro and state levels, Zillow says it’s a key component of its re-designed local information pages. According to Zillow, it uses 10 different metrics to determine whether … (0 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Q&A: How can the self-employed get a mortgage?
- 12/16/13 10:02 PM
FORT LAUDERDALE, Fla. – Dec. 16, 2013 – Question: I am self-employed and make a good living. I want to buy a house, but it’s hard to document my income. So I’ve been getting turned down for a mortgage, even though I’m willing to make a large downpayment. Any hope for me? – Trevor Answer: With banks and the federal government tightening lending requirements, it has become increasingly difficult for people who don’t get regular paychecks to qualify for loans. Although still rare, “stated income” loans are making a comeback. But they require very high credit scores, large downpayments and deep cash … (3 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Apartment rents to rise 3% next year.
- 12/16/13 09:57 PM
WASHINGTON – Dec. 16, 2013 – Higher rents are ahead next year for the nation’s apartment dwellers, but some cities will see smaller bumps than in recent years, market researchers say. Rents will increase 3.1 percent nationally next year, about the same as this year, apartment market researcher Axiometrics says. Researcher Reis sees rents rising an average of 3.3 percent in 2014. Tight supply and rising demand are still the key drivers. “The construction pipeline really closed during the recession. We’re still clawing our way back,” says Ryan Severino, Reis chief economist. Cities that have seen some of the sharpest increases will … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Home for the holidays: Eviction moratorium
- 12/14/13 09:42 PM
WASHINGTON – Dec. 13, 2013 – Many U.S. homeowners facing eviction won’t lose their homes over the two-week holiday at the end of December. Fannie Mae and Freddie Mac – the mortgage giants that buy loans from banks and control roughly half the mortgages in the U.S. – offered a similar no-eviction program in previous years. Fannie Mae will suspend evictions of foreclosed single family and 2-4 unit properties from Dec. 18, 2013, through Jan. 3, 2014. Legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be allowed to remain in their home. “We encourage any … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Retirement communities find spry holiday sales
- 12/13/13 08:45 PM
TAMPA, Fla. – Dec. 12, 2013 – Tampa-area practitioners who specialize in selling homes in retirement communities report that sales are typically brisk around the holidays, and this year is no exception. Gary Ward with Century 21 Beggins Enterprises in Sun City Center reasons that home sales pick up in December as baby boomers nearing retirement visit their moms and dads for Christmas and are drawn in by the warmer temperatures. “December is the start of our season here,” he says. “In the ‘normal world’ of real estate, it’s April because of the tax returns people can use for downpayments.” Ward reports … (0 comments)
The 15 percent monthly decrease in November was the biggest month-over-month decrease since November 2010 when U.S. foreclosure activity plummeted 21 percent in one month following the revelation of the so-called robo-signing scandal in October 2010. While the drop reflects all homes somewhere within the foreclosure process, a decline in the number of homes receiving their first foreclosure notice reflects a stronger improvement. … (0 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Trulia’s turn for 2014 forecast: In short, optimism
- 12/11/13 09:13 PM
SAN FRANCISCO – Dec 11, 2013 – Trulia, Inc. today published its look back at the U.S. housing market’s uneven recovery in 2013. It finds a housing market moving back to its pre-bubble “normal” level from the worst of the recession. Throughout 2013, the housing recovery has progressed on most fronts but remains unbalanced, according to Trulia’s analysis. Of the five key indicators that Trulia now follows, three are on track towards a full recovery: Non-distressed home sales and prices are approaching normal levels and could reach them in 2014; and the delinquency + foreclosure rate also improved significantly. But construction … (2 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: Fed official hints at early taper
- 12/10/13 09:09 PM
WASHINGTON – Dec. 10, 2013 – James Bullard, president of the Federal Reserve Bank of St. Louis, opened up the possibility of a small reduction in the Fed’s bond-buying program, another sign the central bank may soon shrink its 15-month-old monetary stimulus. Speaking at the CFA Society of St. Louis on Monday, Bullard said an improving job market could let the Fed slow down its program of buying $85 billion in long-term bonds every month. Employers have added more jobs than economists expected since the program was announced in September 2012, and the unemployment rate, now 7 percent, has fallen twice … (0 comments)
homes for sale bonita springs naples foreclosures short sales pools lee collier fort myers investment golf gulf pool relocate bob forman buy: CoreLogic: 48,000 completed foreclosures in Oct.
- 12/09/13 09:16 PM
IRVINE, Calif. – Dec. 9, 2013 – CoreLogic released its October National Foreclosure Report. It finds 48,000 completed foreclosures in the U.S. in October 2013 – a sale where the bank actually took the home – down from 68,000 in October 2012 for a year-over-year decrease of 30 percent. On a month-over-month basis, completed foreclosures decreased 25.6 percent from 64,000 reported in September. According to CoreLogic, Florida had 114,588 completed foreclosures year-to-year by October. As a judicial state – meaning one in which foreclosures generally take longer because they must go through the court system – the recovery has taken more … (0 comments)
The economy has been set free (for now)
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