Bonita Springs Home Market Report January 08

February 18, 2008

Real estate market conditions for Bonita Springs shows the median sold price increasing and new listings less than last January.  Pending sales are down from last year, but higher than December 2007. Closed sales were down from December, in addition, to 2007 and 2006 closed sales.
New Listings – in January 2008 Bonita Springs showed [...]

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Naples Home Market Conditions January 08

February 18, 2008

The Naples single family home market conditions is continuing to show a trend of less listings coming on the market in January 2008. Pending sales are also showing an improvement in the number of homes having offers which are being accepted by the sellers. The number of closed sales were down from previous years as [...]

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Naples Real Estate News 02/18/08

February 18, 2008

Real estate updates for Naples, Bonita Springs and Estero are beneficial for both existing home owners and potential buyers of homes in the southwest Florida – to keep them abreast of what is happening both nationally and locally.
MORTGAGES – Letters are being sent by interested parties to the federal regulators urging them to [...]

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Naples Real Estate News 02/15/08

February 15, 2008

MORTGAGE RATES – The average rate on 30-year mortgages remained below 6 percent this week, but rose to its highest level in five weeks: 5.72 percent.
HOME SALES – Roughly half of the nation’s metropolitan areas continued to show rising home prices in the fourth quarter of 2007, according to the latest quarterly survey by National [...]

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Naples Real Estate News 02/14/08

February 14, 2008

HOME AND CONDO SALES – In fourth quarter 2007, Florida’s housing sector continued to report high inventory levels of homes for sale in many markets, median prices edging down and sales activity levels that reflect the impact of tighter lending standards and uncommitted buyers.
The fourth quarter 2007 market conditions for Naples homes, Naples condos, Bonita [...]

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Naples Real Estate News 02/13/08

February 13, 2008

TITLE INSURANCE – Florida is one of six states taking a closer look at title insurers. The collapse of the housing boom is bringing harsh new scrutiny to the $17 billion title-insurance business, including allegations that insurers colluded illegally and paid kickbacks to get business.
FORECLOSURES – Florida has a problem with foreclosures, but it’s [...]

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Naples Real Estate News 02/11/08

February 11, 2008

HOMEOWNERS INSURANCE – Florida lawmakers may revisit property insurance changes instigated last year. A $12 billion increase in state-backed reinsurance was supposed to drop homeowners’ premiums by 24 percent, but it didn’t work that way. And some legislators now think the state’s increased financial risk overshadows the minimal savings.
HOUSING AND URBAN DEVELOPMENT – The FHA [...]

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Naples Real Estate News 02/08/08

February 8, 2008

MORTGAGE RATES – Rates on 30-year mortgages dipped slightly this week to an average of 5.67 percent, the fifth decline in the past six weeks, according to Freddie Mac’s weekly nationwide survey.
ECONOMIC STIMULUS – The biggest winners in the economic stimulus plan now awaiting President Bush’s signature: homeowners in high-cost areas able to refinance their [...]

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Naples Real Estate News 02/07/08

February 7, 2008

HOMESELLERS – Some sellers may need to be convinced that the price they want for their home is not the price they’re going to get.
A survey finds that many homeowners are an optimistic lot with a glass half full. While most homes have decreased in value nationwide, 77 percent of owners believe their own home [...]

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Naples Real Estate News 02/06/08

February 6, 2008

HOMEOWNERS INSURANCE – After two days of Florida Senate panel hearings, it appears some of the state’s biggest insurers used loopholes to skirt a requirement that they pass on savings from a state-backed financial safety net to homeowners.
Two Florida lawmakers this week reviewed findings of a national study from the James Madison Institute, which examined [...]

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