Naples Area Home & Condo Sales Steady In October; Overall Prices Up 9%; Inventory Falling

Coming just one month after Hurricane Irma’s impact on Southwest Florida, the Naples Area Board Of Realtors (NABOR) October sales report shows a steady market with total closed sales up 1% compared to the same month one year ago. There were 561 total closed sales last month, up 1% from October 2016. This breaks down […]

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In The Aftermath Of Hurricane Irma, A Wave Of Foreclosures Are Predicted In Florida In 2018

Housing experts worry that millions of foreclosures will surface in Florida, Texas and Puerto Rico after recent hurricanes forced owners from their homes. Many lenders extended grace periods for affected customers, but consumer advocates fear that many will simply walk away from their mortgages once that grace period ends. “I’m anticipating a wave of problems […]

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IRS Offers Relief To Hurricane Irma Victims

The Internal Revenue Service (IRS) offered a rundown of key tax relief available to victims of Hurricanes Harvey, Irma and Maria. In general, the IRS relief to individuals and businesses applies anywhere in Florida, Georgia, Puerto Rico and the Virgin Islands, as well as parts of Texas. Because the relief postpones various tax deadlines, individuals […]

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Hurricane Irma Wind Damage In Florida Estimated To Be Almost $20 Billion; Insurance Expected To Pay $6 Billion

It will be years before the true cost of Hurricane Irma is clear, but a team of Florida International University (FIU) researchers estimates that the storm’s winds alone will set the Sunshine State back $19.4 billion. Of that total, FIU’s researchers said, $6.3 billion of the bill goes to insurance companies, leaving homeowners to shoulder […]

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Study Finds Fort Myers-Cape Coral Metro Area 5th Best In Florida For Home Flipping

More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according to a study by WalletHub. The average gross profit on a single home flip? Nearly $63,000. Overall, Florida metro areas ranked in the top 25 percent for home flipping, with only cities in South Florida ranked below 50 percent. […]

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