Category Archives: Fort Myers Real Estate

News and information relating to Fort Myers real estate market

Home Builders Predict Housing Slowdown

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The National Association of Homebuilders (NAHB) is meeting this week in Orlando Flrida. They are concerned about markets such as Las Vegas, Phoenix, Orlando, Miami and San Diego where investors accounted for more than 25% of the total sales in those markets. Nationwide, investors accounted for 20% of all sales. Home Builders Predict Housing Slowdown.Particulary troubling could be upscale home and condominuims, according to NAHB. Investors started pulling back in the 4th quarter of 2005.

The fear is investors will choose to sell properties or pull-out of existing contracts, which could lead to over supply and put pressure on prices. Investors have left the real estate market and gone back into other things, like the stock market and commodities.

We’ll be sure to keep you posted on what changes if any are in stor for Lee County and the Southwest Florida real estate market.

Loan program Allows you to Build in Repair Costs

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HUD has introduced enhancements to the streamlined 203(k)
program to facilitate the purchase of property that needs only
minor rehab work, including raising the ceiling for repair costs
to $35,000.

Loan program Allows you to Build in Repair Costs

This allows a buyer or investor to purchase a property that needs repair and build in the anticipated costs to the loan. It’s a good way to purchase a property, improve it, and have equity or sell it. Everyone wins as long as you purchase the property up-front at a fair price. The buyer makes some equity, and the neighborhood is improved as the property is improved.

Feel free to call us at 239-489-4042 to take advantage of this program in Lee County, Southwest Florida. Visit our website Topagent.com 

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Annual Cyber Star Conference

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The annual Cyber Star Summit is being held this week in San Antonio Texas. The Cyber Stars are the Top 200 agents nationwide out of more than 1.5 million Realtors. The Cyber Stars are discussing the latest trends in technology, improving communications with buyers and sellers, and evaluating the latests products to better serve the Real Estate community.Brett Ellis is is a Cyber Star and was asked to speak at this years Summit. Not only was it a pleasure speaking to such a powerful group, I also enjoyed learning from some of the brightest minds in the business today. We look forward to bringing some of the latest trends to the Fort Myers, Southwest real estate market. Technology, along with real estate is developing at lightning speed, and those that adapt and change with it will become more efficient and prosper.

Housing Bubble Boom or Bust?

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Real Estate Bubble Ready to Burst? NBC interviews top agent Brett Ellis about the housing bubble boom or bust and where SW Florida market is headed. Complete with video (No longer active).  NBC Nightly News feature on foreclosures in SW Florida  Brett Ellis is known for his statistical analysis of the SWFL real estate market, and his Current Market Index, which accurately predicts where the market is headed. Brett works with his mother Sande Ellis, and together they lea d the market in Southwest Florida. View their website.

Our analysis shows the SW Florida real estate market may be headed for a real estate bubble, and soon. At some point, the what a bigger fool will pay philosophy will have to end.  We don’t have end users for all of this new construction.

See our Innovative Sales Tactics as reported by NBC-2.

Economist: Gradual moderation of real estate market likely (Link no longer active from Naples Daily News) Noted economist Hank Fishkind addresses mortgage rates, retirees, demographics, oil prices, and markets up north to come to his conclusion.