2013 Saw a Rebound in the Housing Market. What’s In Store for 2014?

03 Jan

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The Fort Myers News Press says the housing market rebounded in dramatic fashion last year. Here’s a recap of 2013: At the end of last year, permits to build new homes were up while foreclosures were down. New home permits went up a whopping 40 percent while foreclosures fell by 45 percent rounding out the... Read more »

Naples Gets its Very Own Biden

02 Jan

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Naples just became home to another major celebrity family. James Brian Biden and his wife Sara bought their new 5-acre property located on Keewaydin Island, on Dec. 23 for $2 million. And public records show a mortgage of $2.1 million due in 2018. The Biden’s are in the company of celebrities like Bob Seger, who... Read more »

Hipster Zip Codes on the Rise

30 Dec

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Hipsters. Yes, ladies and gentlemen, hipsters have taken over real estate. In fact, the Washington Post just wrote an article about them. Okay, they haven’t really taken over, but zip codes popular with these young professionals are ripe for real estate investment. “Thanks to an influx of trendy restaurants, bars, coffee shops and other amenities,... Read more »

All of the Homes for Sale in the Country Total a Whopping $25 Trillion

29 Dec

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If you added up all of the homes for sale in the United States in 2013, it would cost you $25 trillion to buy them all, according to Zillow. All the homes for sale in the country are worth more than the combined gross domestic products (GDP) of China and the U.S. in 2012. To... Read more »

Mortgage Roundup: December 2013

27 Dec

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December has been an interesting month for mortgages. U.S. rates for fixed mortgages climbed this week, but rates are still low by historical standards. Mortgage buyer, Freddie Mac, said that the rate on the 30-year loan, the most popular product for homebuyers, increased to 4.48% from 4.47% last week. And the average on the 15-year... Read more »

The Florida Real Estate Market Going into 2014: What to Expect

26 Dec

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There have been 17 recessions since the Great Depression and Real Estate has proven to be an industry that can survive anything. The real estate market hasn’t been great lately, but as 2013 has proven to be a lucrative year for real estate. In fact, gains in 2014 are expected to be half of what... Read more »

Zombie Titles and Haunted Houses

24 Dec

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Just when you thought we were completely done with Halloween, here comes the zombie title. What is a zombie title? “This is when a house has been vacated because the owners defaulted on their loan, causing it to go into foreclosure. However, for one reason or another, the bank never completed the foreclosure process nor... Read more »

The Housing Market in Collier County starts Off Strong in 2013 and the Trend Will Most Likely Continue into 2014

23 Dec

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A few years ago, Collier County realtors did not know what was in store for the future of the housing market in Collier County, but 2012 would prove to be a very promising year for the Sunshine state. “Yes, we feel very optimistic,” said Phil Wood, president and CEO of John R. Wood Realtors in... Read more »

Refinances on the Decline?

22 Dec

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According to a recent article in InmanNews, “Mortgage applications fell to their lowest level in more than 12 years last week as interest rates increased in advance of the Federal open market committee meeting that began on Dec. 17 and ended Dec. 18. This is according to the mortgage bankers Association report.” This isn’t really... Read more »

Domain Realty Group Holiday Fun at Tokyo Bay Steakhouse

20 Dec

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Last Thursday on Dec. 19, the Domain Group and REfindly enjoyed a lavish dinner at the local Japanese steakhouse, Tokyo Bay thanks to the generous Jesse McGreevy and Marc Comisar. We filled up over three tables and no one stayed in their seat for too long because we were all walking around, laughing and talking... Read more »