The US economy grew at an annual rate of 4 percent in the second quarter, according to an initial government estimate Wednesday. The figure marks a turnaround after gross domestic product registered its first decline in three years in the previous quarter. The rebound in the Continue Reading
Foreclosure inventory down 35%
U.S. foreclosure inventory plunged, but it's not yet time to break out champagne. Housing experts aren't quite ready yet to declare the foreclosure crisis over. And while things look better nationwide, Florida retains a leading spot as the No. 2 state for foreclosures Continue Reading
How is the Real Estate Market?
It is doing fantastic! Sales are up and listings are down yielding price gains. Customers are now able to sell their homes up north and move down. The amazing aspect of the sales is how well our office is doing! The Board of Realtors in our area had a 3% increase in the Continue Reading
Sanibel volunteer is an “angel” to island groups
Not enough time for any interest outside of volunteerism for Jerry Edelman. The retired businessman, former pharmacist and Sanibel resident chooses to walk Gulf beaches checking on the well being of sea turtles, to promote coupon books and his beloved Sanibel Kiwanis Club, Continue Reading
Zillow agrees to acquire Trulia
Zillow Inc. announced today that it has entered into a definitive agreement to acquire Trulia Inc. According to Zillow, the $3.5 billion stock-for-stock transaction approved by the Boards of Directors of both companies is expected to close in 2015. At closing, Trulia CEO Continue Reading
Consumer confidence rises again in July
The Conference Board Consumer Confidence Index, which improved in June, increased again in July. The Index now stands at 90.9, up from 86.4 the month before. The Present Situation Index increased to 88.3 from 86.3, while the Expectations Index that gauges attitudes about Continue Reading
Fort Myers on track with help of Captiva business man
Downtown Fort Myers is a few square blocks of restored hope. And it's partly because of smart and aggressive people like Rene Miville. The Captiva business man has just opened the Miville Gallery, an edgy and engaging space on the second floor of his Franklin Shops retail Continue Reading
Love is the focus of Sanibel shell exhibit
From the Islander Newspaper: Romance is at the heart of a new activity at the the Bailey-Matthews National Shell Museum in Sanibel. A Sailors' Valentine board has been located in the museum lobby. It's a 19th century interest when sailors returning from sea adventures gifted Continue Reading
Mortgage rates dip slightly
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310976 Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30-year loan dipped to 4.13 Continue Reading
Mortgage rates dip slightly
Read the article here: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310976 Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a Continue Reading
Eight survival tips for a successful move
In 2013, 15.3 million Americans moved between June and August, according to the American Moving & Storage Association. To help prepare for the hectic summer moving season, Mattress Firm, Inc., and Homes.com have partnered to provide outside-the-box tips to help movers Continue Reading
NAR: International homebuyers continue to invest in profitable U.S. market
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310591 WASHINGTON – July 9, 2014 – Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate Continue Reading
Building giant considers move to home-rental market
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=310520 Lennar Corp., one of the nation's largest home builders, is "considering" a move to build homes earmarked for renters if first-time home buyers continue to be reluctant, said Stuart Miller, the builder's Continue Reading
Bailey-Matthews shell collection crosses into new territory
Fifty-eight thousand Bailey-Matthews shell collection. That's the magic figure for the Bailey-Matthews National Shell Museum. Museum volunteers in the last week crossed the barrier of recording and cataloging 58,000 lots of shells, or roughly 275,000 individual shells Continue Reading
RealtyTrac: Home prices up 13% due to high-end sales
In RealtyTrac's May 2014 Residential & Foreclosure Sales Report, U.S. residential properties – single family homes, condominiums and townhomes – sold at roughly the same rate as they did one month earlier and less than 1 percent higher year-to-year. However, total sales Continue Reading
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