Naples Real Estate News 02/28/08

February 29, 2008

The real estate news today is more from national perspective than from the Naples, Bonita Springs and Estero focus, but still has an impact on the local real estate markets.
MORTGAGES – The federal regulator for Fannie Mae and Freddie Mac said yesterday that it would lift restrictions on the amount of mortgages the [...]

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Naples Real Estate News 02/27/08

February 27, 2008

FORECLOSURES – The White House has pledged to veto a bill that it claims would slow a housing recovery. Among other proposals, the bill would change bankruptcy laws and empower judges to change borrowers’ mortgage terms; and it would provide $4 billion to buy and rehabilitate foreclosed homes.
HOME PRICES – The bad news: Home prices [...]

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Naples Real Estate News 02/26/08

February 27, 2008

HOUSING MARKET – The National Association of REALTOR’s housing report yesterday had some good news. While the sales numbers were down, they weren’t as dismal as many economists expected. Some investors saw that as positive news, and a sign that the housing downturn is on the verge of bottoming out.
Looking at the local statistics for [...]

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Naples Real Estate News 02/25/08

February 27, 2008

FLORIDA HOME SALES – The mortgage credit crunch and a sluggish economy continued to affect the sales pace of existing homes and condos in Florida in January, with a total of 6,737 existing single-family homes sold statewide, a decrease of 28 percent from January 2007, according to the Florida Association of REALTORS. The statewide median [...]

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Naples Real Estate News 02/22/08

February 25, 2008

MORTGAGE RATES – Buyers waiting for lower property prices could lose out even if prices do drop a bit more. Rates on 30-year mortgages rose to the highest level in seven weeks, breaking above the 6 percent level, and heightened worries about inflation could cause further increases. To put this into perspective for those looking [...]

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Short Sales The MAGIC Pill – Are They?

February 23, 2008

There many real estate agent professionals touting the short sale as the MAGIC pill for property owners as a cure all for any situation from loans based upon dishonest income information (stated income loans – “liar loans”) to real estate investors that are not realizing the profits they anticipated.

People are always looking for the [...]

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Naples Real Estate News 02/21/08

February 22, 2008

HOMEOWNERS INSURANCE – Homeowners insurance wasn’t supposed to be a big issue in the 2008 Legislature. But it is. “Continuing to have our friends in the Legislature keep the industry’s feet to the fire is incredibly important,” Florida Governor Crist said during an interview with The Associated Press.
JUMBO LOANS – Don’t expect sharply lower rates [...]

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Blog Makes Top 100 Real Estate Blogs

February 21, 2008

Today, I was very surprised to find this blog to ranked in the Top 100 Real Estate Blogs as per Top 100 Real Estate Blogs.
The ranking is determined by Google Page Rank, Technorati Rank, and Alexa rankings.
The blog is entitled Naples Real Estate News and Market Updates and does cover the communities of Bonita Springs [...]

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Naples Real Estate News 02/20/08

February 21, 2008

HOMEOWNERS INSURANCE – ALLSTATE – State regulators yesterday outlined why they want to bar Allstate Insurance Co. and its affiliates from selling policies in Florida. Allstate’s recent actions, according to the complaint, demonstrate “a continuing attempt to improperly subvert, manipulate and undermine the regulatory process.”
REAL ESTATE MARKET – Slow home sales in traditional “feeder markets” [...]

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Naples Real Estate News 02/19/08

February 19, 2008

Today’s real estate news for Naples, Estero and Bonita Springs covers the following topics – positive signal for real estate buying and affordable housing. Potential buyers and sellers of residential properties need to watch signals in the real estate market beyond just the volume and median price changes, which occur from month to month or [...]

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