The Southwest Florida housing market closed 2017 with robust results, according to end of year market reports recently released. Real estate sales and overall housing market conditions as a whole are based on many factors. In 2017, the area saw above average employment rates, low inflation, record stock market activity, and increased consumer confidence. Looking into 2018, there are additional factors that will attract buyers to the Southwest Florida area, including tax reform and continued […]
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United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers from China, India, Mexico and the UK also contributing to the increase. “The political and economic uncertainty both here and […]
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Entering the housing market for the first time can be overwhelming and costly. It is very likely the largest purchase one has made and the process can be confusing. The most recent market report by Naples Area Board of REALTORS® (NABOR®), released June 16 with May figures, shows pending sales up 12 percent, closed sales up 23 percent and inventory up 4 percent. An analysis of the Census report by Trulia determined that owner households […]
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University of Central Florida (UCF) Economist Sean Snaith predicts that Florida’s gross state product will break the $1 trillion mark next year – and then climb to $1.074 trillion in 2019. That gross state product level would in turn make the Florida economy the 16th largest economy in the world, as ranked by the World Bank. Snaith expects the gross state product to expand at an average annual rate of 2.9 percent through 2019 and […]
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A report recently released by HowMuch.net offers an analysis of monthly housing costs by state and the differences between the cost of owning and the cost of renting. The report shows the smallest cost increase between owning and renting is in the Southeast region and in the Rust Belt. The report lists homeownership in West Virginia as the most attainable, while homes in Florida, Indiana, Arkansas and South Carolina are highlighted as reasonably attainable. The […]
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