Good News for FL Homeowners Underwater

Posted in Bob Ashworth Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Mortgage News, Florida Real Estate, Florida Real Estate News, Home Tips, Mortgage Changes, Mortgage News, Real Estate Market, Real Estate News, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, Underwater Mortgage

Mortgage Underwater Assistance FL

Florida reopens program for underwater homeowners

TALLAHASSEE, Fla. (AP) – May 14, 2014 – Florida housing officials are reopening a program intended to help homeowners who owe far more on mortgages than their houses are worth.

The Florida Housing Finance Corporation announced this week that the online application for the Florida Hardest-Hit Fund Principal Reduction program (HHF) will re-open on Thursday beginning at 9:00 a.m.

Last year the program accepted 25,000 applications but only extended aid to more than 2,400 homeowners. Nearly $102 million out of an available $350 million has been spent.

Florida homeowners who have remained current on their mortgages but missed out on the opportunity to apply for the program last fall will be allowed to apply. Homeowners could get a break up to $50,000 if they qualify.

First-mortgage eligibility requirements

• Legal Florida and U.S. resident who lives in the home
• Current on the monthly mortgage payment or 60-plus days late on a first mortgage within the past 24 months
• Property purchased prior to Jan. 1, 2010
• Unpaid principal balance up to $350,000
• Loan-to-value ratio greater than 125%
• Total household income less than 140% of the area median income (AMI) as provided by HUD.

Mortgage Answers

The online application will be available at the official Florida HHF Principal Reduction website. Click here to view original article. 

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
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2014 – The Year to Buy!

Posted in Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Buying Questions, Buying Tips, Cape Coral, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Home Tips, Housing Market Update, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL Real Estate

Home Buying Tips

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. Today I would like to share this article on why 2014 is the year for you to purchase a home in Southwest Florida if you haven’t already!

Why 2014 is a good year to buy a home

If you didn’t buy a home in 2013, you may be kicking yourself now. Home prices climbed nationally an average of 13.6 percent in the past 12 months, according to Tuesday’s release of the Standard & Poor’s/Case-Shiller 20-city home price index.

Don’t make the same mistake in 2014, suggests Benjamin Weinstock, real estate attorney and partner at the firm Ruskin Moscou Faltischek in Uniondale, N.Y.

Market forecasters predict that 2014 will be another year of gains for the real estate market, even though the rapid pace of sales in 2013 cooled off a bit at the end of the year. On Dec. 30, The National Association of Realtors said its pending home sales index, based on contracts signed last month, rose 0.2 percent in November, below the 1 percent rise forecast.

Home prices are expected to rise about 5 percent next year, says Weinstock. Higher mortgage rates will dampen the pace of both sales and price gains, but not bring them to a halt. The average rate on a 30-year fixed mortgage is expected to rise from 4.5 percent to 5 percent in the next year.

Even aside from expected price gains, buying a home is almost always a good investment in the long run, says Weinstock. Tax benefits are not to be overlooked.

“When one rents, at the end of the year he or she has a pile of 12 cancelled rent checks,” Weinstock says. “However, the homeowner has a pile of 12 cancelled mortgage checks that are nearly fully tax-deductible in most cases.”

Editor’s note: If you’re shopping, you may want to keep your eye out for the latest design trends in homes for 2014 while you’re at it. Click here to view original article.

Bob Ashworth

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
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New Apartment Complex Coming to Lee County!

Posted in Bob Ashworth, Bob Ashworth Realtor, Florida Real Estate, Florida Real Estate News, Fort Myers News, Lee County Homes, SWFL Market News, SWFL Real Estate

Pine Ridge Road

New apartment complex coming to Lee, market heats up

Firm to break ground on first high-end complex in Lee in eight years.

News-PressIn a few weeks Joe Bonora will break ground on something not seen in more than eight years in Lee County: a new high-end apartment complex.

Construction on similar projects came to a screeching halt in 2005 as real estate prices spiraled down, unemployment soared and lenders turned skittish.

“I think overall there’s certainly a need in the marketplace,” said Bonora, managing director of Tampa-based Aileron Capital Management, which is building the 325-unit complex.

That’s borne out by the numbers, said Theron Patrick, data analyst at Carrollton, Texas-based ALN Apartment Data, which tracks the sector nationally.

