Last week the average 30 year fixed rate mortgage dropped to 4.04% from 4.09% just a week prior, giving incentive to prospective homebuyers. With the economy's steady recovery over the past 6 years in addition to lowered mortgage rates, home sales have increased. In June, Continue Reading
Real Estate News – U.S. Home Sales Up 5.1% in May
According to the Wall Street Journal, U.S. existing-home sales increased 5.1% in May. Read more about it in their economy section online. As always, for all things Sanibel Island Real Estate related, visit the John R Wood Properties' Sanibel Island Real Estate Market. Continue Reading
Nationwide Home Selling Trends Shift in 2015
Some days it feels like the islands exist in their own world, set apart from the rest country. Still, it’s always a good idea to check national trends every once in a while for a clue as to how the climate of the Captiva and Sanibel real estate market might be Continue Reading
Sanibel Real Estate: US Housing Builds & Permits Surge
Let the building commence! Market data shows that across the U.S., the number of new home builds and permits has finally come back around to reflect numbers similar to those that predate the market crash. CNBC covered the news in their online real estate section noting, Continue Reading
Sanibel Real Estate: Florida Housing Market Continues to Grow
The end of April 2015 shows steady growth for the Florida housing market. Florida Realtors recently released their latest data on the industry, which noted more new listings, higher median prices and increased sales at the end of last month. Here locally, John R. Wood Continue Reading
Sanibel Real Estate : Americans Say Real Estate is Best Long-Term Investment
Sanibel Island Real Estate Information is provided by John R. Wood Island Real Estate Amidst the deluge of decisions we all make each day, “where should I invest” might not be at the top of the list, or maybe it is. Either way, whether you’ve got investment on the mind or Continue Reading
U.S. home equity continues to improve
NEW YORK – Jan. 12, 2015 – Average equity on all financed homes in the nation continued to grow as hundreds of thousands of borrowers moved into the black. As of the third quarter of last year, the average loan-to-value ratio (LTV) on all U.S. residential loans was 58.9 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
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
Open Houses this Weekend March 8 & 9
Below are some great properties open for you to stop by and see. If you would like additional information on these or any other properties please contact us. Saturday, March 8 7382 Heritage Palms Estates Drive Open: Saturday 1pm-3pm Click HERE for directions and Continue Reading
See our Featured properties in the Islander Newspaper: Sanibel Island Real Estate
Our wrap advertising wrap around the Island newspaper is out tomorrow but you can see it first here. Please CONTACT US or the AGENT for more information on any of these or any other Southwest Florida Property. Continue Reading
Sanibel, Captiva, Fort Myers & Surrounding Areas: National Shadow Inventory at Lowest Level in 6 Years
CoreLogic states that the national shadow inventory — also often known as “pending supply” — dropped to the lowest level since August 2008, to 1.7 million homes and down 24 percent compared to levels just one year ago. The company estimates shadow inventory by the number of Continue Reading
Foreclosures Drop in Collier and Lee Counties
RealtyTrac released its foreclosure report for November 2013. This report found that foreclosures decreased in both Collier and Lee Counties. The numbers are: Collier County filings totaled 256, down 39.19 percent from October and 49 percent from November 2012 In Lee Continue Reading
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