property: Floridians’ confidence shaken by gov’t shutdown - 10/30/13 10:24 PM
GAINESVILLE, Fla. – Oct. 30, 2013 – Florida’s consumer confidence fell sharply in October to 71, a seven-point drop compared to September and its lowest level in nearly two years, according to a new University of Florida (UF) survey.
“This is the lowest reading since December 2011 following the last debt ceiling showdown in August of that same year,” says Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research.
“Confidence among Floridians was already declining prior to any indication of a shutdown and debt ceiling debate,” McCarty adds. “However, there is no doubt that confidence in … (0 comments)

property: How investor owners make their choices - 10/25/13 10:35 PM
American Home passes on stucco homes. Silver Bay Realty Trust avoids cedar siding.
Investment companies that buy homes out of foreclosure or other distress situations usually can’t get inside them to see what kind of shape they’re in. Nor do they have the time or manpower to do so.
Instead the firms use criteria and processes – some still evolving – to ensure a house is a decent bet to pay off in the long run.
For instance, water can get behind the stucco if it isn’t sealed properly, said Lee Budden, a broker with Keller Williams First Atlanta who has … (0 comments)

property: Investors bought 14% of U.S. homes in Sept. - 10/24/13 09:57 PM
IRVINE, Calif. – Oct. 24, 2013 — RealtyTrac’s September 2013 U.S. Residential & Foreclosure Sales Report, which includes single-family homes, condominiums and townhomes, found homes sales up 2 percent from August and 14 percent compared to September 2012. It also found a preponderance of purchases by investors and all-cash sales.
The national median sales price of all residential properties — including both distressed and non-distressed — in September was $174,000, up 1 percent from a revised $172,000 median price in August and up 6 percent from a $164,500 median price year-to-year. Distressed sales combined accounted for 25 percent of all … (0 comments)

property: Home prices up slightly in August Nationally - 10/23/13 10:20 PM
WASHINGTON – Oct. 23, 2013 – The U.S. Federal Housing Finance Agency’s House Price Index rose 0.3 percent in August with prices now higher for 19 consecutive months, the agency said.
The agency said the previously reported July increase was revised lower from 1 percent to 0.8 percent.
The index keeps track of prices of homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., better known as Freddie Mac and Fannie Mae, respectively.
The FHFA said the price index, while up for 19 months, is 9.4 percent less than the April 2007 … (0 comments)

property: Haunted house? 62% would consider buying one - 10/22/13 10:59 PM
 SAN JOSE, Calif. – Oct. 22, 2013 – – The National Association of Realtors®’ (NAR) consumer-facing website operated by Move Inc. – released the results of its Haunted Housing Report that explored consumer sentiments about their perceptions of “haunted” real estate.
“Survey data reveals that while the majority of consumers are open to purchasing a haunted home, many buyers conduct their own research on a home’s history to be aware of any weird incidences,” says Alison Schwartz, VP of corporate communications for Move. “Data also finds that while some respondents are willing to purchase a haunted home at a discounted price, … (0 comments)

Bob Forman, Working 7 days a week for my clients & staff. (Lannon Stone Realty, LLC)

Bob Forman

Working 7 days a week for my clients & staff.

Sussex, WI

More about me…

Lannon Stone Realty, LLC

Address: 34135

Mobile: 239-322-7672

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Real Estate information mostly about SW Florida to include Naples, Bonita Springs, Estero, Fort Myers, Cape Coral, Lehigh Acres and more.




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