Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.
The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.
Lawrence Yun, chief economist for the Realtors, said a sales turnaround first seen in California was beginning to broaden to other regions of the country including Colorado, Kansas, Minnesota, Missouri and Rhode Island.
The rise in September sales pushed activity to a seasonally adjusted annual rate of 5.18 million units last month. Sales were up 9.6 percent on a year-over-year basis before adjusting for seasonal changes.
By region of the country, sales soared by 16.8 percent in the West and rose a more moderate 4.4 percent in the Midwest and 2.2 percent in the South. The only region of the country which saw a decline was the Northeast, where sales fell by 1.1 percent.
Source: naplesnews.com
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Saturday, October 25, 2008
Monday, October 6, 2008
Naples Heritage Real Estate - September Closed Sales
Naples Heritage Golf Course Homes September 2008, Closed Sale information
36 Active
Source: SunshineMLS, Inc.
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36 Active
Source: SunshineMLS, Inc.
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Tuesday, September 30, 2008
CNN Money Ranks Collier County the 4th Best Place for a Long Life!
#4 Collier County, FLTowns include: Golden Gate, Naples -Life expectancy at birth: 80.97 years.
Collier County, which includes the city of Naples, is the picture of Florida leisure.
By land area, Collier is the largest county in the state, and 80 percent of it is devoted to parks and nature preserves. Any kind of water-related recreation or exercise you can think of is readily available. Naples has long been a destination for artists: Take a class at the Von Liebig Center or just work your way through the county's 100-plus art galleries.You can also take in a show-or star in one-with the Naples Players, which is recognized as one of the nation's top community theaters.
source: cnnmoney.com
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Collier County, which includes the city of Naples, is the picture of Florida leisure.
By land area, Collier is the largest county in the state, and 80 percent of it is devoted to parks and nature preserves. Any kind of water-related recreation or exercise you can think of is readily available. Naples has long been a destination for artists: Take a class at the Von Liebig Center or just work your way through the county's 100-plus art galleries.You can also take in a show-or star in one-with the Naples Players, which is recognized as one of the nation's top community theaters.
source: cnnmoney.com
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Tuesday, September 16, 2008
Naples Heritage Real Estate - August Closed Sales
Naples Heritage Golf Course Homes August 2008, Closed Sale information
36 Active
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36 Active
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Saturday, August 30, 2008
Existing single-family home sales up 80 percent in Fort Myers/Cape Coral
Sales made with the help of a Realtor in Southwest Florida rose again in July. Existing single-family home sales — or resales — grew by 80 percent to 768, from 426 a year ago, in the Fort Myers/Cape Coral market.
Condo sales rose 35 percent to 174, from 129 a year ago, according to statistics from the Florida Association of Realtors. On Marco Island, 31 single-family homes sold, up 19 percent from 26 a year ago. Condo sales rose 5 percent to 41, up from 39 in the same month last year.
[T]he Naples Area Board of Realtors in its own market report showed sales continued to rise in July. There were 361 home sales, up 31 percent from 275 a year ago.
Source: naplesnews.com
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Wednesday, August 13, 2008
Naples Heritage Real Estate - Closed Sale Info
Naples Heritage Golf Course Homes July 2008, Closed Sale information
32 Active
1 Pending
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32 Active
1 Pending
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Thursday, July 24, 2008
REALTORS® Pledge Support to Finalize Housing Stimulus Bill
The U.S. Senate has passed a bipartisan housing stimulus bill that “is a big step toward helping people buy and keep their homes,” said National Association of Realtors® President Dick Gaylord. The Senate action moves a housing stimulus package closer to law, which would help bring stability to the housing market and stop the rising rate of foreclosures.
“We are eager for the House and Senate to come together to finalize an aggressive bill that will ensure that every American who can afford to own a home and wants to do so will have the opportunity, and that every American who responsibly owns a home is able to keep it,” said Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif.
NAR has expressed ongoing support for many of the provisions in the legislation, including Federal Housing Administration Modernization that will simplify and make FHA-backed mortgages more available, a tax credit for first-time home buyers, reform of government-sponsored enterprises Fannie Mae and Freddie Mac, permanent increases to both GSE and FHA loan limits, and a program to expand FHA that would allow more mortgages to be refinanced.
“The tax credit for first-time home buyers would be a strong stimulus to a weak housing market, and FHA stabilization should help thousands of families refinance existing mortgages and in many cases keep their homes,” said Gaylord.
Source Realtor.org
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“We are eager for the House and Senate to come together to finalize an aggressive bill that will ensure that every American who can afford to own a home and wants to do so will have the opportunity, and that every American who responsibly owns a home is able to keep it,” said Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif.
NAR has expressed ongoing support for many of the provisions in the legislation, including Federal Housing Administration Modernization that will simplify and make FHA-backed mortgages more available, a tax credit for first-time home buyers, reform of government-sponsored enterprises Fannie Mae and Freddie Mac, permanent increases to both GSE and FHA loan limits, and a program to expand FHA that would allow more mortgages to be refinanced.
“The tax credit for first-time home buyers would be a strong stimulus to a weak housing market, and FHA stabilization should help thousands of families refinance existing mortgages and in many cases keep their homes,” said Gaylord.
Source Realtor.org
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