He noted that in the Fort Myers/Naples area, apartment complex occupancy was running at 95.1 percent – the highest in Florida and second only to Corpus Christi, Texas, among the 23 markets on which ALN compiles detailed statistics.

Gary Tasman, executive director of the Naples/Fort Myers-based Cushman & Wakefield Commercial, said the rental market is tight because the recession hit here so hard.

“A lot of people were displaced homeowners in the downturn,” he said. “They have a need if not a desire to rent now but they want to rent a state-of-the-art, comfortable, up-to-date home with as much similarity to their house as possible.”

The 30-acre site on Pine Ridge Road just off McGregor Boulevard in south Fort Myers has the added advantage that it originally was a condominium project, Palazzo Del Sol, that never got off the ground but still has its paperwork in order, Bonora said.

“That saves us a good amount of time and money,” he said. “It takes a lot of risk off the table. We didn’t have to go in and amend the site plan.”

Denny Grimes of Denny Grimes & Co. at Royal Shell Real Estate said he expects it to be a seller’s market for the owner of a shiny new complex.

“I think it’s a lack of availability,” Grimes said, noting that in the area near where the complex will be built “there’s nothing for sale. The alternative is to rent.”

Also, he said, the new project will be attractive to tenants in older, less attractive complexes. “Current renters will be moving toward the newer, polished projects.”

Nationally, a similar trend is emerging as the economy slowly recovers, real estate prices rise and the glut of vacant single-family homes is absorbed, Patrick said.

“We’re seeing it in almost all our markets except maybe Cleveland and Detroit,” he said. “There have been strong employment gains, but income gains have not kept up with employment gains.”

That means there are more people working and able to rent an apartment but not making enough money to buy a house, Patrick said.

Some markets such as Houston and Orlando have been seeing multi-family construction on the rise for two years while “other markets are just starting to get warmed up, he said.

Bonora said his project will be designed to shine compared to its older competitors. “We’ll have Mediterranean architecture, a barrel-type roof, nice, high-end finishes, a resort style pool, a clubhouse, full fitness center and a dog walk park.

He’s also looking into installing technology that can let someone, for example, “control the lighting from the iPhone.”

Bonora, who grew up in Cape Coral, said he’s keenly aware of the importance of timing because of this area’s volatile real estate market.

“This is Southwest Florida,” he said.

“Nothing happens gradually.”

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
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Things are Looking Up!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Homes for Sale SWFL, Housing Market Update, Real Estate Market, Real Estate News, Realtor, SWFL Home Sales, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

SWFL Real Estate Trends

Fla.’s housing market trending up in June 2013

Florida’s housing market continued to show increased strength in June, including more closed sales of single-family homes, more new listings, rising median prices and a reduced inventory of homes for sale, according to the latest housing data released by Florida Realtors®.

SWFL Home Sales“It’s encouraging to see median prices continuing to recover in areas across the state,” says 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “Strong buyer demand, along with the tight supply of for-sale homes, is putting upward pressure on prices. June marks the 18th consecutive month that we’ve seen the statewide single-family home median sales price increase year-over-year.

“On average, sellers received about 94 percent of their asking price in June. Interested home sellers are paying attention to this positive trend. Statewide, new listings for single-family homes increased 10.8 percent in June, while new townhome-condo listings rose 4.7 percent.”

Statewide closed sales of existing single-family homes totaled 20,403 in June, up 8.6 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

2013 Florida Housing MarketMeanwhile, pending sales – contracts that are signed but not yet completed or closed – for existing single-family homes last month rose 23.1 percent over the previous June. The statewide median sales price for single-family existing homes last month was $175,000, up 15.1 percent from the previous year.

According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in June 2013 was $214,700, up 13.2 percent from the previous year. In California, the statewide median sales price for single-family existing homes in June was $428,510; in Massachusetts, it was $350,050; in Maryland, it was $284,841; and in New York, it was $242,475.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes.

SWFL Homes for SaleLooking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 9,136 units sold statewide last month, slightly less than the June 2012 level (down 2.5 percent). Meanwhile, pending sales for townhouse-condos last month increased 14.2 percent compared to the year-ago figure. The statewide median for townhouse-condo properties was $130,000, up 18.2 percent over the previous year. NAR reported that the national median existing condo price in June 2013 was $210,200.

The inventory for single-family homes stood at a 5-months’ supply in June; inventory for townhouse-condos was at a 5.2-months’ supply, according to Florida Realtors.

