Market Statistics & News

Busting Housing Myths

Busting Housing Myths About Affordability Crisis

There are a couple of housing myths when it comes to affordability. It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a purchaser’s buying power.

Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s income. The median family income has risen by 3.5% over the last year.

Let’s look at three different reports issued recently that reveal how homes are very affordable in comparison to historic numbers, and how they have become even more affordable over the past several months.

1. National Association of Realtors’ (NAR) Housing Affordability Index:

Here is a graph showing the index going all the way back to 1990. The higher the column, the more affordable homes are:

housing myths

We can see that homes are less affordable today (the green bar) than they were during the housing crash (the red bars). This was when distressed properties like foreclosures and short sales saturated the market and sold for massive discounts. However, homes are more affordable today than at any time from 1990 to 2008.

NAR’s report on the index also shows that the percentage of a family’s income needed for a mortgage payment (16.5%) is dramatically lower than last year and is well below the historic norm of 21.2%.

housing myths

2. Black Knight’s Mortgage Monitor:

This report reveals that as a result of falling interest rates and slowing home price appreciation, affordability is the best it has been in 18 months. Black Knight Data & Analytics President Ben Graboske explains:

“For much of the past year and a half, affordability pressures have put a damper on home price appreciation. Indeed, the rate of annual home price growth has declined for 15 consecutive months. More recently, declining 30-year fixed interest rates have helped to ease some of those pressures, improving the affordability outlook considerably…And despite the average home price rising by more than $12K since November, today’s lower fixed interest rates have worked out to a $108 lower monthly payment…Lower rates have also increased the buying power for prospective homebuyers looking to purchase the average-priced home by the equivalent of 15%.”

3. First American’s Real House Price Index:

While affordability has increased recently, Mark Fleming, First American’s Chief Economist explains:

“If the 30-year, fixed-rate mortgage declines just a fraction more, consumer house-buying power would reach its highest level in almost 20 years.”

Fleming goes on to say that the gains in affordability are about mortgage rates and the increase in family incomes:

“Average nominal household incomes are nearly 57 percent higher today than in January 2000. Record income levels combined with mortgage rates near historic lows mean consumer house-buying power is more than 150 percent greater today than it was in January 2000.”

So, now that we’ve clarified the housing myths about the “affordability crisis” if you’ve put off the purchase of a first home or a move-up home because of affordability concerns, you should take another look at your ability to purchase in today’s market. You may be pleasantly surprised!

Begin Your Property Search for Southwest Florida Property

dream homeSo, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about Housing Myths was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 15th, 2019 Posted by NaplesGolfGuy

Growing Home Equity

The Benefits of Growing Equity in Your Home

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on growing home equity. Let’s break down three ways this is a win for homeowners.

Growing Home Equity

3 Tips to How to Grow Home Equity:

1. Move-Up Opportunity

With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from CoreLogic,

“In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year.”

This increase in profit means if homeowners decide to sell, they’ll be able to put their equity to work for them as they make plans to move up into their next home.

2. Gain in Seller’s Profit

ATTOM Data Solutions recently released their Q2 2019 Home Sales Report, indicating the seller’s profit jumped at one of the fastest rates since 2015. They said:

“A look at the national numbers showed that U.S. homeowners who sold in the second quarter of 2019 realized an average home price gain since the original purchase of $67,500…the average home seller gain of $67,500 in Q2 2019 represented an average 33.9 percent return as a percentage of the original purchase price.”

Looking at the amount paid when they bought their homes, and then the amount they received after selling, we can see that some homeowners were able to walk away with a significant gain.

3. Out of a Negative Equity Situation

Negative equity occurs when there is a decline in home value, an increase in mortgage debt, or both. Many families experienced these challenges over the last decade. According to the same report from CoreLogic,

“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $485.7 billion since the first quarter 2018, an increase of 5.6%, year over year.

In the first quarter of 2019, the total number of mortgaged residential properties with negative equity decreased…to 2.2 million homes, or 4.1% of all mortgaged properties.”

The good news is, many families have moved beyond a negative equity situation, and no longer owe more on their mortgage than the value of their home.

So, if you’re a current homeowner, you may have more equity than you realize. Your equity can open the door to future opportunities, such as moving up to your dream home. Let’s get together to discuss your options and start to put your equity to work for you.

Quail-West-Home Naples FLConsidering Selling Your Home?

If you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers we recommend you work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about Growing Home Equity was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 14th, 2019 Posted by NaplesGolfGuy

5 Real Estate Reality TV Myths

5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself watching a Real Estate Reality TV show such HGTV? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.

When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check.

