That is the question WINK News asked. WINK interviewed Brett Ellis and wanted to know how bank foreclosures were affecting the local SW FLorida real estate market. See WINK News report Local Housing Rebound? Bank foreclosures are drying up, and first time home buyers are competing with investors for these good deals. Inventory levels have continued to fall as home sales break all-time records. Because builders are not building right now, it will be interesting to see what happens if we don’t have a continued pipeline of affordable bank foreclosures to sustain buyers insatiable appetite for housing in SW Florida.
Brett also did a newspaper article with the Fort Myers News Press about how Lee County’s Meltdown Turns Golden for home buyers. Agents are amazed at how far prices have dropped, and perhaps they have over corrected. Listing inventory has fallen sharply in hard hit areas like Cape Coral, and Lehigh Acres is seeing a resurgence in home buying activity as buyers jump from Cape Coral in search of affordable houing in SW Florida.
Here are a few ways to search for bank foreclosures on our website: