Posts Tagged ‘Naples luxury real estate’
Thursday, March 29th, 2012
Americans still believe in home ownership, but they’re spooked about the mortgage process, a survey finds. According to a quarterly national housing survey of 3,000 Americans conducted by Fannie Mae, 2/3 of renters — across educational and demographic levels — say they want to purchase a home in the future.
“In spite of the impact of the housing crisis on home values and home ownership rates across the country, Americans by and large still hope to become home owners,” says Doug Duncan, Fannie Mae’s chief economist. “Some may not be financially positioned to own a home in the near future, but Americans may begin to revisit that aspiration as employment and household balance sheets improve over the coming years.”
However, Duncan also says many renters are expressing caution about the home buying process when it comes to qualifying for a mortgage and navigating the mortgage process.
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood Realtors – The Symbol of Local Knowledge.
Source: fanniemae.com
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, cheaper to buy than rent, Estero Florida home sales, Naples Florida, Naples luxury real estate, Rent or buy in Naples FL, rent vs buy in Bonita Springs, rent vs buy in Southwest FLorida, renting vs buying, Southwest Florida real estate sales
Posted in Rent or buy in Naples FL | No Comments »
Thursday, March 22nd, 2012
When buying a home, d
o you look at the price or the cost? Obviously, price is part of the cost equation. If you’re buying with cash, you’re just looking at the price. But if you’re using a mortgage, you may want to pay attention to this! The cost of the home over time is more important that the price of the home.
There has been some talk out there about the economy improving and with improvement come higher rates. Lawrence Yun, chief economist for the National Association of Realtors (NAR), recently wrote:
“Mortgage rates will be starting to rise. From the 3.9 to 4.0 percent average rate in the past five months on a 30-year fixed mortgage, the new rates will soon be in the range of 4.3 to 4.6 percent.
We do not attempt to predict future interest rates. We leave that up to the experts in the field. However, we want
our readers to understand the potential impact on the cost of purchasing a home if they do rise. Here is a simple table that shows, even if the PRICE of a home softens, the COST of a home could increase.”
So, if you’re thinking of waiting to buy because you don’t think prices have hit the bottom, you may want decide
that based the COST of a home is headed. The chart below will give you an indication of what you’ll be paying when the rates rise.
Are you ready to buy in Southwest Florida?
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood Realtors – The Symbol of Local Knowledge.
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Home, Buying a Naples home, Buying a Southwest Florida home, Estero mortgage loans, homes for sale naples fl, mortgage loans Bonita, mortgage loans Naples, mortgage rates, mortgages naples fl, Naples Florida, Naples luxury real estate, Naples mortgage rates
Posted in Mortgage Loans, Mortgage Rates Naples Florida | No Comments »
Monday, March 19th, 2012
Median list prices nationwide increased 6.82 percent in February compared to February 2011, according to the latest data from Realtor.com, tracking 146 markets. “The nation’s housing market as a whole are in better shape
today than at any time since the 2009-2010 tax credits,” according to Realtor.com’s monthly housing summary. “While higher list prices do not always translate into higher sales prices, they may signal a growing optimism on the part of sellers that the market has begun to turn around.”
Florida continues to be the market seeing some of the biggest increases to median list prices in the last year. The following 10 markets posted the biggest rise in median list prices year-over-year, according to February housing data from Realtor.com.
Naples, FL is #7 on the list with a year-over-year increase: 15.67%
Median list price: $369,000
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood Realtors – The Symbol of Local Knowledge.
Tags: Buying a Naples home, Buying a Southwest Florida home, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate, Southwest Florida real estate sales
Posted in Naples FL real estate, Naples Florida Real Estate | No Comments »
Friday, March 16th, 2012
96% percent of American’s think now is a good time to buy a house according to recent survey
According to a recent national survey, Americans are significantly more optimistic about homeownership than they were a year ago. According to the survey, 60% of Americans have favorable views toward the real estate market.
That’s up from 52% from last year. The survey shows other signs of increased consumer optimism as well:
- Americans are gaining confidence in stability of home prices
- 70% think it is a good time to buy a house
- 62% percent of Americans think now is a good time to buy a home
Now that you’re ready to buy in Southwest Florida, contact your John R. Wood Realtor today!
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood Realtors – The Symbol of Local Knowledge.
Tags: bonita real estate market, Buying a Bonita Springs home, Buying a Home, Buying a Naples home, Buying a Southwest Florida home, housing market bonita springs, Housing market Naples FL, Housing market SW FL, Naples Florida, Naples Florida real estate sales, Naples luxury real estate, Southwest Florida real estate sales
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Monday, March 5th, 2012
According the the NAR, 12,521 homes sell in the US everyday! See the breakdown at the graphic to the left: 33% first time buyers, 23% Investors, 31% cash deal.
In Florida, things are heating up as the market shows signs of turning around. Home prices in Naples are stabilizing as demand grows. John R. Wood Realtor’s President Phil Wood was quoted in Canada’s The StarPhoenix, commenting on what the value of a Florida home means and that Canadians still have a competitive edge in the Sunshine State.
“The buyers that we’re seeing, they’re for the most part second-home buyers who have been waiting. They’ve wanted to be down here for four or five years but all their plans got delayed because of the recession,” Wood says.
