Naples Real Estate News - 06/22/07
HOME VALUES - Homeowners still have an amazingly optimistic attitude about the value of their homes, with almost 75 percent believing they could sell their home within the next six months at a price they set. That’s good for the industry but presents a challenge for real estate agents working with home sellers. Although this is a national study, it does hold true for Naples Fl real estate homeowners.
MORTGAGE INTEREST RATES - As investors digested news that suggested the economic drag from real estate could last longer than expected, interest rates on 30-year mortgages edged down this week to an average of 6.69 percent, according to Freddie Mac’s weekly nationwide survey.
HOMEOWNERS INSURANCE - It’s old hat in Florida, but homeowners in other coastal states are now finding out what it’s like to have a significant number of property-insurance policies issued by a state-run agency.
FHA MORTGAGES - Over the past eight years, the FHA has become less and less important. Subprime lenders took away many homebuyers; home prices rose far above FHA lending limits; and FHA approval takes far longer than 24 hours. But the FHA’s resurrection may be at hand.
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