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
The number of improving housing markets was up by 76 to 201 according to recently released data. The number of states on the list increased from 38 to 44. According to NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Florida, housing and economic indicators have been steady or improving across the country … Continue reading
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
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
PENDING HOME SALES INCREASE 12 PERCENT THIRD QUARTER Naples, FL (October 19, 2012) – A 12 percent jump in overall pending sales marked the third quarter of Naples Area real estate, as compared to the third quarter 2011. In addition, overall pending sales for September 2012 increased 22 percent compared … Continue reading
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
(As of October 2012) A basic method used in evaluating home prices is to study total inventory of listings in relation to home sales for the past 12 months. The theory is that if the sum total of homes for sale exceeds the most recent 12 month sales, a Buyers … Continue reading