Real Estate Reality TV

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but they are only one piece of the overall marketing of your home. Keep in mind, many homes are sold during regular showing appointments as well. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives and goals.

So, having an experienced professional on your side while navigating the real estate market is the best way to guarantee you can make the home of your dreams a true reality.

Begin Your Property Search for Southwest Florida Property

Private Golf CourseSo, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about 5 Real Estate Reality TV Myths explained was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 12th, 2019 Posted by NaplesGolfGuy

American Confidence in Housing

American Confidence in Housing at an All-Time High

What is American Confidence in housing right now? Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.

American Confidence

Great News! The index reached its highest level since Fannie Mae began their survey. Breaking it down, the report revealed:

  • The share of Americans who say it is a good time to buy a home increased from the same time last year.
  • The share of those who say it is a good time to sell a home increased from the same time last year.
  • The share of Americans who say they are not concerned about losing their job over the next 12 months increased dramatically (16 percentage points) from the same time last year.
  • The share of Americans who say mortgage rates will go down over the next 12 months increased dramatically (24 percentage points) from the same time last year.

The day after the index was released, Freddie Mac also announced the 30-year fixed-rate mortgage rate fell to its lowest level in three years.

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae explained the uptick in the index:

“Consumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges. Consumers appear to have shaken off a winter slump in sentiment amid strong income gains. Therefore, sentiment is positioned to take advantage of any supply that comes to market, particularly in the affordable category.”

So, consumers are feeling good about the real estate market and American confidence in housing is at an all-time high. Since Americans are not worried about their jobs, see mortgage rates near an all-time low, and believe it is a good time to buy, the housing market will remain strong for the rest of the year.

More Information Southwest Florida Real Estate

Naples Golf Guy Monthly Real Estate Report

Begin Your Naples Property Search

luxury lifestyle

So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Considering Selling Your Home?

If you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers we recommend you work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about American Confidence in Housing was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 12th, 2019 Posted by NaplesGolfGuy

Early July Lee County Real Estate Recap

Early July Lee County Real Estate Sales

Early July Luxury Real EstateSouth Lee County early July real estate report showed we had 124 properties sold for the week of July 6th compared to 238 properties sold the prior week in the Southern Ft. Myers, Estero and Bonita Springs area. So we’ve clearly had a slow week in real estate transactions. Preliminary indications indicate the figures will increase significantly for the week of July 13th.

Southern Fort Myers remained in the first position with 46 real estate transactions down from 87 the week before. Of the 46 homes sold, 13 percent were vacant lots, 17 percent were condos and 61 percent were single family homes. The other properties sold in S. Ft Myers were commercial units, multi-family units and mobile homes.

Bonita Springs remained in the second position with 39 sales compared to 85 properties sold the week of June 29th. Home sales consisted of: 13 percent vacant lots, 36 percent condos and 41 percent were single family homes. The remaining property sales in Bonita were commercial units, mobile homes and multi-family units.

Finally, Estero rounded out the week with 38 sales which was down from 65 real estate transactions during the previous week. Of the 38 real estate sales, 18 percent were vacant lots, 29 percent were condos and 50 percent were single family homes. And, the remaining property sold in Estero was a mobile home.

In review, based on the early July South Lee County Real Estate Sales report for the week of the 6th, sales were broken down by the following property types in Southwest Florida:  34 condos, 63 single family homes, 18 vacant lots, 4 mobile homes, 3 commercial units and 2 multi-family units sold.

South Lee County Early July Real Estate Sales for the Week of the 6th – Organized by zip code

West Bay Beach ClubBonita Springs

  • 34134 – 10 properties sold (4 single family homes and 6 condos)
  • 34135 – 29 properties sold (2 commercial units, 1 mobile home, 1 multi-family unit, 5 vacant lots, 12 single family homes and 8 condos)

Southern Fort Myers

  • 33912 – 19 properties sold (15 single family homes and 4 condos)
  • 33913 – 16 properties sold (1 commercial unit, 2 mobile homes, 3 vacant lots, 6 single family homes and 4 condos)
  • 33967 – 11 properties sold (1  multi-family unit, 3 vacant lots and 7 single family homes)

private golfEstero

  • 33928 – 23 properties sold (1 mobile home, 7 vacant lots, 9 single family homes and 6 condos)
  • 33967 – 10 properties sold (9 single family homes and 1 condo)
  • 34134 – 1 property sold (1 condo)
  • 34135 – 4 properties sold (1 single family home and 3 condos)

Miromar

  • 33913 – 1 property sold (1 condo)

More Information Southern Lee County Real Estate Sales

Naples Golf Guy Monthly Real Estate Report

Early July Lee County Real Estate Transactions Week of the 6th 2019

Begin Your Naples Property Search

West Bay Golf Club

So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Considering Selling Your Home?

