SWFL Real Estate Thriving During Pandemic

Despite pandemic, parts of Southwest Florida’s real estate market are thriving Laura Layden Naples Daily News – Aug. 17, 2020 Many sectors of Southwest Florida’s real estate market are still cooking, despite the coronavirus pandemic. That’s one of the biggest trends Randy Thibaut, founder, owner and CEO of LSI Cos. in Fort Myers, finds the most “remarkable” across the industry.... Read more »

5 Rampant Mortgage Myths

5 Rampant Mortgage Myths You’ll Hear These Days—Completely Debunked By Erica Sweeney – Realtor.com| Aug 13, 2020 These days, things are changing so fast, it’s tough to keep up. That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information... Read more »

Village of Estero Meeting Recaps for July 2020

Village of Estero Meeting Recaps for July 2020 Planning & Zoning Board – July 21, 2020. The Board approved the Local Ladies Social Network, Inc.’s application, with conditions, for a farmer’s market at the Miromar Outlets Mall. The market, which is currently in operation, was approved to operate one day a week on Friday, from... Read more »

Home Prices to a Record High

How the Pandemic Pushed Home Prices to a Record High Amid Historic Economic Downturn By Clare Trapasso | Jul 30, 2020 denphumi/Getty Images Who would have thought that this summer, with the number of COVID-19 cases surging and new rounds of restrictions and shutdowns, would yield one of the most competitive housing markets in recent... Read more »

Mortgage Rates Drop Below 3%

Glowimages / Getty Images Mortgage Rates Drop Below 3% – Lowest in 50 Years By Kerry Smith – July 16, 2020 The 30-year, fixed-rate mortgage averaged 2.98% this week, according to Freddie Mac – but any uptick in buyer demand will meet a shrinking inventory of for-sale homes. MCLEAN, Va. – The average 30-year mortgage... Read more »

June 2020 Village of Estero Council Meeting Recap

June 2020 Village of Estero Council Meeting Recap Council Meeting Recap from June 17, 2020.  The meeting started with an update on Florida Gulf Coast University’s  water school presented by Dr. Michael Martin and a presentation of the preliminary water quality findings for the Estero River presented by Don Duke, Ph.D., P.E. Dr. Martin stated... Read more »

Housing Market Heats Up

The Housing Market Heats Up as More Americans Return to Work By Clare Trapasso | Jul 2, 2020 After a rough spring, the economy is looking up this summer, as nearly 5 million Americans went back to work in June. That’s likely to provide another jolt to the already hot housing market. The nation’s unemployment... Read more »

30-Year Mortgage Hits Another Record Low

JULY 2, 2020 At 3.07%, the 30-Year Mortgage Hits Another Record Low Last week’s 3.13% was a record low – this week’s 3.07% is another, and the lowest since Freddie Mac started tracking average rates in 1971. SILVER SPRING, Md. (AP) – Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan... Read more »

Buyers Ready to Make a Move

Image by John Schnobrich 56% of Consumers Unafraid of In-Person Real Estate Events By Catherine Mesick Survey: Most buyers seem ready to move forward with deals. In general, more people feared COVID-19’s effect on society (61%) than how it might impact them. WASHINGTON – Despite the ongoing COVID-19 pandemic, 56% of consumers said they’d attend... Read more »

New Loan Applications Up 54%

Buyers Aren’t Backing Down – New Loan Applications up 54% Many buyers view the pandemic as an opportunity rather than challenge. Mortgage bankers say the number of mortgage applications and amount requested keeps going up. NEW YORK – Homebuyers are entering the market at a much brisker pace than many economists forecasted. Mortgage applications for... Read more »
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