Real Estate News
Real Estate News
The latest nationwide real estate news shows demand for homes continues to remain strong. However, inventory shortages resulted in a dip in closed sales in February. Yet, as we head into the summer months, pending sales continue to increase.
Also, there is good news on the financing side. If you are buying a home, the number of times closings are delayed continues to decline. In general, there are two main reasons for delays in closings, financing issues and appraisal issues.
And, the good news is interest rate changes are not impacting demand for housing by home buyers. In a recent survey by the National Association of Realtors, 47 percent of consumers said it was a good time to buy property. In addition, the latest data confirms buyers are purchasing homes. For example, new home sales are 10 percent higher than this same time last year. Additionally, homes are selling within 45 days as compared to 59 days in 2016.
Finally, the consumer confidence index jumped up to 126 in March which is a 10 percent increase. This is the highest level since December of 2000.
If you are consider buying a home, now is the right time. And if you are looking for a home or condo in a golf community, you will find it is more complex than a normal home purchase. As you can probably imagine, there is a significant difference between golf courses. Also, there are hidden fees, different membership options, pet restrictions and very different demographics in each community.
So, if you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you. Most importantly, I can provide the market information and insights to help make sure you select your dream home.
Lastly, I will handle all of the contract negotiations for your property from the first offer to close.
About Matt Klinowski