If you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers we recommend you work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about early July real estate sales was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 11th, 2019 Posted by NaplesGolfGuy

Naples Condo Sold in The Glades

Just Closed on a Naples Condo Sold in The Glades!

Congratulations to a wonderful client and NaplesGolfGuy team member, Mike Pepple, who helped facilitate the real estate transaction for a Naples Condo in The Glades.  This is a private bundled golf community which means your membership is bundled in with the purchase of your home. The Glades is one of the very few golf courses in the area where you are able to walk or take a golf cart.

Naples Condo in the Glades

Begin Your Own Naples Property Search

So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about this Naples Condo in the Glades was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you’re ready to buy or sell a home in Naples, Bonita Springs, Estero or Fort Myers contact me. With 20 years of experience, I can help provide the market information and insights into individual communities to help you find your dream home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 10th, 2019 Posted by NaplesGolfGuy

August Real Estate News

August Real Estate News by the Numbers

Staying current with the latest August Real Estate News is a must when it comes to understanding the housing market. Here’s a look at how the numbers stack up today. If you’d like to learn more about homeownership or your next move, let’s get together to discuss your options.

Nationwide August Real Estate News

  • Average Number of Days Homes Are on the Market – 27
  • Inventory Level – 4.4  months supply of inventory which makes it a seller’s market
  • Average Credit Score of a Buyer – 731
  • Homeownership Rate – 64.1 percent
  • Median Price of Existing Homes – $285,700
  • Low Interest Rates – Average 3.75 percent

Begin Your Naples Property Search

August Real Estate NewsSo, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about August real estate news was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you’re ready to buy or sell a home in Naples, Bonita Springs, Estero or Fort Myers contact me. With 20 years of experience, I can help provide the market information and insights into individual communities to help you find your dream home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 10th, 2019 Posted by NaplesGolfGuy

Rent Versus Own

Rent Versus Own

I’m often asked, “should I rent versus own a home”.  The answer depends on your personal situation. If you are new to the southwest Florida area, sometimes it is a good idea to rent for a season or for a couple of months to determine which area is best for you and your family. North Naples is very different than Old Naples. Do you want to live in a golf community or in a luxury home overlooking the Gulf of Mexico?

rent versus own

Some Highlights:

  • Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
  • Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
  • Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

Begin Your Naples Property Search

Naples golf communitiesSo, if you’re ready to begin your search for your southwest Florida Luxury home or condo, explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and we’ll help you navigate more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties and communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about deciding to rent versus own a home was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you’re ready to buy or sell a home in Naples, Bonita Springs, Estero or Fort Myers contact me. With 20 years of experience, I can help provide the market information and insights into individual communities to help you find your dream home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 9th, 2019 Posted by NaplesGolfGuy

The Truth About Homeownership Rates

Homeownership Rates Over Time

luxury real estateThe U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The truth is homeownership rates are consistent with historical trends.

The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau reported that the second quarter of 2019 ended with a homeownership rate of 64.1%, which is down from the 64.8% rate for the fourth quarter of 2018. Based on this news, some started to question the consumer’s belief in the idea of homeownership as a major part of the American Dream.

Everyone Calm Down…

It is true the homeownership rate did fall. However, if you look at the national rate over the last 35 years (1984-2019), you can see that the current homeownership rate has returned to historical norms. The 64.1% rate is equivalent to the rates in 1984 and 1994.

homeownership rates

What Will the Future Bring?

Part of the reason the homeownership rate slipped is a lack of inventory available for purchase for first-time home buyers. The demand is there, but currently, the supply is not. It seems, however, that is about to change.

In a recent report, Ivy Zelman explained that builders have finally started to increase the number of homes they’re constructing at the lower-end price points:

“Robust growth in the entry-level price point of late should translate to a reacceleration in homeownership rates moving forward.”

So, today, homeownership rates are at historic normal levels. In all probability, it will increase as more inventory becomes available. There is no reason for concern.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about Homeownership Rates was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 8th, 2019 Posted by NaplesGolfGuy

Strong Home Appreciation

Home Appreciation Is Strong: It Might Be Time to Sell

All indications are home appreciation is strong and it might be a good time to sell. There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.

Strong Home Appreciation

Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).

home appreciation

Appreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners:

As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.

Projected Appreciation

Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.

So, if you’re thinking about selling your house now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Naples Golf Guy


Naples Golf GuyThe above information about home appreciation was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

August 7th, 2019 Posted by NaplesGolfGuy