Something new for the first-time home buyer in Florida is about to take place!
If your currently renting, you may want to read this article. The Florida Legislature just announced that $35,000,000 dollars has been set aside for down-payment home ownership assistance thru the Florida Housing Finance Corporation [FHFC]. These monies were a part of Florida’a huge settlement from the nations 5 largest mortgage services.
We have just made it thru the first quarter of 2013 and we are seeing solid evidence that our local real estate market is well on its way to being the best year for the housing market in over 7 years. While challenges still remain, like getting lenders to make loans a little easier to obtain, we are seeing good numbers in the housing sector here in Lee County. …continue →
Here are the simple facts for a “sell and move up” in size home strategy…..ACT NOW!
Prices have been rising on homes now for 14 consecutive month’s. If your selling one home to move up and into a larger one, it does you no good to wait for prices to climb higher……..the price of the move-up new home will increase in value faster, than the price on the home your’re leaving behind. The time for this type of buyer to take action is now! …continue →
There is a new program on the horizon for borrowers who are under water on their mortgages. The program begins on July 1st 2013 and will be available till August 1st 2015. Here are the details and the good and the bad of the new initiative, launched by the Federal Housing Finance Agency.
The Federal Government just announced a new loan modification program designed to help many struggling home owners by helping them re-structure their existing mortgages. …continue →
Excerpts taken from Berge Aslanian, and his “Real Estate Trends” article with the Chamber of Commerce. Berge is a 7 year Re/Max Island Harbor Realtor, in Cape Coral.
Everyone knows that in a market with prices going down……..you tighten your financial belt and wait out the storm. Does that also mean that in an “up Trending” market the opposite is true? Perhaps Yes!
In December 2012 there were 202 Cape Coral homes sold, with an average sales price of $144,000. In February 2013 there were 231 Cape Coral homes sold with an average sales price of $155,000.
In December 2012 there were 21 Cape Coral condo’s sold with an average sales price of $100,500. In February 2013, there were 36 Cape Coral condo’s sold with an average sales price of $106,000. …continue →