Southwest Florida Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 20, 2022

What’s Ahead for Home Prices

What’s Ahead for Home Prices?

What’s Ahead for Home Prices?

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward?

While opinions differ, the most likely outcome is we’ll fall somewhere in the middle of slight appreciation and slight depreciation. Here’s a look at the latest expert projections so you have the best information possible today.

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Oct. 18, 2022

Most over valued real estate market

Overvalued housing markets

Southwest Florida officially bypassed Boise, Idaho for the No. 1 spot on the highest premium list.

Still reeling from the impact Hurricane Ian had on the state, the housing market in Southwest Florida has been dubbed as the nation’s most overvalued market by researchers at Florida Atlantic University and Florida International University. 

 

A press release from the Florida Atlantic University College of Business states the Cape Coral and Fort Myers metropolitan areas blew past the former highest premium area of Boise, Idaho. Based on statistical modeling of past sales, properties should be selling for $252,176. But right now, the average is $429,775.

Top 10 Rank Metro Areas

Read complete article here: https://www.businessobserverfl.com/article/overvalued-housing-markets-in-area-may-get-worse-with-ian

Sept. 23, 2022

6475 Morgan La Fee Ln

6475 Morgan La Fee Ln, Fort Myers, FL

Get Directions Click Here



 
Description Features Photos Maps & Local Schools Virtual Tour Walk Score
 
$ Click for current price

3 BEDROOMS

2 BATHROOMS (2 full)

2100 Square Feet

 

Welcome to Camelot! Your Paradise Awaits! Inviting and warm, you’re greeted by the vaulted ceilings and an open Family Room with a fireplace. Gorgeous open Kitchen with large eat-at island, wood cabinets, quartz countertops & farmhouse sink. There is plenty of storage and cabinet pantry space. Wine cooler and bar areas too. You and your guests will enjoy the large dining room too. The Lanai and Backyard are truly designed for entertaining: screened, pool/spa, built-in fire pit with mature palms, and bushes fully fenced yard for privacy. Large storage shed in back too. A hidden Gem! This is one of the best-kept secrets in Fort Myers! Tucked away yet in the heart of the city. Located off Daniels Parkway with convenient access to Beaches, Restaurants, Schools, and amenities. This home offers quick access to everywhere you want to be. NO HOA fees and NO FLOOD insurance required. AC 2019, Roof 2017, bedrooms new carpet. Large Attic storage over garage all plywood, you can even stand up. Come fall in love with this home!

 
FORT MYERS HOMES FOR SALE

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Guide to Buying a Home

Free Home Value

Guide to Selling Your Home

Jonathan Blaze

Realtor

MVP Realty

239-770-6880

jon@southwestfldreamhomes.com

 
L2L
 

Posted in Buyers
Sept. 19, 2022

Crash

"THE CRASH IS COMING!! THE CRASH IS COMING!! OMG, Dennis, WHEN IS THE CRASH COMING?' 🙃🙃🙃
Not very likely. My soap box. Let's look at some facts. 🤓🤓🤓
Nearly 40% of homeowners today paid cash or have ZERO mortgage, most ever. The average homeowner has $317,000 in equity, most in history. 💲💲💲
The average homeowner, with a mortgage, has a loan at 42% loan to value, lowest in history. 👊👊👊
Nearly 70% of homeowners, with loans, have a rate 5% or under. Nearly 25% of homeowners with a loan, have a rate 3% or under. ↘️↘️↘️
Nearly every homeowner, with a mortgage today, faced the highest loan quality underwriting in history and had to document, and prove, the ability to repay their monthly mortgage payment. 👍👍👍
SOOOOOOO, if a "crash" is coming, you tell me, what will force that crash? What is going to FORCE homeowners to sell crash-level low? 〽️〽️〽️
Not their low loan, not their low monthly payment, not a marginal depreciation of their massive equity. The only thing that can cause a crash is an economic disaster, worse than 2008, that forces mass layoffs and mass companies to close. 🤬🤬🤬
The market crashed 25% in the great recession. Some markets way higher, some way lower. ↘️⬇️⬅️
Anyone truly believe the next one will be worse than that? Even if you do, there are already home sellers choosing to discount 10-20%. ↘️↙️↘️
You aren't buying "the market," You are buying a house. Go get your "crash-level 10-20% discount" from a highly-motivated seller. They are out there. 🏠🏠🏠
AND, if you are still afraid? Rents are at an all-time high.
Blackstone just raised $50 billion to buy real estate at a discount. They have paused some of their weakest markets but they couldn't care less about appreciation, depreciation or "crashes." They care only about income/cash flow. 🔑🔑🔑
Follow Blackstone, a $112 billion company, and buy an investment home instead of a home to live in.
Let's be honest. The "best time to buy a house" was XX years ago. It's always in hindsight. There's never a "good time." Don't listen to others, especially "experts." 🧐🧐🧐
No one knows what rates nor the housing market will do next week, let alone next year. Do your own research and do what's best for you and your family. 👨‍👩‍👧‍👧👨‍👩‍👦‍👦👨‍👩‍👧‍👦
Posted in Buyers
Sept. 15, 2022

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming?

To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year.

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Sept. 7, 2022

Expert Forecasts on Mortgage Rates

Expert Forecasts on Mortgage Rates

Expert Forecasts on Mortgage Rates

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

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Sept. 6, 2022

Cape Coral Market Update for July and August 2022

Market Update Cape Coral July and August 2022

Cape Coral Market Update for July and August 2022

What’s happening in the Cape Coral real estate market between July and August of this year 2022 and looking at the month of August in 2021. This is a monthly update over the previous month posted here. From the post made last month our market is slowly moving towards a buyers’ market though currently I would say we stand in neutral territory right now. Some homes priced right do still get multiple offers some offers over asking but those are not as common as 6 months ago.
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Aug. 30, 2022

What’s Actually Happening with Home Prices Today

What’s Actually Happening with Home Prices Today?

What’s Actually Happening with Home Prices Today?

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.

Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today.

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Aug. 23, 2022

What Sellers Need To Know in Today’s Housing Market

What Sellers Need To Know in Today’s Housing Market

What Sellers Need To Know in Today’s Housing Market

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why.

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Aug. 12, 2022

Cape Coral-Fort Myers Market Update July 2022

Rising Mortgage Rates Have Stifled Affordability
with July’s Real Estate Market Stats

Fort Myers and Cape Coral, FL The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand, and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR).

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