Archive for the ‘Market News’ Category

Sanibel real estate blog: The “fiscal cliff” and real estate

Friday, January 4th, 2013

ON Jan. 1, 2013, the House and Senate passed legislation to avert  the “fiscal cliff”. Obama signed this into law on the Jan. 2 and there are some things real estate professionals should be aware of: Deductions for mortgage insurance premiums for filers  making below $110,000 is extended through 2013. The Mortgage Forgiveness Debt Relief […]

Sanibel Real Estate Blog:MARKET WATCH 2013

Wednesday, December 19th, 2012

The date for the 2013 MARKET WATCH has just be announced. Want to learn more about area real estate, including commercial, residential? This seminar provides key info and vital data for buyers,sellers or just interested dabblers in the market.Find out what the experts have to say about where we are headed in 2013. IT will […]

Sanibel Real estate blog: Americans are moving!

Wednesday, December 12th, 2012

The Census Bureau reported on Monday that the nation’s rate of moving inched up to 12% after hitting a record low of 11.6% in 2011. We are still well below the rates of about 14% that officially began in late 2007 and ended in mid-2009. Another glimmer of recovery: long distance moves are up slightly […]

Sanibel Real estate blog: New RE/MAX website

Wednesday, December 5th, 2012

Whether selling Sanibel real estate or Alaska real estate, RE/MAX agents, buyers and sellers now will have an easier time with the relaunched website. It will make surfing for those great new listings so much easier. The interface is simplified and has data on 87 million properties nationwide- both homes for sale and previously sold. […]

Sanibel Real Estate: some stats

Tuesday, November 27th, 2012

The latest stats gathered from the Sanibel MLS show that the total number of listings is  down 25% from January 1, 2012. Condo inventory is down 30% and and homes are down 21%. More good news: the closed sales overall are up by 10% over this time last year ( November 27). By the end […]

Sanibel real estate blog: 30 year low 3.34%!

Friday, November 16th, 2012

Just in from the associated press: The U.S. rate on a 30-year mortgage hit a record low of 3.34% . That is the lowest on record since 1971! The average on a 15 year-year fixed mortgage is 2.65%. The average rate on a 30 year loan has been below 4% all year. It has fallen […]

Sanibel real estate blog: 2012 Housing Recovery is Real

Thursday, October 25th, 2012

Both home prices and home sales in September continued at levels higher than last year according to the most recent RE/MAX National Housing Report, a survey of MLS Data in 52 metro areas. That is eight consecutive months in a row where the median home price was higher than the previous year. That’s good news, […]

Sanibel real estate blog: The latest on Sanibel stats.

Thursday, October 18th, 2012

The latest Sanibel real estate info is here. Statistics from the Sanibel Captiva Board of Realtors show that our inventory is down by 30% since January 1, 2012. Going into the coming season supply and demand equation should be closer to normal levels. From a sales standpoint we are on pace to beat our 2011 […]

Sanibel real estate blog: Fannie tightening criteria

Thursday, October 11th, 2012

Sanibel real estate buyers listen up: Fannie Mae is tightening some of its underwriting standards for condo and homebuyers who want to refinance. The new guidelines include: a two page questionnaire for buyers with less than 20% down as well as additional documentation from the hoa, self-employed borrowers will now have to provide two years […]

Sanibel real estate blog: A short market update

Thursday, October 4th, 2012

Just a quick market update on Sanibel real estate: we currently have 30% fewer listings than we did on January 1, 2012. Home inventory is down 27% and condos are down 40%. We are seeing a slight increase in home prices, especially the ones near the beach, but nothing significant in the condo market yet. […]