Prices on Track for 7.1 Percent Increase

From RISMEDIA, Thursday, December 27, 2012: “October [home] prices nationwide, including distressed sales, increased on a year-over-year basis by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, according to the latest data from CoreLogic.” … Continue reading

More Americans Believe Economy Headed in Right Direction

In an article by Pete Bakel for RISMedia, the writer says “Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.” Fannie Mae believes this increased confidence in the housing market will bring about continued strength in the … Continue reading

Naples Single Family Home Median Closed Price Rises In All Zip Codes

Condo Market Remains Strong   Naples, FL (November 16, 2012) – The single family home median closed price rose 10 percent overall with increases in all zip codes for the 12-months ending October 2012. In addition, the condominium median closed price increased 4 percent in all zip codes for the same time … Continue reading

Stronger Growth Projected for Naples-Marco Island Area

The Naples-Marco Island metro area is projected to grow more strongly than approximately twelve other Florida metro areas. A recent report issued by the University of Central Florida’s Institute for Economic Competitiveness indicates the highest personal income growth of 5.7 percent in the reports 12 metro areas. In addition the … Continue reading

Home Values on the Rise

Waterfront homes in Park Shore area of Naples, Florida

CNNMoney reported that home prices have been rising, second quarter 2012 showed the first increase in prices since 2007. Stan Humphries, chief economist for Zillow said “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.” In his opinion markets like Phoenix, … Continue reading