Posts Tagged ‘Buying a Bonita Springs home’
Wednesday, February 8th, 2012
According to a report from the Daily Real Estate News, the list of housing markets showing signs of improvement in home prices and overall market conditions in February has grown to nearly 100 cities, according to the National Association of Home Builders/First American Improving Markets Index.
The index shows metro areas that have shown improvement in home prices, housing permits, and employment for at least six straight months.
In the latest index, some markets that were particularly hard-hit during the housing market crash — such as Miami and Detroit — were added to this month’s list. Such cities are seeing a turnaround in their sluggish housing markets, possibly already hitting bottom.
“Despite the many challenges that continue to drag on the housing recovery — including the tight lending environment for builders and buyers — improving conditions are slowly but surely spreading from one housing market to the next,” Bob Nielsen, NAHB chairman, said in a statement.
The 29 metro areas added to the list this month are:
- Napa, Calif.
- Deltona, Fla.
- Miami, Fla.
- North Port, Fla.
- Tampa, Fla.
- Augusta, Ga.
- Shreveport, La.
- Springfield, Mass.
- Cumberland, Md.
- Lewiston, Maine
- Boston, Mass.
- Detroit, Mich.
- Duluth, Minn.
- Rochester, Minn.
- Jefferson City, Mo.
- Kansas City, Mo.
- Hattiesburg, Miss.
- Omaha, Neb.
- Ocean City, N.J.
- Syracuse, N.Y.
- Springfield, Ohio
- Youngstown, Ohio
- Portland, Ore.
- Longview, Texas
- Memphis, Tenn.
- Provo, Utah
- Salt Lake City, Utah
- Bellingham, Wash.
- Kennewick, Wash.
While nearly 30 markets were added to the February index, seven markets dropped off the list this month as home prices started to soften. The metro areas dropped from this month’s index are: San Jose, Calif.; Washington, D.C.; Kankakee, Ill.; New Orleans; Worcester, Mass.; Jackson, Miss.; and Sherman, Texas.
To find homes for sale in beautiful Southwest Florida, click HERE!
To learn more about Naples, Estero, Bonita Springs and Marco Island, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: Bonita Bay homes for sale, Bonita Springs homes, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, Florida real estate, Luxury golf homes in Naples Florida, Marco Island, Marco Island Real estate, Naples beachfront condos, Naples Florida, Naples Florida real estate sales, Naples real estate sales, Southwest Florida real estate sales
Posted in Naples Florida Real Estate | No Comments »
Tuesday, February 7th, 2012
The spring season usually brings an increase in buying and selling to the Southwest Florida real estate market. Nationally speaking, housing experts are mostly optimistic that this spring will be even better than recent years.
According to the National Association of REALTORS® (NAR), some signs are already there: Housing inventories are declining, housing affordability is at record highs, mortgage rates are at all-time lows, and the job market is improving.
In Southwest Florida, home sales have been edging up in recent months, and available inventories as of January 1, 2012 in the combined Naples, Bonita Springs, Estero market was 7,896 units (4,264 condominiums and 3,632 single family homes). This represents a 23% decrease from January 1, 2011.
Nationally, nearly 2.4 million units were available in December 2011, reaching its lowest point since 2005, according to National Association of REALTORS® data.
NAR’s Chief Economist Lawrence Yun says home prices are beginning to stabilize in many markets. Also, NAR’s Housing Affordability Index is at its highest level since the 1970s, which indicates that for the average family housing is very affordable.
The National Association of Home Builders is also predicting an improvement this spring among the new-home sector. NAHB is predicting that home sales will increase 18 percent this year, that’s after facing their lowest on record in 2011.
There is no better time to buy a luxury home right here in Marco Island, Naples, Bonita Springs or Estero, Florida.
To find homes for sale in Marco Island, Naples, Bonita Springs or Estero, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: Bonita Springs homes, Bonita Springs open houses, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, homes for sale in Bonita, Homes for sale in Bonita springs, homes for sale in Estero FL, homes for sale in Marco Island, Homes for sale in Naples fl, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate, real estate Bonita, real estate Bonita Springs, real estate naples, Southwest Florida real estate sales
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Monday, February 6th, 2012
You know we had to do it! With everyone still discussing the Superbowl today, we had to come up with something clever to blog about today and integrate the Superbowl somehow!
Well, we cannot take all the credit! Some of the credit must go to the KCMBlog, where this original idea came from. We love the correlation between the job of the players and your relationship with those individuals that make your real estate transaction a successful one!
Thanks to the KCMBlog and their accurate opinion of how the team works best:
- Head Coach (Your Loan Officer) – Your loan officer should be the Head Coach. After careful analysis of your income, credit and assets, this is the person in the best position to make sure you are playing to your strengths and minimizing your weaknesses. Your loan officer can discuss the economic realities of homeownership, while listening to your quality of life concerns. The loan officer can set up the game plan.
