Mortgage rates seem outrageously high until we look at mortgage rate historical averages. We will explore two concepts relating to mortgage rates today. Nationwide resale home inventory is low because many homeowners feel trapped in their home as they do not want to relinquish their 3% interest rate. To them, selling and buying today seems… Continue reading
SW Florida real estate home prices aren’t quite back to what they were in January 2006 however Southwest Florida home prices rise to highest level in years. December 2015 median home sales price in Lee County came in at $231,000 which was a 21.6% increase over sales in 2014. Average sales prices rose 17.2% up… Continue reading
SW Florida closed sales for single family homes fell in November 6.7% in SW Florida. Many are blaming new Federal guidelines known as TRID for delayed or cancelled closings, and there may be some truth to that. However, a deeper look inside the numbers presents another theory as well. Cash sales also fell 12% in November. … Continue reading
If you read our article on a regular basis you know about the new Federal regulations about to go into affect beginning October 3rd. After studying the new regulations in depth we’ve put together some Best Practices to help people understand what’s about to happen. New regulations affect closings on financed deals only, 1-4 units… Continue reading
A few weeks ago we wrote about 8 things buyers and sellers need to know before August 1. Since then we attended a TRID (TILA-RESPA Integrated Disclosures) class taught by Westcor Land Title Company and we thought we’d bring you new information as it will affect closings this Fall. The Good Faith Estimate and initial… Continue reading
We first wrote about this topic back in March and yet we still find many agents and buyers and sellers have no idea what’s about to happen starting August 1. Large companies like RE/MAX are lobbying Congress to delay implementation because so few are prepared and the impact will be great. I’m attending a major… Continue reading
Hurricane Article Published in May Issue of Reflection Connection Continue reading