Lely Resort & Lely Community Statistics - March 2009; Sold, Pending and Active Listings
448 - Active
58 - Pending
19 - Closed
Source: SunshineMLS, Inc.
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Thursday, April 2, 2009
Tuesday, March 3, 2009
Lely Resort & Lely Community Closed Sale Info
Lely Resort & Lely Community Statistics - February 2009; Sold, Pending and Active Listings
464 - Active
48 - Pending
8 - Closed
Source: SunshineMLS, Inc.
Search Golf Course Homes for Sale in Lely Resort
464 - Active
48 - Pending
8 - Closed
Source: SunshineMLS, Inc.
Search Golf Course Homes for Sale in Lely Resort
Saturday, February 28, 2009
Renters Lose Edge on Homeowners
The relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices.
At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even after the housing market soured, apartment demand grew as former homeowners became renters, allowing landlords to push healthy rent increases.
Now, after two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas.
"We're not saying on an absolute basis that it's cheaper to own a home, but on a relative basis...owning is looking much more attractive than it has in a long time," said Andrew McCulloch, a Green Street analyst.
A separate report by Moody's Economy.com also finds that home prices relative to rents are more in line with their historical relationship. Using data that measure average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels. "The bottom is coming into view," said Mark Zandi, chief economist at Moody's Economy.com, "But we've still got a ways to go."
Source: wsj.com
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At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even after the housing market soured, apartment demand grew as former homeowners became renters, allowing landlords to push healthy rent increases.
Now, after two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas.
"We're not saying on an absolute basis that it's cheaper to own a home, but on a relative basis...owning is looking much more attractive than it has in a long time," said Andrew McCulloch, a Green Street analyst.
A separate report by Moody's Economy.com also finds that home prices relative to rents are more in line with their historical relationship. Using data that measure average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels. "The bottom is coming into view," said Mark Zandi, chief economist at Moody's Economy.com, "But we've still got a ways to go."
Source: wsj.com
Search Golf Course Homes for Sale in Lely Resort
Friday, February 6, 2009
Lely Resort & Lely Community Closed Sale Info
Lely Resort & Lely Community Statistics - January 2009 Sold, Pending and Active Listings
449 - Active
35 - Pending
9 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Lely Resort
449 - Active
35 - Pending
9 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Lely Resort
Saturday, January 24, 2009
ULI Winter Institute will focus on real estate development trends
The Urban Land Institute Southwest Florida District Council presents its 12th annual Winter Institute on Thursday, Jan. 29. The half-day program will focus on the current and future trends in five distinct areas of real estate development: lending economics, responsible and sustainable master planned community development, real estate development financing, development in metropolitan cities and Florida's economy.
For more information or to register, call the ULI Southwest Florida District Council at (800) 321-5011 or visit www.uli.org.
Source: naples.Floridaweekly.com
Search Naples FL Golf Course Homes for Sale in Lely Resort
For more information or to register, call the ULI Southwest Florida District Council at (800) 321-5011 or visit www.uli.org.
Source: naples.Floridaweekly.com
Search Naples FL Golf Course Homes for Sale in Lely Resort
Friday, January 2, 2009
Lely Naples FL - December Closed Sale Info
Lely Resort & Lely Community Statistics - December 2008; Sold, Pending and Active Listings
411 - Active
27 - Pending
15 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Lely Resort
411 - Active
27 - Pending
15 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Lely Resort
Sunday, December 28, 2008
Mortgage rates plunge to 37-year low
Freddie Mac says national average for a 30-year-fixed is 5.19 percent
MCLEAN, Va. - Rates on 30-year-fixed mortgages dropped this week to their lowest levels in at least 37 years, as the Federal Reserve pledged to pour money into the mortgage market in an effort to spur the moribund U.S. housing market.
Freddie Mac, the mortgage company, reported Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, down from the year's previous low of 5.47 percent, set last week.
The rate is the lowest since Freddie Mac's weekly mortgage rate survey began in April 1971.
source:msn.com
View Lely Golf Course Homes for Sale
Contact Sarah Hoag Lely Golf Course Naples FL Real Estate Specialist
Sarah@SarahHoag.com
MCLEAN, Va. - Rates on 30-year-fixed mortgages dropped this week to their lowest levels in at least 37 years, as the Federal Reserve pledged to pour money into the mortgage market in an effort to spur the moribund U.S. housing market.
Freddie Mac, the mortgage company, reported Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, down from the year's previous low of 5.47 percent, set last week.
The rate is the lowest since Freddie Mac's weekly mortgage rate survey began in April 1971.
source:msn.com
View Lely Golf Course Homes for Sale
Contact Sarah Hoag Lely Golf Course Naples FL Real Estate Specialist
Sarah@SarahHoag.com
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