Archive for the ‘Market News’ Category

Sanibel Real Estate Blog: LEE County among “Best Places People Are Moving”

Tuesday, May 22nd, 2018

According to the Ft. Myers News-Press on May 22: a new report from U.S. News and World Report ranks Lee County  second nationwide on its list of “The Best 25 Places Are Moving to in 2018”. Florida locations dominated the list with Sarasota at  , Port St. Lucie at 6 and Melbourne at 10. Time […]

SANIBEL REAL ESTATE BLOG: VOTE YES ON AMENDMENT 2

Thursday, May 17th, 2018

   Amendment 2, the proposed amendment this November  would extend a current 10 percent cap on annual increases in assessed values of non-homestead properties – a cap that voters approved in 2008. Florida Realtors and www.chuckandrews.com  supports Amendment 2! Visit the “Amendment 2 – Good for All Floridians” website for more information on the campaign […]

SANIBEL REAL ESTATE BLOG: SOME MARCH STATS

Monday, May 7th, 2018

March was  a great month in Lee County home sales with closed sales for single family homes running at 1281, compared to 912 the previous month. Median sales price for single family homes stays on a positive track as well with the median sales price up 2%- we are now at $260,000 for median sale […]

SANIBEL REAL ESTATE BLOG: MORTGAGE INTEREST RATES RISING

Friday, April 27th, 2018

Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers’ prospects amid the spring buying season. It was the third straight week of increases for long-term mortgage rates. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped […]

Sanibel Real Estate Blog: February STATS

Thursday, March 22nd, 2018

Closed sales, median salesprice, and active listings saw a positive increase in the month of February in Lee County. The number of closed sales for single family homes was up more that 10% year over year with 912 closed sales compared to 824 last year. Condos were up even more- 16.7% or 511 closed sales […]

Sanibel Real Estate Blog: Confusing New Tax Laws

Friday, February 23rd, 2018

Yes, if you are purchasing Sanibel real estate you will want to be current on the new tax laws. Everything on the changes can be found at Tax Reform page on IRS.gov. And when you have read up on everything, consulted with your accountant and are ready to make a purchase, Chuck & Kimberley Andrews […]

Sanibel Real Estate Blog: FAST GROWTH TRACK For Florida

Tuesday, February 6th, 2018

Out of the 50 U.S. states, eight had populations that grew by more than 1.6 percent in 2016. Many of the fastest-growing states tend to have affordable, midsize cities with quality school systems, and low unemployment, reports 24/7 Wall St., a financial news site. AND here is Florida in #4 Position:   4. Florida 1-year […]

Sanibel Real Estate Blog: STATE of the UNION Housing Address

Thursday, February 1st, 2018

Realtor.com recently released its own “State of the Housing Union” and according to the analysis, strong buyer demand, constrained inventory, and ready-to-buy- first timers are the key drivers in the current market. Realtors know that housing drivers are local and it’s always best to seek professional advice if you are buying or selling. If you […]

Sanibel Real Estate Blog: Flood Insurance Update

Wednesday, December 6th, 2017

If you are under contract to buy a home, better get your flood insurance lined up before Dec. 8. The National Flood Insurance Program expires then and if Congress doesn’t act there could be a lapse in this program. Republicans proposed a spending deal that would keep this going until Dec. 22 on Monday but […]

Sanibel Real Estate Blog: NAR Applauds Flood Bill Passage

Thursday, November 16th, 2017

According to NAR, H.R. 2874 authorizes $1B to elevate, buy or mitigate high-risk properties; caps premiums at $10K per year; opens up coverage to the private market; allows community flood maps and an appeal process; improves the claims process; and deals with properties that flood repeatedly. Originally to expire on Dec. 15th, this seems like […]