We have heard conflicting stories about a “bubble” bursting in the Florida real estate market...Much of this market is being driven by demand, which we don’t think will stop anytime soon. Florida is seeing an influx of new permanent residents from the NE and Midwest, as usual, but additionally Californians are migrating to the Sunshine State. We've had several sales pend "sight unseen"! Our market is hot and we don't
Read MoreThe Harris Peppe Team is pleased to announce this week's Select Vendor is Kelly Rebimbas of Sunbelt Lending Services. Kelly has been a loan officer for over 20 years. Her professionalism and attention to detail is beyond reproach! She states, "Although there are mixed feelings about the economy today, we have seen our business grow tremendously over the past few years. It is my opinion that now is a great
Read MoreSeason is here! There is no denying it. The "out of state plates" are cruising along the Naples streets...in addition to more street traffic, our Internet traffic is up substantially...Rental inquiries: UP! ...Buyer inquires: UP!...Showings on listings: UP!...Offers on listings: UP!...Pending sales: UP! (click on chart below to enlarge which tracks pendings for the past 4 years). PENDINGS are always the best barometer for determining the current real estate climate.
Read MoreYesterday, at our weekly business meeting here at the Coldwell Banker Previews office, Kelly Rebimbas- Senior Loan officer for Sunbelt Lending, spoke about current industry news concerning mortgages. Here are a few topics that I think you will find very interesting: Did you know that mortgage rates have been higher in 35 out of the past 35 years? Fixed rates in March of 1974 were 8.41%. Going up each year
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