“The loonie has been at or above the [American] dollar for a while now, so a lot of Canadians are looking at that and say-ing, ‘I could get real good value down in the States.’ ”
And Canadians are more likely to have a healthy amount of equity available to pull out of their primary homes. Not surprisingly, Canadians make up 12% to 15% of John R. Wood Realtors’ business.
To find a John R. Wood Agent, click HERE.
To search for real estate in Naples,
Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood – The Symbol for Local
Knowledge.
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Canadian homebuyers, Canadians buying in Naples FL, Canadians buying in Southwest FL, John R Wood Realtors, John R Wood Realtors Naples FL, Luxury golf homes in Naples Florida, Naples Florida, Naples luxury real estate, Naples real estate, Phil Wood, Southwest Florida real estate sales, The StarPhoenix Canada
Posted in Buying a home in Southwest Florida, Buying a Naples Florida Home | No Comments »
Friday, March 2nd, 2012
Don’t forget to look at John R. Wood’s Estate Lifestyles Weekly to see open houses and luxury homes for sale Naples, Bonita Springs and Estero Florida! Click the image below for the digital edition or see our insert in this Sunday’s Naples Daily News!
To find a John R. Wood Agent, click HERE.
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood – The Symbol for Local Knowledge.
Tags: Bonita Bay Bonita Springs, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estate Lifestyles Weekly, Estero Florida home sales, John R Wood Realtors, Luxury golf homes in Naples Florida, Moorings Naples Florida, Naples beachfront condos, Naples Florida, Naples Florida real estate, Naples luxury real estate, Pelican Bay Naples Florida, Port Royal Naples Florida, Southwest Florida real estate sales
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Friday, February 24th, 2012
John R. Wood President and CEO, Phil Wood, was featured in an online article by Canadian Capital Magazine. The article entitled, Buying a Southern Home?For an investment property, look no further than the Southeastern U.S., ran online on February 22. In the article Wood discusses where in the SE United States should you be looking to buy an investment, vacation or retirement property. The markets topping the list Naples, FL, Savannah, GA, and Gulf Shores, AL. These markets are well-known for their financial advantages and luxurious lifestyle attributes in the Southern United States.
Read the full article HERE:
To find a John R. Wood Agent, click HERE.
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood – The Symbol for Local Knowledge.
Tags: Bonita Springs real estate sales, Buying a Home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, Gulf Shores homes for sale, Gulf Shores real estate, Gulf Shores vacation homes, Gulf Shores vacation property, Naples FL, naples fl homes for sale, Naples Florida, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Savannah GA homes for sale, Savannah GA real estate, Savannah GA vacation homes, Southwest Florida real estate sales
Posted in Canadian Real Estate Buyers, Living in Naples Florida | No Comments »
Thursday, February 16th, 2012
In a report released by RealtyTrac, foreclosure activity in Lee County fell in January by 15.32% compared with December 2011, ranking it 19th in the state.
The analysis also showed that Collier County’s January 2012 foreclosures dropped to 257 housing units (one in every 768), down 28.21% from 358 in December 2011, and down 5.17% from 271 units during January 2011.
In Lee County, 945 housing units were in foreclosure last month (one in every 393), down from 1,116 in December 2011. However, compared year over year, foreclosures have increased nearly 11 percent, up from 854, comparing January 2011 to January 2012.
To search for homes for sale in Naples, Estero, Bonita Springs, and Marco Island, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: bonita springs foreclosures, Bonita Springs real estate, Buying a Southwest Florida home, collier county foreclosures, Collier County Real estate, estero real estate, lee county forclosures, lee county real estate, naples fl foreclosures, Naples Fl real estate, Naples Florida real estate, Naples luxury real estate, Naples real estate, Real estate Naples Fl, Southwest Florida real estate
Posted in Collier County Real Estate Market Report | No Comments »
Monday, February 13th, 2012
Besides the obvious reasons that include great prices and low mortgage rates, there are some other reasons people want to buy homes. According to Inman’s Tara-Nicholle Nelson, increased conversations are taking place that center around people who want to buy and are defending reason to buy. Here are the most popular reasons she sites in her article:
I just want to own the place I live. The desire to be a homeowner seems to be the most popular reason. It may include a bunch of motivations, like tax considerations, the ability to gain equity over time, own the home and furnish as you desire. This popular reason may demonstrate that in the debate about whether a home is an investment or a place to live, the emotions around owning the place you live trump investment.
I want to buy now and move later. Warren Buffet’s assistant just famously bought a retirement home, years in advance, publicly stating that she did so on her boss’s advice to buy now and move later. This is a partially market-based sentiment, of course, as the rationale for buying right now is that prices and interest rates are low. But it’s also partially lifestyle-based, as this is a motive for buying that you’re much more likely to hear from those who have diligently saved and are currently well-employed, but look forward to moving to a locale with a lower cost of living in the years to come, when they change career paths or retire.
I don’t want to have to move anymore. The truth that living in a home you don’t own may mean moving when you don’t want to is a big emotional driver for home buying these days. It helps that rates and prices are low, and that many of these renters have been saving aggressively over the past few years.
Whatever your reason may be for buying a home, it’s hard to deny both the great value and lifestyle that you get by purchasing a property in Southwest Florida!
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 Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Florida, Naples luxury real estate, Naples real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying a home in Southwest Florida | 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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