Cape Coral Florida Real Estate News
May 27, 2018
State and National News:
- Florida ranks in Top 10 Kiplinger’s 2018 ‘Where to Retire’ list Read more…
- The ‘Art Effect’ allows nearby landlords to charge higher rents Read more…
- Most U.S. States are struggling to regulate Airbnb Read more…
- Home sales, prices to rise despite inventory Read more…
- Millennials go straight to ‘forever’ homes Read more…
Taxes, Financing, Insurance, Scams, and more:
- Buyers’ mortgage preapproval means less than you think Read more…
Cape Coral and SW Florida News:
- 20 Best Places to Vacation in Florida Read more…
- U.S. News & World report: Fort Myers, Cape Coral high schools ranked in top 200 in Florida Read more…
- Cape Life: Why are so many people moving to Cape Coral and Lee County Read more…
- Developer gives Builder ‘go’ for Downtown Fort Myers hotel Read more…
- Cape Coral breaks into Nation’s Top 50 for ‘Best Fleets’ Read more…
- Cape Coral’s meeting on potential Bimini Basin regulations Read more…
- Lost in Cape Coral? Navigating the street naming system Read more…
- City Council tables Eagle ordinance Read more…
- Cape Coral plans to sell up to 417 acres of surplus land worth $6.3 million Read more…
- Council gives final approval for multifamily housing on 83 acres in NW Cape Coral Read more…
- Cape to hire 23 Officers for Schools Read more…
- Village Square: What you need to know about Cape Coral’s downtown high-rise development Read more…
- Cape Coral looks to build cultural partnership with Chinese City Read more…
- Small Businesses drive Cape economy Read more…
Real Estate Tips:
- The best time to list a home? Not over a weekend Read more…
- 11 tips to avoid home improvement scams Read more…
- What’s in and what’s out in home renovations Read more…
Nature and Parks:
- Cape Coral Parks& Recreation Program Guide Read more…
———————————————————-
May’s FEATURED HOME:
760 Coral Drive, Cape Coral – $214,900…
Yacht Club area — MILLON DOLLAR NEIGHBORHOOD! For three generations this home has been in the same family, and lovingly cared for. Mr and Mrs Gaumer spent many hours back in 1963 searching for the perfect location for their home. When they found 760 Coral Drive they knew they had found Paradise. As you travel Coral Drive to the end, you also will know that you’ve found home in this Island lifestyle neighborhood. The owners call this “the friendliest place on the Cape”. Home is offered TURNKEY—including furniture, pots, pans, linens, etc…. Just bring your toothbrush and you’re ready to relax and enjoy your oasis. LARGE SCREENED LANAI with view of the SOUTHERN EXPOSURE backyard, Corner lot, HUGE POCKET SLIDERS in Living Room, a/c NEW in 2012, City water/sewer in and ASSESSMENTS PAID, light and bright open floor plan, split bedroom design offering Master Bedroom on one side of the home and guest rooms on the other for ultimate privacy. Close to shopping, restaurants, yacht club beach, Ft Myers Bridge, and more… Easy access to Sanibel Island and Fort Myers Beach. Plus, Fort Myers International Airport is only about 18 miles away.
760 Coral Dr, Cape Coral FL
Click here to see more…
———————————————————-
———————————————————-
“Backyard News”
> Over 530 closings in Cape Coral for the month of April, the highest number of closings in a single month in over 7 years. Roughly 12% are new construction.
> Cape Coral reaches the $300k mark for single family home prices in over a decade, although still off by nearly 21% from peak prices of 2006.
> New Construction permits reached nearly 200 in April, nearly 15-20% of total economy whether local or nationally hinges on the strength of new construction in a market.
> Existing home sales is one of the most important gauges of a healthy market, Ft. Myers felt its much-anticipated first annual peak, with over 400 single-family home sales.
> Fort Myers hanging by the threads of a neutral market, as inventory levels continue to drop between 4-6% monthly, Ft Myers should enter into a full-swing “sellers” market before the end of Q2.
“Industry News”
> Freddie Mac to roll out HomeOne Mortgage (July 29th, pending lender roll out) a new conventional 3% down payment option for qualified first time homebuyers. HomeOne mortgage serves borrowers without geographic or income restrictions and will help overcome the common down payment resource hurdle. The programs is only for conforming fixed-rate mortgages secured by a one unit primary
> A possible amendment to the Truth in Lending Act would allow seller financing transactions that an individual can participate in without having to register as a mortgage loan originator to five. Currently, the limit is three within a 12-month period. Qualifying sellers include persons as well as entities, such as corporations, partnerships, proprietorships, associations, cooperatives, estates, and trusts and must contain safeguards such as: the loan cannot have a negative amortization, prohibits high cost loans, and requires interest rates to be fixed for five years.
Have questions? Need Cape Coral Real Estate assistance? Call Deb Cullen at (239) 233-2322 or click here…..
