The Shocking News in the Unemployment Report

08 Jun

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Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5... Read more »

The Benefits of Homeownership May Reach Further Than You Think

05 Jun

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More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to... Read more »

Home Prices: It’s All About Supply and Demand

02 Jun

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As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our way through the month of... Read more »

Why This Summer Is the 2020 Real Estate Season

27 May

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With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.... Read more »

Interest Rates Hover Near Historic All-Time Lows

27 May

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With interest rates currently at historic lows, it may be the right time for you to buy real estate. Some Highlights: Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your... Read more »

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

21 May

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One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the... Read more »

There’s No Place Like Home

28 Apr

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I first saw the meme below many, many months ago, I mean March, when the COVID-19 crisis first came to the US. At the time, I chuckled at the clever humor. But as time has gone on, I’m starting to think it’s a really good question. As a result of COVID-19, many people are spending... Read more »

March Naples Area Market Report

24 Apr

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March Housing Activity Signals Essential Need for Homes Naples, Fla. (April 23, 2020) – Like all industries impacted by the COVID-19 pandemic, the Naples area housing market was not immune to its effect in March. While home sales dropped, home prices remained steady, and in some cases, increased. Because the stay-at-home order went into effect mid-month,... Read more »

February Housing Activity Reflects Naples Enduring Desirability

27 Mar

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Naples, Fla. (March 27, 2020) – Despite state recommendations to practice self-distancing, the housing market in the Naples area continues to breathe with life. The February 2020 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), showed overall closed sales increased 29... Read more »

Study: Presidential Elections Can Sway Home Sales

23 Feb

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If the current election unfolds similar to earlier ones, the process will impact home sales more than the policies of the person who actually wins. If so, home sales will slip in June and rebound in Nov., with pent-up demand driving a strong real estate market through spring. NEW YORK – The months leading up... Read more »