- Offensive Coordinator (Your Real Estate Agent) – Your real estate agent is your offensive coordinator. Armed with the game plan. the agent calls the plays, counseling you on the geography, the competition, the best ways to negotiate your way to your personal touchdown. Agents know the playing field (the inventory and the market). If you hire them to represent you, they can disclose the weaknesses of your competition (the seller).
- Offensive Line (Your Attorney, Accountant and Financial Advisors) – Your attorney, accountant and financial advisors are your offensive line. They are there to protect you from the blitzes that come from outside (sellers, title issues, tax consequences, and protecting your assets). Not the glamour positions, but vital to any success you are going to have.
- Running Backs and Wide Receivers (Your Friends and Family) – Your friends and family are the running backs and wide receivers. They often receive the glory and attention, but honestly, if everyone else doesn’t do their job, they rarely ever see success. Bad game plans, weak play calling, poor execution on the offensive line or by you, as quarterback, leave them merely as names on the roster.
As with any team, communication is the most important component to getting the desired results. Being the center of the action, the quarterback (you) talks honestly with the coaches and coordinators, so they can help direct you on the proper play calling.
Simultaneously, you need to heed the feedback from your offensive line, running backs, and receivers to filter wise advice from emotion.
Let John R. Wood assist you in being the “quarterback” of your home-buying process! We are ready to be your “Offensive Coordinator” and find you the right vacation or home-away-from-home property!
To find a John R. Wood Agent today, click HERE!
To see homes for sale in Naples, Bonita Springs and Estero, FL, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge.
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Fl real estate, Naples Florida, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida | No Comments »
Friday, February 3rd, 2012
Click HERE to read our latest issue of Homelook Weekly!
To search for homes for sale in Naples, Bonita Springs and Estero, Florida, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: Bonita Bay Florida, Bonita Springs homes, Bonita Springs open houses, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida open houses, Naples Florida real estate, Naples Florida real estate sales, Southwest Florida real estate sales
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Wednesday, February 1st, 2012
Some interesting facts about the Dairy State…it turns out between 2006 and 2010 nearly 45,000 people left Wisconsin for Florida or Arizona, according to a report issued Tuesday by the Wisconsin Taxpayers Alliance. Higher-income retirees headed to Florida, and Wisconsin lost more of those with higher incomes than it gained.
The report showed that of the 27,826 people who moved to Florida, family income averaged $81,744.
The report zeroed in on 1,300 Wisconsinites with an average family income of $138,713 who moved to the Fort Myers, Fla., area. Another 568 people with an average family income of $274,614 moved to the Naples, Fla., area.
Hey, Wisconsinites! If you’re searching for your new home in Naples, Bonita Springs or Estero, Florida, look no further! John R. Wood Realtors is here to help!
Click HERE to search for homes for sale in Southwest Florida: Naples, Bonita Springs, and Estero!
Source: Milwaukee Journal Sentinel
Tags: Bonita Bay Florida, Bonita Springs homes, Bonita Springs open houses, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Southwest Florida home, Estero Florida home sales, FL, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida real estate, Naples Florida real estate sales, Southwest Florida real estate sales, Wisconsin moving to Naples, Wisconsin moving to Southwest FLorida
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Tuesday, January 31st, 2012
Last week, according to an article found on CNNMoney, “rates on both the 30-year and 15-year fixed loans fell to new records, at 3.89 percent and 3.16 percent, respectively, according to Freddie Mac.” The question remains: how long will prospective buyers enjoy such low rates?
Potential buyers sitting on the fence waiting for the rates to go lower may be getting their reason to act: a recent action by Congress may be pushing those rates higher shortly. According to CNNMoney, “to pay for the extension of payroll tax cuts, Congress mandated an increase in fees for Fannie Mae and Freddie Mac loans. That could mean an increase in upfront costs for borrowers of about half a point, starting April 1. The new fee would add $500 for every $100,000 in principal.” Instead of an additional upfront fee, borrowers could pay the fee as a higher interest rate, [adding] an additional one-eighth of a point to their rate. That amount might seem inconsequential, but when added to a $250,000 mortgage, the mortgagee could be paying approximately $225 more per year.
With a market filled with desirable listings, interest rates at historic lows, and a threat of rising rates, prospective buyers would benefit from getting off the fence and jumping into the present day ‘buyers’ market.
So, what are you waiting for? Click HERE to find a John R. Wood Agent today!
Click HERE to search for homes for sale in Naples, Estero, and Bonita Springs, Florida!
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Thursday, January 26th, 2012
According to the Research Institute for Housing America, all age groups think that now is a good time to buy. Positive home buying sentiment is measured by the % of households who agree that now is a good time to buy. See the chart to the left…
Is now a good time for you to buy in Southwest Florida? You bet it is!
