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Written by Greg Snow
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Monday, 17 May 2010 15:08 |
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Our local paper the News-Press carried a front page story Sunday on North Fort Myers and how they have Never really busted, because they Never really Boomed. This mostly quiet community north of the Caloosahatchee River in Lee County, Florida has little ingredients to make it a haven for speculators and flippers. Mostly older, retired, frugal and Midwesterners, the income and inclination don't add up to roller coaster rides in real estate. The median family income of around $40,000 per year, lack of many commerical opportunties, median age of over 60 years old, and until 2007 13 story Yacht Club opening, no real "skyscrapers". They are actually building again in Del Tura Country Club with 50 lots still available for manufactured homes. Our Lee County, Florida with Cape Coral and Lehigh Acres leading the way, has been continuously near the top on lists for worst hit areas for real estate foreclosures. It is always nice to see a small amount of our population not have to ride the zoomer to the top and then fall off the mountain top into the sea with the oysters and their eyes. |
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Written by Greg Snow
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Tuesday, 18 May 2010 10:21 |
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Our local lending industry is often more difficult to solve than many of the challenging games, puzzles or riddles one has encountered. My father use to almost finish the Sunday N.Y Times crossword puzzle in about 45 minutes. Today, in southwest Florida's mortgage market, closing a real estate deal with a mortgage normally takes more than 45 days. The Obama's administration's main mortgage assistance plan has as many people who have achieved permanent assistance as those who have tried and dropped out. The number of people who attend the foreclosure sales daily in Lee County has risen from 3-4 to over 100. Our local Multiple Listing Service has almost 1200 closed residental sales under $100k since 2010 with over 30% being REO's of foreclosures. Many of these sales are without loans when closed. Lee County is essentially pulling itself away from the "maddening crowd" of the opti-arm no documents loans that Wall Street helped fuel our place as a leader in foreclosures. Hopefully we are postioning ourselves to be the place to be in this decade.
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Written by Greg Snow
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Wednesday, 28 September 2011 09:44 |
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TAMPA, Fla. (AP) - Florida's tourism bureau says more people are visiting the Sunshine State this year than last.
Visit Florida reported Tuesday that visitor numbers for the second quarter of 2011 were up 6.9 percent over the same period last year. That amounted to about 21.2 million visitors during that time.
Estimates show a 5.3 percent increase in domestic visitors, a 17.3 percent increase from the overseas market and an 18.4 percent increase in Canadian travel to Florida.
Visit Florida says tourism has been steadily regaining market share this year, outpacing the rest of the United States by more than 1 percent.
About 82.6 million people visited the state in 2010, spending more than $60 billion.
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Written by Greg Snow
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Tuesday, 17 August 2010 00:00 |
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Written by Greg Snow
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Monday, 09 January 2012 15:21 |
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In the year 2525, "if man is still alive, if woman can survive..they may fi...", http://www.en.wikipedia.org/wiki/In_the_Year_2525 first brought to our attention in 1969 by Zager & Evans, and probably not referencing our real estate market in southwest Florida's Lee County. Should one (althought I have been told never to should on myself :) look at the 172 closed residential sales in Lee County, Florida that were over seven figure mark (million or more), Sanibel and Captiva Islands provided us with 52 sales in our MLS, www.swflrealtors.com.
The highest close sale was for $6.3 million at 105 Felipe Lane in Bonita Springs that closed in early October, per our MLS.
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