http://www.housingpredictor.com/2011/florida-housing-market.html
Cape Coral Florida
Provided by CapeCoralRealEstate
Wednesday, May 4, 2011
Cape Coral housing market
Thursday, April 14, 2011
Lee and Collier counties added a quarter-million residents over the last decade
Data Release by news-press: Lee and Collier counties added a quarter-million residents over the last decade, a robust population increase that followed some of the most dramatic economic swings in Southwest Florida history.
In total, Lee grew more than 40 percent between 2000 and 2010, and now has a population of nearly 620,000. Collier jumped a more modest 28 percent.
Much of that growth likely took part during the first half of the decade, when pre-recession prognosticators envisioned a Lee County topping 670,000 people by this time.
Though Cape Coral remains the highest-populated municipality at about 154,000, Lee’s growth areas were primarily to the south and east of Interstate 75.
Cape Coral’s population growth of nearly 51 percent is healthy, though members of the industry thought the population might be as many as 10,000 people higher, said H. M., executive director of the Cape Coral Construction Industry Association.
The results keep Cape Coral among the state’s most populated cities and there are signs of a turning market, she said. “There’s movement,” she said. “We’re still cautiously optimistic.”
Cape Coral Florida
Provided by CapeCoralRealEstate
Wednesday, April 13, 2011
Sunday, March 27, 2011
Buyers ready to snatch bargains this spring
Buyers ready to snatch bargains this spring
WASHINGTON – March 23, 2011 – Bargain prices on housing combined with low interest rates below 5 percent may bring the real estate market its busiest spring season in years, economists say.
Distressed sales continue to put downward pressure on home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying season.
Some builders are ramping up discounts on new homes as well as boosting commissions to brokers to try to spark more transactions.
Sellers of existing-homes also are getting more competitive in pricing their homes.
“After three years of the housing downturn, people are becoming much more realistic in terms of valuing their homes,” says Lawrence Yun, chief economist at the National Association of Realtors®.
An improved job market with better income potential may also motivate more people to buy, says David Berson of the PMI Group. “Household formations are also very important,” Berson says. “Kids may have moved back in with their parents, or two people may have moved in together because of job concerns. Now they can move into their own place.”
While interest rates are sitting comfortably below 5 percent for now (30-year fixed rates averaged 4.76 percent last week), economists warn the attractive low rates won’t last long.
“Few think mortgage rates are going lower,” says Mark Zandi, Moody’s Analytics chief economist. “It’s more likely they will be 6 percent than 4 percent next spring. This lights a fire under buyers.”
Source: “Discounts expected in spring housing market,” The Wall Street Journal (March 22, 2011)
Cape Coral Florida
Provided by CapeCoralRealEstate
Monday, March 21, 2011
Florida's existing residential market update: condo and home sales up in February 2011
Florida’s existing residential market update: condo and home sales up in February 2011
Home sales rose 13% compared to February 2010; condo sales up 29%. Nationally, sales dropped 9.6 % last month, according to National Association of Realtors
Cape Coral Florida
Provided by CapeCoralRealEstate
Subscribe to:
Posts (Atom)