To search for homes for sale in Naples, Bonita Springs or Estero, FL, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: bonita real estate market, Bonita Springs real estate, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a house now, Buying a Southwest Florida home, estero FL real estate market, Luxury golf homes in Naples Florida, Naples FL real estate market, Naples FL real estate sales, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida, Southwest Florida Market Updates | No Comments »
Wednesday, January 25th, 2012
The John R. Wood Realtors’ 2011 year-end market report is now available for your review! Get a comprehensive review of the 2011 Naples, Bonita Springs and Estero real estate markets. In summary, the number of closed sales in 2011 increased 5% over 2010, making it the fourth consecutive year to show an increase and confirming that the market recovery is well underway. Properties priced below $250,000 comprised 62% of the total market, a percentage that has remained consistent since 2009. Properties priced above $1,000,000 reached its highest level since 2007, with 706 closings, up 42% from the 2009 low with 498 closed sales.
Click on the image below for the full Report!
To search for homes for sale in Naples, Bonita Springs and Estero, Florida, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge!
Tags: 2011 real estate market report naples fl, 2011 real estate report estero, bonita 2011 real estate market report, Bonita Springs, Bonita Springs real estate, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero, Estero Florida home sales, FLorida 2011 real estate market report, John R Wood Realtors, Naples Florida, Naples FLorida 2011 real estate market report, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Southwest Florida 2011 real estate market report, Southwest Florida real estate sales
Posted in Buying a Naples Florida Home, Naples real estate market, Southwest Florida Market Updates | No Comments »
Wednesday, January 18th, 2012
According to a recent study by Credit Sesame, which used National Association of REALTORS® (NAR) data for its findings, foreign investors are finding plenty of deals in the U.S. when it comes to real estate, and, as such, more international investors are flocking to key states to buy their piece of the American Dream.
Mexico is the top country of origin for foreign buyers purchasing U.S. homes, according this study.
The top destinations of foreign investors for U.S. real estate purchases are:
1. Florida: Thirty-one percent of all home purchases in that state are made by foreign buyers, with most coming from Cuba, Haiti, and Colombia.
2. California: 12 percent of all home purchases (most coming from Mexico, the Philippines, China, India, and Vietnam)
3. Texas: 9 percent of all home purchases (most coming from Mexico, India, Vietnam, China, and the Philippines)
To search for homes for sale in Naples, Estero, Bonita Springs or Marco Island, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Source: “Housing More Affordable Than Ever … for Foreign Investors,”
Tags: Bonita Springs real estate, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Southwest Florida home, Estero Florida home sales, foreign buyers in naples fl, Foreign buyers Southwest Florida real estate, Foreign home purchases in Southwest Florida, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida beachfront condos, Naples Florida real estate sales, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida, Foreign Buyers in Southwest Florida | No Comments »
Monday, January 16th, 2012
Recently, Freddie Mac released the results of its Primary Mortgage Market Survey®, which showed mortgage rates at all-time record lows. Products covered in the survey were:
- 30-year fixed mortgage
- 15-year fixed rate mortgage
- 5-year Treasure-indexed hybrid ARM
- 1-year Treasury-indexed ARM
Highlights of the survey were:
- The average for the 30-year fixed mortgage rate (FRM) has been below 4.00 percent for six consecutive weeks. The survey concluded that the 30-year fixed-rate mortgage averaged 3.89 percent, with an average 0.7 point for the week ending January 12, 2012, down from last week when it averaged 3.91 percent. Last year at this time, the 30-year FRM averaged 4.71 percent.
- The 15 year FRM this week averaged 3.16 percent with an average 0.8 down, down from last week when it averaged 2.86 percent. A year ago, the 5-year ARM averaged 3.72 percent.
- The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82 percent this week, with an average 0.7 point, down from last week when it averaged 2.86 percent. A year ago, the 5-year ARM averaged 3.72 percent.
- Results showed that the 1-year Treasury-indexed ARM averaged 2.76 percent this week with an average 0.6 down from last week when it averaged 2.80 percent. At this time last year, the 1-year ARM averaged 3.23 percent.
According to Frank Nothaft, VP and Chief Economist of Freddie Mac, mortgage rates eased slightly this week to all-time record lows following mixed indicators in the labor market. Although the economy added 1.6 million jobs in 2011, which was the most since 2006, the unemployment rate remained historically elevated.
For additional information on mortgage rates, please contact your John R. Wood Agent.
To search for homes for sale in Naples, Estero, Bonita Springs or Marco Island, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Source: FreddieMac
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, Estero Mortgage rates, marco island FL mortgage rates, Marco Island real estate sales, mortgage rates Southwest Fl, mortgages naples fl, Naples Florida, Naples Florida market update, Naples Florida real estate sales, Southwest Florida real estate sales
Posted in Mortgage Rates Naples Florida, Mortgages in Southwest FLorida | No Comments »
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According to a report from the Daily Real Estate News, the list of housing markets showing signs of improvement in home prices and overall market conditions in February has grown to nearly 100 cities, according to the National Association of Home Builders/First American Improving Markets Index. 
