U.S. home values rose at a measured pace in November, a sign that demand remains weak as many buyers have been priced out of the market. Prices increased 5.5 percent in November compared with 12 months earlier, real estate provider CoreLogic said Tuesday. That was up Continue Reading
End-of-year mortgage rates remain below 4%
Average U.S. mortgage rates rose slightly last week, but the benchmark 30-year rate stayed near a 19-month low. Mortgage giant Freddie Mac says the nationwide average for a 30-year fixed rate mortgage increased to 3.87 percent last week, up from 3.83 percent one week Continue Reading
Santa-bel volunteers share in the joy of giving
Santa got plenty of help this year from his friends and helpers in Sanibel and Captiva during the Santa Run on Dec. 23. San-Cap Kiwanis Club members delivered gifts and good cheer to island kids, families, seniors, anyone on the receiving end of a holiday gift and a happy Continue Reading
U.S. home prices up 4.5 percent in October
U.S. home prices rose in October at a slightly slower pace, as real estate sales have fallen and affordability has increasingly become a challenge for potential buyers. Facts HOME PRICES Case-Shiller Home Prices Index Community Year-over-year pricing in Continue Reading
John R. Wood Island Real Estate Welcomes Realtor Sue Scavelli
Sue grew up in Northeast Ohio and is a licensed real estate broker, as well as being licensed in Florida. Sue also holds a Bachelor of Art Degree from Youngstown State University where she worked as a director for computer learning centers and an evaluator of government Continue Reading
Island Hopper festival to return in 2015
Overwhelmingly positive feedback from musicians, visitors and island merchants will prompt the return in 2015 of the Islander Hopper Songwriter Fest. Island Hopper was such a hit, in fact, that the city of Fort Myers will be added to the venue that begins in September 2015. Continue Reading
Planning OKs development for ‘Beach House’
The Sanibel Planning Commission unanimously passed a Certification of Appropriateness and Development Permit for the reconstruction and reconfiguration of the exterior front entry staircase of what is known as the Beach House, which is at 3526 West Gulf Drive. The Beach Continue Reading
Realtor Donates Bike to Benefit the Golisano Children’s Hospital
Ann Divine, Realtor with John R. Wood Properties donated a men's Schwinn bicycle for Golisano Children's Hospital 5th Annual Charity Fashion Show & Auction. The event is scheduled for December 12th at Hyatt Regency Coconut Point Resort. John R. Wood Continue Reading
COTI still influencing the shaping of Sanibel
Although it took Mother Nature centuries to create the beauty of what is Sanibel Island, it has been the effort of a group of people to help preserve her work over the course of the last 40 years. The Committee of the Islands has been a driving force in preserving nature Continue Reading
Mortgage lenders set to relax standards
WASHINGTON – Dec. 2, 2014 – In response to new guidelines from Fannie Mae and Freddie Mac effective Dec. 1, home lenders are expected to further loosen standards for borrowers and give thousands of additional customers access to a mortgage loan. The guidelines clarify Continue Reading
Quiet hurricane season ends with no storms in Fla.
MIAMI (AP) – Dec. 1, 2014 – Hurricane season has ended with a whimper. Sunday marked the official close of the six-month Atlantic hurricane season, making it the ninth season without a major storm to hit Florida. The National Hurricane Center recorded eight named storms in Continue Reading
Fla.’s consumer confidence up 2 points in Nov.
GAINESVILLE, Fla. – Nov. 26, 2014 – Consumer sentiment among Floridians hit a post-recession high of 86 in November, an increase of two points over October, according to a monthly University of Florida (UF) survey. "The last time sentiment was this high in Florida was March Continue Reading
What’s the next big home feature buyers want?
KNOXVILLE, Tenn. – Nov. 24, 2014 – Homeowners are showing a bigger appetite for smart home technology. Nearly half of consumers – 46 percent – say it's important their current home or the next home they purchase have smart home technology, according to a survey of nearly Continue Reading
NAR: Existing-home sales rise in October
WASHINGTON – Nov. 20, 2014 – Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors® (NAR). Total existing-home sales – completed transactions Continue Reading
Average 30-year loan rate up, but still under 4%
WASHINGTON (AP) – Oct. 31, 2014 – Average U.S. long-term mortgage rates arrested their five-week decline this week, but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.98 Continue Reading
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