March 2024 Real Estate News

March 2024 Real Estate News

​Southwest Florida Real Estate Market Update​ The 30-year fixed-rate mortgage averaged 6.87% as of March 21, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, the mortgage rate averaged 6.74%; one year ago at this time,...
February 2024 Real Estate News

February 2024 Real Estate News

​Southwest Florida Real Estate Market Update​ Interest rate outlook – The Mortgage Bankers Association (MBA) is forecasting home loan financing costs to improve, with interest rates expected to reach 6.1% by the end of 2024. January’s statistics show Lee...
January 2024 Real Estate News

January 2024 Real Estate News

Attention 2023 Florida Home Buyers! Homestead Exemption: For those of you that purchased a home in 2023, you may be eligible for the Homestead Tax Exemption. $50,000 could come off of the assessed or taxable value of your home (and enjoy a 3% cap rate vs 10% on...
November 2023 Real Estate News

November 2023 Real Estate News

​Southwest Florida Real Estate Market Update​ Real estate market conditions are always changing. Lee County’s Single Family Home listings were up 69.6% in October with 5,676 active listings compared to last year’s 3,347. Condo & Townhouse listings...
October 2023 Real Estate News

October 2023 Real Estate News

​Southwest Florida Real Estate Market Update​ Lee County’s real estate market has seen changes. Single Family Home listings were up 41.8% in September with 5,107 active listings compared to last year’s 3,601. Condo & Townhouse listings increased by...
September 2023 Real Estate News

September 2023 Real Estate News

​Southwest Florida Real Estate Market Update​ Lee County’s real estate market has seen changes. Single Family Home listings were up 34.5% in August, with 4,682 active listings compared to last year’s 3,481. Condo & Townhouse listings increased by...