“The rest of the country is finally catching on to the fact that Florida’s real estate market is growing significantly,” says Florida Realtors Chief Economist Dr. John Tuccillo. “For the past two years, we’ve been up year-over-year in closed sales. The significant part of this month’s numbers is the growth in new listings, suggesting that the inventory crunch will ease in the second half of this year.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.07 percent in June 2013, up from the 3.68 percent average recorded during the same month a year earlier.

Click here to view original article.

SWFL Realtor Bob Ashworth

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
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Cape Coral Makes House Hot Spot List!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Housing Hot Spot, Lee County Homes, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Housing Hot Spot

Housing recovery radar: Where are the next hot spots?

CNBC The housing recovery is starting to heat up—so much so in some areas, the “b” word—bubble—is starting to pop up.

“Nationwide, the housing market is not in a bubble. But there are probably some markets that are at risk for getting into bubble territory if they continue at the pace that they’re going,” said Daren Blomquist, vice president at RealtyTrac.

In a recent report from Realtor.com, the towns seeing the hottest recoveries, based on factors such as inventory, median list price, days on the market and search activity, were primarily on the West Coast, with six of the top 10 in California. Six months ago, eight of the top 10 were in Florida. So, is the recovery, like the settlement of the U.S., moving east to west?

Rising Market SWFLActually, there are some methods to the recovery madness—but geography isn’t one of them.

The pros estimate the housing recovery started just over a year ago. Those early buyers? It was a lot of foreign investors buying up real estate in Sun Belt areas like Miami and Phoenix.

“There were stories in 2012 of people being outbid for homes—individual homeowners getting outbid by all-cash buyers,” said Steve Berkowitz, CEO of Move Inc., the parent of Realtor.com.

Blomquist said buying activity really started to pick up in mid-2012 after Warren Buffett said on CNBC that he would buy up “a couple hundred thousand” single-family homes and rent them out if he had the logistical ability to manage the properties.

“That was really when there was a paradigm shift in the market,” Blomquist said. “We started to see these institutional investors jump in and buy single family homes.”

“Investors really were the leading edge, the front line of this real-estate recovery,” Blomquist said. “They’re willing to stomach more risk.” And that, in turn, helped trickle down to the average homeowner as it helped boost prices and get a lot of homes back above water.

Cash PurchaseHe estimates that roughly 10 to 20 percent of investors buying real estate today are foreign investors—mostly from Canada, Mexico, China and, in places like Miami—South America. He’s also heard of a lot of investors from Russia and other eastern European countries in the New York market.

One common denominator is that many of the markets with big price increases had been among the hardest hit when the housing bubble burst.

CNBC.com’s Cindy Perman talks with RealtyTrac’s Daren Blomquist about new signs that the housing recovery is starting to heat up, so much so that some experts are even beginning to say “bubble” again.

According to the latest data from RealyTrac, the markets with the biggest recent pickups are Honolulu; Flint, Mich.; and Albany, N.Y.

Another factor has helped speed the recovery in some markets more than others: how the foreclosure process is handled. Markets like California, Nevada, Arizona and Georgia have seen their recoveries take off because they allow what’s called a nonjudicial foreclosure process, which tends to be quicker than the courts.

“Those markets have worked through the foreclosure problem more quickly than other markets,” Blomquist said. “What that means is that they don’t have that lingering distress … that drags on home prices.”

The recovery in California and other parts of the West Coast has largely been driven by the tech economy, Berkowitz said.

So much so, that the recovery in some markets may be getting close to its peak.

In San Jose, for example, prices are 70 percent off their bottom already, Blomquist said. San Francisco is 96 percent off its bottom.

“I think many of the California markets, especially San Jose and San Francisco, are getting back to that bubble level,” Blomquist said. “Some markets are close to plateauing in terms of home prices but scaling back the pace of recovery to single-digit growth, which going forward is much more healthy.”

So, where are the next hot spots?

Florida Real EstateBelieve it or not, while many parts of Florida have already seen double-digit growth, pros say there’s more room to run in Florida.

In Tampa, for example, prices are 38 percent off the bottom, Blomquist said, but they’re still 44 percent below their peak in August 2006.

By contrast, prices in San Jose and San Francisco are 12 percent and 22 percent below their peaks, he said.

Miami, Orlando and Fort Myers-Cape Coral are nearly 50 percent off their peaks.

