You've just returned from a trip to the beach. You ask yourself: Why should I continue to pay rental fees when I could own a vacation home and rent it out? Unless you're fairly wealthy, you'll need to make sure you can commit to buying a seasonal home before you start shopping around. Here are five indications that you're ready to take the plunge: 1. You can afford one Can you afford to own a vacation home? If the answer to that question is yes, that's probably the most obvious sign that … [Read more...]
Unequalled Waterfront Value
Southwest Florida a national housing news continues to report the rapidly escalating prices of waterfront homes. The Useppa People have the wise alternative offering tremendous waterfront value. Priced from $529,000, our private island inventory offers fee simple Townhouse style attached Villas that offer the best value for waterfront living. Boasting BIG views across Pine Island Sound, the ICW or Charlotte Harbor, with free dockage for boats to 24 feet. Here, you’re not on a canal or back bay … [Read more...]
Next Recession in 2020? What Will Be the Impact?
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...]
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...]
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...]
Packing Secrets from the Pros
Whether it's dishes in a box or furniture in a truck, it will travel better if it's carefully and tightly packed. When things can move around they rub against each other, which increases the changes of damage or breakage. Here's packing secrets from the pros. The Dresser Trick You don't have to take everything out of your dressers when you move! Lightweight items, such as clothing and linens, can stay. In fact, it's a smart idea to put a clean set of sheets, towels, and pajamas in … [Read more...]
BUYER’S MARKET HELPS PREMIUM HOME SALES SOAR
We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, creating the beginning of a buyer’s market. Last week, the National Association of Realtors released their Existing Home Sales Report which shed some additional … [Read more...]
National View – US Home Price Rise Strongest in Nearly Three Years
These are heady days for American home sellers, with a report Tuesday showing that housing prices in March recorded their largest annual increase in nearly three years. But the gains are inflicting more financial pain on home buyers, though the price run-up has fallen well short of the annual double-digit increases during the mid-2000s housing bubble. Home prices across the USA were up 5.8 percent annually in March, up from 5.7 percent the prior month, according to the S&P CoreLogic … [Read more...]
Why Housing is Not Headed for Another Bubble
With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to attain a mortgage anyway. Prices began to skyrocket. This increase in demand … [Read more...]