Home Prices are up 6.34% Across the Country. See Burnt Store Isles….

What Does Average Price For Sale & Sold graph mean? Average Price For Sale is the average of list price of the properties for sale in a particular month. Average Price Soldis the average of sold price of the properties sold in a particular month. Displaying both Average Price For Sale and Average Price Sold line charts in a graph portrays … Continue reading Home Prices are up 6.34% Across the Country. See Burnt Store Isles….

The State of the Market….A Bubble?

  Are We Heading Towards Another Housing Bubble? NO!  Watch the video One of the causes of the housing bubble 10 years ago was the increase of housing inventory to a 10-12 month supply. This over supply caused prices to fall. Today we have a 4.4 month supply of homes for sale, nowhere near the … Continue reading The State of the Market….A Bubble?

24 Hours that Suddenly Improved the Market

24 Hours that Suddenly Improved the Market! What happened to turn around the downward momentum in the market? This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased … Continue reading 24 Hours that Suddenly Improved the Market

The Housing Inventory in Todays Real Estate Market

  Redfin: Housing inventory accelerates to 3-year high While inventory rises 5%, sales retreat 8% In November, housing inventory climbed 5%, marking its fastest growth in the last three years, according to new data from Redfin. Last month, U.S. home sale prices rose 3.3% year-over-year, coming in at a median of $298,800. In fact, November was the … Continue reading The Housing Inventory in Todays Real Estate Market

Our European Connection

We had the pleasure of meeting with the Directors of our London Affiliate, Mayfair International Realty in Venice, Florida at Gran Paradiso, a beautiful gated community.  It was a pleasure to hear from Nick and Annette.  A Royal Visit From Mayfair International    By: Shanna Bellingham | December 14, 2018 |   Nick Churlton, Kelley Callaway, and Annette Reeve … Continue reading Our European Connection

When is the best time to sell your home in Southwest Florida?

  The simple answer is – The Best time to sell your home is when it is right for you.  Click Here for a Video All through the year, homes are being bought and sold, so put your home on the market when you are ready. You have to evaluate why you want to sell, … Continue reading When is the best time to sell your home in Southwest Florida?

The Tale of Two Markets – Buyers And Sellers

Would you like to know the months of Inventory in Punta Gorda? Click here. Months of Inventory based on Closed Sales = the number of properties for sale,  divided by the number of properties sold. Months of Inventory based on Pended Sales (contracts signed) = the number of properties for sale,  divided by the number … Continue reading The Tale of Two Markets – Buyers And Sellers

Housing Bubble? Further proof its not 2008 all over again!

We had a disastrous Real Estate Market in 2008 and that bubble was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATM’s by refinancing and swapping their equity for Cash. Many to invest in other property with loans and low down payments. It was crazy to think that prices … Continue reading Housing Bubble? Further proof its not 2008 all over again!

Gratitude And Thanksgiving

Happy Thanksgiving!   “There can be no greater gift than giving one’s time and energy to help others without expecting any in return.” —Nelson Mandela Gratitude is the key to being happy. All of us have something to be grateful for no matter our situation or our bank balance.  In this Thanksgiving season, let us all … Continue reading Gratitude And Thanksgiving

Wage Increases Make Home Buying More Affordable

Wage Increases Make Home Buying More Affordable                   Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it … Continue reading Wage Increases Make Home Buying More Affordable