New Home Under Construction in Naples, Florida by Nova Homes of South Florida Its a mixed bag for the U.S Housing Market. Sales are down slightly, but prices have gone up due in part to low inventory. The Southwest Florida market remains strong. Despite the drop in new home sales, the housing market remains underpinned by a strong labor market, which is near full employment. But it is being hampered by a shortage of homes, which is driving up prices. Contributing to the deart
New Home Under Construction, by Nova Homes of South Florida, Naples, Florida Everyone agrees the U.S. housing market is being squeezed by low inventory. What they don’t agree on is why. As home inventory sits near post-recession lows, there are many hypotheses on why there are so few homes for sale today. Here are the five leading theories: (1) investors bought up too many foreclosures during the bust and are hording them as rentals, (2) rising prices have made buying a home
Another Beautiful Home by Nova Homes of South Florida Realtors throughout Southwest Florida are optimistic about the next five months remaining for 2017. They have stated their optimism publicly due to trends and experience in the marketplace. A real estate executive stated that 2017 has proven to be a solid real estate year in Naples, with sales continuing an upward trend from last year and months of inventory dropping from its peak by more than 15 percent. Of particular not
George Washington's Mount Vernon mansion is the centerpiece of his estate along the Potomac River. Learn more about this remarkable and historic building. 1. A domestic structure has stood in the Mansion's footprint since 1735, when George Washington was just three years old. George Washington’s father, Augustine Washington, built a modest one and a half story farmhouse there in 1735. Washington’s elder half-brother Lawrence lived at the property from 1741 until his death in
Naples has not been affected by a hurricane since Hurricane Wilma in 2005. The current activity trend for Hurricanes over the past few years is an eastern route traveling up the east coast of the US. New York and New Jersey receive more of the hurricane affects than Florida during the past dozen hurricane seasons. Preparation for any type of emergency is crucial. And with storm season upon us, it’s time to make sure you, your family and your business has a plan to put into ac
Nova Homes of South Florida Building a New Custom Home in Naples, Florida Naples Homes Market Statistics – Median sold price for Naples homes increased 5.8 percent since last March – from $382,705 to $405,000. (The median sold price is the middle price, where half of the sales are of lower value and half are of higher value.) Naples homes sold during 2017 have a median sold price of $387,000. Last year the median sold price was $385,000. The median sold price has increased 0.
A NEW WATERFRONT HOME UNDER CONSTRUCTION BY NOVA HOMES OF SOUTH FLORIDA Cindy Carroll, with Carroll & Carroll Appraisers & Consultants in Naples, said housing inventory in the Naples area climbed 23 percent from March 2016 to March 2017, but she told the Realtor-packed audience "not to panic about this." She pointed out the increase wasn't nearly as big as the year before, when the number of homes on the market rose by 35 percent over 12 months. "We all felt that," she said.
A New Home By Nova Homes of South Florida, Golden Gate Estates, Naples, Florida By Mark Steber Taxpayers are constantly bombarded by the tax benefits of home ownership, but are often given misleading information including embellishment of benefits and other overlooked areas. I would like to take the time today to clear up some of the confusion around home ownership and its tax implications. You are often told your mortgage payment will save you money at tax time, but it isn’t
New custom home under construction by Nova Homes of South Florida, Naples, Florida It's an excellent time to be buying a home or refinancing one -- current mortgage rates are still low and U.S. lenders are making it easier to get mortgage-approved. Between October-December 2016, for the eleventh straight quarter, a greater number of mortgage lenders reduced their loan approval standards than those which increased them. It points to why more mortgage loans are being approved t
Naples once again is tops when it comes to residents being happy and feeling good about life. An annual Gallup-Healthways survey of 189 cities nationwide about well-being found Naples is No. 1 for its residents having the highest sense of purpose and a positive outlook, according to the findings. It is the second year in a row that Naples is at the top of the list. Naples Mayor Bill Barnett said it’s great the community has stayed at the top spot. “It is a wonderful honor for