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The Lee Beat goes On and On. PDF Print E-mail
Written by Greg Snow   
Thursday, 14 May 2009 14:42

 When our Lee County Florida Property Appraiser, www.leepa.org, Ken Wilkerson warned us of a likely 30% drop in our property values , and maybe 50% or more in Cape Coral and Lehigh Acres, the idea of extra revenue to keep our area going was only a remote possibility. The May 6th Wednesday edition of the News-Press, www.news-press.com, had 88 pages of 7 lines each with tiny print of all the tax certificates from 2008 that are delinquent, many are unimproved land , but homes, condos, income property are all well represented. Our unemployment rate at almost 12%, the hungry and homeless incresing in large numbers, funding for arts and other civic projects on hold, local leaders and businessmen getting fired or facing jail time, rainy season on the horizon and hurricane season only 17 days away, we're hoping we have reached the time to look for the best opportunities for redemption and resuscitation.

 Summer is rapidly approaching us with hot and humid weather, quick violent storms, baseball or steroidball, and trying to squeeze into last summer's clothes. Gulf of Mexico water temperature gets near 90 degrees, you call the roads your own, two servers for you in each restaurant, empty shops, teens at the beaches, and the countdown to football season. The real test of the local real estate market is the next 90-100 days with the seasonal buyers gone and the bargains still on the market, especially in Cape Coral and Lehigh Acres. Our local banks are mostly in good shape with the money our Govt has offered still being eligible for "recycling" with banks hodling under $500 million. Nationally and locally we still enjoy long term taes about 5% for strong borrowers and if it will appraise, you "gotta a deal". I still enjoy our area for being "paradise".

Whether it's Paradise "Lost" or "Found",  the final determination is on the near horizon.

 

 

Lee County Real Estate News

news-press.com
Fort Myers Headlines

Edison festival event is for the dogs

Winning Fantasy 5 ticket sold in Fort Myers

Sam Cook: Now her son, too, is victim of streets

Teen addicts helped for 20 years at Fort Myers center

2 Fort Myers men not charged in November robbery

Science project brings free ride to college

Monthly art fair canceled to make way for ArtFest

Fort Myers family grieves after killing

Fort Myers police seize guns, drugs

Fort Myers police release latest Most Wanted list
news-press.com


Cape Coral sailor goes for Paralympic gold in England

Singer Gene Ferrari to appear at Cape Coral Community Theatre

Valentine's bash set

Cape Coral Hospital mailroom could use help

Cape police honored for helping family on own time and dime

Military history goes mobile

North Fort Myers' Marinatown flourishing

Bike ride supports youth mission
news-press.com
Bonita Springs Headlines

Basketball pioneer dies Bonita Springs

Council OKs privacy wall on Bonita Beach Road

Bonita council seat winner ready to contribute

Bonita Springs City Council adopts strategic plan

Accomplished greyhounds to square off at Naples-Fort Myers Greyhound Track

Former SW Fla. director for Rubio campaign will not face battery charges

Bonita Springs mayor prevails in partisan fight

Incumbent Nelson defeats Grothaus to remain Bonita Springs mayor

Peter Simmons wins District 4 council race in Bonita

Voter turnout at steady pace in Bonita
news-press.com
Entertainment: Golf Headlines

Langer eyes return to previous title form

ACE Group Classic champ Bernhard Langer eager to repeat win after injury

Southwest Florida golf notes

Golf pro Mike Calbot a product of another era
news-press.com
Real Estate Headlines

Florida bill seeks to hasten foreclosures

Esperanza steps into parade

Joe Adams: Mandatory HOA needs unanimous support

Commecial properties: Uptown Holdings buys commercial condo

This week's featured Lee County property

Real Estate briefs: Builder breaks ground on Bonita Lakes

Foreclosures, permits rise in Lee