If one of the latest Fort Myers real estate listings actually sells for anything close to its behemoth asking price, that could change things dramatically for the city’s real estate scene. The home in question – 1240 Coconut Drive – is a sprawling estate/mansion located on Old Fort Myers riverfront. The list price? A staggering $25 million plus. Considering the current owner purchased the property in 2008 for $2 million (the previous home has since

Is a Real Estate Meltdown Coming?

Posted by nella on  August 4, 2016
Category: Uncategorized
Every homeowner who owned a home in 2007-2008 has less-than-fond memories of the market crash, when prices bottomed and caused virtually all homeowners to lose massive amounts of value – causing the worst wave of foreclosures to ever hit the U.S. That crisis was precipitated by, among other things, a wave of rapid price growth that grew the value of homes far beyond what was realistic. This caused a real estate bubble that popped spectacularly