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Category Archives: Real Estate News
Naples area housing inventory hits a 5-year low – Must Read
Buyers hunting for homes in the Naples area this season won’t find as many choices. The housing inventory has hit a five-year low, according a report released Friday. Read More.
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The Experts are saying ….
John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming … Continue reading
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You may owe federal income taxes in 2013 if you have a short sale, foreclosure
You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is … Continue reading
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Study: Watch wording on insurance policies
Homeowner insurance policies can vary greatly, and if homeowners aren’t careful, they may find their claims denied when disaster strikes, according to a study to be published early next year by the University of Chicago Law Review. Read More.
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Richard White: Tips on how to identify a well-managed condo association
Richard’s article is a must read if you’re in or thinking about purchasing in an association. Read More.
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Tourist tax collections up year-over-year in Lee County
Preliminary tourist tax collections were up year-over-year, but visitors were fewer in October. Read More.
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Foreclosure filings drop in Lee County in November
Lee County saw a drop in new foreclosure filings in November. There were 587 filings, down from 642 in October, according to a report by the Lee County Clerk’s Office. Read More.
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Thinking about becoming a landlord? You should know this
With real estate prices low, many people are considering buying an investment property and becoming a landlord. It might sound simple, but real estate pros warn that there’s a lot to know. The landlord who doesn’t follow such basic guidelines … Continue reading
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Question: I read in the paper that the banks are starting the foreclosures again. I just got served with a foreclosure lawsuit. Can you explain the process in layman’s terms?
Answer: Each state has different versions of the foreclosure process. In Florida and some other states, a lender must get permission from a judge before it can repossess your home. When you are served with a foreclosure lawsuit – Read … Continue reading
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The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year. … Continue reading
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Richard White: Only the members have right to change the common elements
As usual, Richard has some good information for those that live in condos or HOA’s. Definitely, Read More.
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Renters spend 5% more than homeowners
Rising rents are forcing renters to outspend homeowners on housing costs, according to a new study. Read More.
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Rate on 30-year mortgage below 4 pct. for 2nd time in History
Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent last week. Read More.
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Florida’s existing home and condo sales up in September
Florida’s existing home and existing condo sales continued their upswing in September, according to the latest housing data released by Florida Realtors®. Existing home sales increased 10 percent last month with a total of 15,036 homes sold statewide compared to … Continue reading
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Richard White: Where can I fill a complaint against my HOA?
For the answer and more information – Read More. He’s always worth reading.
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Rate on 30-year mortgage falls to record 3.94 percent
The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. Repeat the LOWEST RATE EVER. In a healthy economy rates should be in the 5.5-6% range. Anyone considering buying real estate at … Continue reading
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Mediterra Wins Community of the Year award
For the seventh time in 11 years, the Mediterra Golf and Beach Club community in Naples has been named Community of the Year by the Collier Building Industry Association. It was also the second straight year that Mediterra has won … Continue reading
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Rob Samouce: Associations can collect the rent when owners are delinquent in their assessments
Rob describes how the association can proceed solving this problem. He’s always good to read. Read More.
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Richard White: Can formula for calculating insurance be changed?
Richard answers association questions and is always interesting. Read More.
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Richard White: President is elected as a director first and should vote
Richard regularly gives great information on HOA and Condo Association rules. A must read for those that are in one or contemplating buying home in one. Read More.
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