The pros were encouraged by the recovery in Detroit, which made Realtor.com’s latest list of the hottest recoveries, but they weren’t willing to bet on it as a continued hot spot. The reason? It’s a lot safer to bet on sunshine and ocean than on a bankrupt city dependent on jobs to drive housing demand.

One area Blomquist is willing to bet on is Chicago, where prices are 32 percent below their peak.

He’s also hearing a lot of buzz about parts of Maryland and the Carolinas. Some specific cities he’s hearing interest in are: Salt Lake City and Ogden, Utah; Atlanta; Charlotte, N.C.; Indianapolis; Minneapolis; Nashville and Memphis, Tenn.; Dallas and Houston.

One surprise he didn’t expect in the recovery is the demand from large institutional investors.

“All of a sudden, you had hedge-fund types interested in single-family real estate!” he said. “That’s helped give a power boost to this recovery that was unexpected.”

Home Sales SWFLAnd, while homeowners have benefited from this influx of investor money as it’s driven their property values higher, there’s one important player who has yet to join in this recovery: the move-up buyer. That’s the couple who gets a starter home, builds some equity and then trades up to a more expensive home.

“We’re seeing a market that is very dependent on investors right now,” Blomquist said. “In the long-term for sustainability, we need those move-up buyers to start purchasing again.”

And, if you’re wondering why some big Northeastern states like New York, New Jersey and Pennsylvania aren’t on the list, you can sum it up in one word: courts. All of those states have a judicial foreclosure process. As a result, the pros are keeping their eyes on these markets.

You may not be able to find a geographic pattern in where the recovery will heat up next, but what the pros are seeing now is a lot of West Coast markets getting close to peak and a lot of East Coast markets, from New York to Florida, with more room to run.

Housing recovery hot spots

Here are states/cities where real estate pros say could be the next hot spots where the housing recovery heats up. While these markets have seen some recovery, they’re still down significantly from their peak. (See map above)

STATES – New York, New Jersey, Pennsylvania, Maryland, North Carolina, South Carolina, Florida

CITIES

  • Wilmington, Del.
  • Tampa, Fla.
  • Miami
  • Cape Coral-Ft Myers, Fla.
  • Orlando, Fla.
  • Chicago
  • Indianapolis
  • Minneapolis
  • Charlotte, N.C.
  • Newark, N.J.
  • Trenton, N.J.
  • Philadelphia
  • Reading, Pa.
  • Nashville, Tenn.
  • Memphis, Tenn.
  • Dallas
  • Houston
  • Ogden, Utah

Cape Coral SWFL Housing Hot Spot

Sources: Realtor.com, RealtyTrac – click here to view original article. 

SWFL Real Estate News

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog 

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Positive Trends for Florida Market Continue!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Housing Market Update, Lee County Homes, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Real Estate Investing

2013 Florida Housing Market Update

Florida’s housing market continues positive trends in 2Q 2013

Home Sales 2013 Cape CoralFlorida’s housing market gained strength in second quarter 2013 with more closed sales, higher median prices, more pending sales and a shrinking supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®.

“Data from the second quarter of 2013 shows that Florida’s housing market is continuing to improve and the growth is boosting the state’s economic recovery,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “We are experiencing an extended run of year-over-year gains in existing home sales (18 months as of June) and Realtors across the state are reporting increased activity in their markets. At 7.1 percent, Florida currently has a lower unemployment rate than the nation. As more jobs are created, it’s providing a stable foundation for future growth in the state’s housing market.”

Statewide closed sales of existing single-family homes totaled 63,173 in 2Q 2013, up 14.7 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

Investment StrategiesMeanwhile, pending sales – contracts signed but not yet completed or closed – for existing single-family homes rose 28.5 percent in the second quarter compared to the 2Q 2012 figure. The statewide median sales price for single-family existing homes in 2Q 2013 was $170,000, up 14.1 percent from the same quarter a year ago.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Looking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 31,829 units sold statewide in the second quarter, up 7.9 percent from the same three-month period in 2012. Pending sales for townhouse-condos in 2Q 2013 increased 18.8 percent compared to a year ago, while the statewide median for townhouse-condo properties was $129,000, up 16.7 percent over the same quarter last year.

In 2Q 2013, the median days on market (the midpoint of the number of days it took for a property to sell that month) was 51 days for single-family homes and 57 days for townhouse-condo properties.

