Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed the possible timing of the next recession: “Experts largely expect the next recession to begin in 2020.” That timing … [Read more...]
Homes More Affordable Today Than 1985-2000
Homes More Affordable - Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest rate on the mortgage used to purchase it. Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from 1985 to 2000 was … [Read more...]
What You Need to Know About Buying a Second Home
RISMedia June 20, 2018 -- Buying a second home is one of those treasured rites of passage, like getting married or buying a car. It's a sign that you're doing well and can afford to reward yourself. Now can be a good time to take the plunge, as mortgage rates are still at an impressive low. What better way to invest your money than snatching up your dream vacation home? If you think you're ready to purchase a second home, don't rush into it. Read this guide to ensure it's one of the best … [Read more...]
Experience Useppa Island Florida
Welcome to Useppa Island Florida … [Read more...]
THE AFFORDABLE HIDDEN GEM ON FLORIDA’S SOUTHWEST GULF COAST
Florida's Affordable Hidden Gem - Florida Realtors® News recently published their list of the 2017 major factors affecting our 2018 Florida Real Estate Market. These included low inventory of homes, and the resultant escalation of prices to levels just below the peak of the real estate bubble. The upcoming run-up in Florida values, resulting from the Tax Reform bill, along with the crushing winter weather to the north, may make those issues pale in comparison. A lack of state income and … [Read more...]
Decorating to Welcome Family & Friends for Thanksgiving
A TIME TO CELEBRATE Thanksgiving finds our homes dressed in full finery: candles lit, silver polished, favorite fall centerpiece pulled from the cupboard and linens pressed to crisp perfection. It gives us the rare relaxed moment to focus on the blessings we've received in the past year and to welcome family and friends for the sheer pleasure of their company. Timeless Tradition, Contemporary Flair Timeless tradition and contemporary embellishments are equally at home on a well-dressed … [Read more...]
Quick Transformations With Paint for These Small Spaces
All it takes is a little paint. By adding paint in strategic places around the home, you can easily and inexpensively transform a space. Plus, there is a good chance you could accomplish at least one of these painting projects during the course of one weekend. Here are seven locations to consider painting and tricks for making even the smallest spaces provide big impact. 1. Entryway. When a guest arrives, their first impression is based on your home’s exterior and the front door. The very … [Read more...]
Rising Home Values in Lee County
Taxable property values in Lee County increased by more than 6 percent last year, according to figures released Tuesday by the Lee County Property Appraiser. But the total value of property in the county is still about $10 billion behind what real estate was worth a decade ago, right before the Great Recession. Fort Myers had the highest percentage increase of the municipalities with almost 8.1 percent, closely followed by Cape Coral's 7.9 percent. San Carlos Fire District's 9.4 percent … [Read more...]
A Look at Projected Home Values Over the Next 5 Years
Today, many real estate conversations center on home values and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. The results of their latest survey: Home values will … [Read more...]
Stay Safe Before and After the Storm
When hurricanes strike land, they can wreak havoc on homes, communities — and sometimes your vacation plans. Stay safe and learn more about protecting yourself and your family in the event of a hurricane or tropical storm. What Is a Hurricane? A hurricane, also called a tropical cyclone, is a rotating low-pressure system that forms over tropical or subtropical waters. It’s generally accompanied by severe thunderstorms with strong wind speeds. Heavy rains and flooding are also … [Read more...]