Metas
Naples Real Estate News - 11/28/07
HOME SALES - Disruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.
MORTGAGES - After avoiding major trouble most of the year, Wells Fargo & Co. has finally bogged down in the mortgage muck that’s muddying one major bank after another – but it’s still in better shape than many of its peers.
FLORIDA CONSUMER CONFIDENCE - Florida’s consumer confidence dropped two points to 77 in November, a new University of Florida study finds.
ECONOMY - Florida tourism rebounded strongly during the heart of hurricane season, helping to boost the state’s economy, according to new figures from Visit Florida. More than 21 million people visited the Sunshine State from July 1 to Sept. 30 – a 4.8 percent increase over a year ago.
HOMETOWN DEMOCRACY - A new law that allows voters to revoke their signatures on petitions for constitutional amendments survived an initial court challenge Tuesday. The ruling raises the bar for advocates of Hometown Democracy, which if passed, would require voter approval for comprehensive development plan changes. An appeal is expected.
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2 Responses to “Naples Real Estate News - 11/28/07”
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So the housing market is pretty low right now. What does that mean to you the individual?
If you’re an investor now is the time to invest while interest rates and homes prices are down.
If you’re a home buyer now is the time to buy.
If you’re a home seller, tough luck… unless you can wait a while for the market to come back.
I haven’t been to Naples since 05. What a time. I was told that Naples was one of the richest zip codes in America. I would rather be there than here in Michigan.