The inventory for single-family homes stood at a 5-months’ supply for the second quarter; inventory for townhouse-condos was at a 5.2-months’ supply for the same period, according to Florida Realtors.

Housing Recovery 2013Florida Realtors Chief Economist Dr. John Tuccillo said, “For those who have been following the Florida real estate market, there’s not much new in these numbers. The market continues its gradual improvement and return to stability. While investors have been the major driving force in the market, we are beginning to see more owner-occupants enter the market. This is an encouraging sign.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.69 percent for 2Q 2013, down from the previous year’s average of 3.80 percent, according to Freddie Mac.

To see the full statewide housing activity reports, go to Florida Realtors Media Center and look under Latest Releases, or download the 2Q 2013 data report PDFs under Market Data.

Click here to view original article.

SWFL Real Estate News

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

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Fall Featured Listings in SWFL!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Featured Listings, FL Real Estate Market Update, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Lee County Homes, SWFL Home Sales, SWFL Homes for Sale, SWFL News, SWFL Real Estate

Featured Listings SWFL

Today we bring you some more of our great featured listings. Please click here for more listings and photos. Remember you can always reach me at  239-425-2503 or email me at Bob.Ashworth@gmail.com with any specific questions or needs and I invite you to visit my website at www.BobAshworth.com.

SWFL Home for Sale

Cute as a button, move in ready 3 bed, 2 bath pool home in Bonita. Located just a few minutes from everything! This home features an open floor plan with cathedral ceiling and a split bedroom floor plan. The home also features pocket sliders to the large covered lanai and south-facing below ground swimming pool. You will love the mature plantings and multiple fruit trees, including mango & avocado. The neighbor to the rear enjoys their own private estate, which makes this home’s backdrop private, quiet and treed. Located just one street over within the Orange Creek subdivision is your boat ramp and dock on the Imperial River which accesses the Gulf of Mexico. Make your appointment today.

Buying a Home in SWFL

Welcome to SW Florida paradise! This highly desired Moorings complex with quick access to the Gulf of Mexico currently has a 2nd floor unit that features an open floor plan, split bedroom design and cathedral ceilings. This unit has a tremendous west-facing basin view with gorgeous sunsets. The complex is tropical, well maintained and close to everything in SW Florida. The composite dock has ample space available for your boat, and features a very quick ride to the river and gulf, or Rum Runners, and or Tarpon Pointe. The huge pool area situated right on the basin, complete with spa, gas grills, and a cabana is the tropical setting that you have been looking for. The Moorings only rarely has 2nd floor cathedral ceiling units available. Make you appointment today.

Cape Coral Homes for Sale

Income producing duplex in SE Cape Coral. This property has been very well maintained and features a new roof and A/C in 2005. This duplex has a sprawling floor plan with both sides currently utilizing the space as 3 bedroom homes. Both with a screened lanai, 1 car garage and laundry hook up make this a very desirable rental. On city water and sewer with all assessments paid too. Call today before this one is sold. Click here for more details.

Bob Remax Sign

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

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More Canadian Snowbirds in Florida

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Lee County Homes, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Florida Snow Birds

Bill would allow longer stay for Canadian snowbirds

A massive immigration bill being considered by the U.S. Senate has a rule change that could bring more Canadian snow-birds to Florida.

Canada Snow BirdsThe legislation includes a provision that would allow those aged 55 and older to obtain a Canadian Retiree Visa permitting them to stay as long as eight months in the United States. To qualify for the visa, they must own a second home, have a rental agreement or hotel reservation.

The measure would add about two months to the current six-month limit, allowing them to stay about 30 percent longer.

Real estate agents in the Sunshine State say the law would give the second-home market a boost, making real estate purchases more cost-effective for Canadians who balk at buying due to poor exchange rates and restrictions on how long they can stay in the country.

Snow Bird FloridaDenny Grimes of Fort Myers-based Royal Shell Real Estate says the law would give other sectors of the state’s economy a boost as well, from restaurants to resorts to construction.

However, snowbirds would need all but one of Canada’s provinces to loosen rules that require them to spend at least six months of the year at home in order to preserve their eligibility for national health insurance. Only Newfoundland and Labrador allow residents to keep their health coverage while spending eight months abroad.

Canadians also want U.S. tax laws changed so that they do not have to pay income taxes if they spend up to eight months in Florida.

Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Review us on Yelp