Here are some interesting statistics recently published by the Naples Area Board of Realtors. All data is based on overall MLS inventory and compares October 2019 to October 2020: Inventory across the board is down 34% Overall "pendings" increased a record 73% Median closed price is up 17% to $385,000 Overall closed sales for the month increased 65% Days on the Market have decreased 12% to 92 DOM Over 30%
Read More4 Annoying Mortgage Hurdles & How to Overcome Them: As recently reported on Credit.com, there are some common stumbling blocks that borrowers encounter, and here are some suggestions for helping you to overcome them: 1. A High Debt Ratio: It doesn't matter how great your credit score is, or how much money you earn; your housing payments plus your credit obligations cannot exceed 45% of your monthly income! If you
Read MoreNew FICO Scoring System In a recent article published by the National Mortgage Professional Magazine, it was announced that the FICO scoring system will be restructured in order to help borrowers qualify for loans more easily. One of the primary differences we will see is that median FICO score for consumers whose only derogatory references are unpaid medical debts will increase by 25 points. It has been determined that medical collections
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