Summer Home Prices Heating up with Stock Market, Jobs & Interest Rates

By
Real Estate Agent with John R. Wood REALTORS

Naples, Bonita Springs & Ft. Myers Beach

 

Some intriguing news coming from several different sources and their effect on the market and the economy, both locally, statewide & Nationally. 

 

Hertz is Relocating their Corporate Headquarters to Estero near Coconut Point. Hertz World Headquarters moving to Estero, adjacent to Fountain Lakes , with 700 jobs paying an average of $102,000. What effect u think that will have on home-prices? - Hertz News Article from USAToday.  

 

NaplesNews.com - MEDIAN HOME PRICES INCREASE 17 PERCENT IN MARCH 2013 

 

I heard the chief-economist, Lawrence Yun of the National Association of Realtors speak the other day in Washington in a room filled with industry leaders (builders, developers and Realtors) in public policy.  The nation as a whole has a shortage of inventory and the projections of the effect that building is having on the economy is driving jobs, the stock market and supporting the large deficits of the Federal Government.  They expect that trend to continue for the next 5 years, with the expectation in Florida for prices to increase between 4-8%.  All 50 states have positive projections over the next 12 months for the first time in more than 6 years.  The major headwinds three speakers saw that could possibly derail the economy are the Federal Government eliminating the Home interest deduction and raising down-payment requirements for first-time home buyers.

 

If you want to see all the historical and forecast projections, here is the link to the slides in his presentation - http://static.coreapps.net/nar_midyear13/handouts/4e192e9c59124284346d21d3f5bfca85_378.pdf .

 

Rise in Interest Rates in the last 24 Hours reduced Purchasing Power by 5% -  CNBC, Growing Home Prices.

 

If I can assist you in any way I am happy to do so.  Have a great week!

 

The Grup-Link Properties Group is where you'll find the market knowledge, negotiation skills and technology needed to efficiently and effectively deliver the results you need!


-Garren Grup & Nina Link

Naples Condos, Homes & Automated updates at www.ViewAllNaplesHomes.com 

Bonita Springs Properties & Automated updates at www.BonitaSpringsHomeSearcher.com

 

For more information, connect with Garren:

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Please Feel Free to Call, Email or Connect with Garren for additional market information
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Garren Grup is a Real Estate Consultant, REALTOR®, ABR, GRI, CNE, CDPE, SFR, CREN. Noteworthy Results in Luxury properties, Golf course homes, beachfront and vacation escapes!

 
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Florida Collier County Naples
Groups:
All Things Florida
Waterfront Agents
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Anything Southwest Florida Area
Bonita Springs, Naples & Estero Life
Tags:
increasing interest rates
rising prices
improving economy
recovering real estate market
soaring stock market
reduced home inventory

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Garren Grup

REALTOR, ABR, CNE,CDPE, GRI, Naples & Bonita Springs, FL
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