Industry News

Florida’s housing market in July: median prices rose while existing home sales sank

Existing home sales dropped 8% due to inventory shortage and rising prices. ORLANDO, Fla. – Florida’s housing market reported rising median prices and fewer all-cash closed sales in July, according to the latest housing data released by Florida Realtors®. Closed …

SW Florida rents rise faster than rest of U.S. in April

By June Fletcher. Price is up 3.9 percent in Collier County. Apartment rents grew in Southwest Florida faster than the national average in April, a new report by ApartmentList. com said. The San Franciscobased apartment listing firm calculated the numbers …

Home prices rising more slowly, S&P/Case Shiller index shows

Home prices aren’t rising as fast as last year, according to a closely watched national index released Tuesday. Prices in South Florida rose 6.2 percent in February from a year earlier, the S&P/Case Shiller home price index showed. In comparison, …

Florida can’t shake high foreclosure ranking

By John Hielscher. But the number of foreclosure properties continues to shrink Florida can’t shake its spot at the top of the nation for foreclosures, but the numbers are shrinking. Mortgage lenders closed on 71,644 foreclosures in Florida during the …

SOUTHWEST FLORIDA FORECLOSURES DOWN IN 2015

Foreclosures in Southwest Florida declined sharply from 2014, according to RealtyTrac’s 2015 year-end U.S. Foreclosure Market Report. Lee County foreclosure actions totaled 5,118 units at year’s end, down 19.94 percent, from 6,393 from 2014. Collier County foreclosure activity totaled 1,671 …

ZOMBIE’ FORECLOSURES DOWN IN SWFL

The number of vacant homes in the foreclosure process during the third quarter have dropped significantly, according to a RealtyTrac report.  In Lee County, so-called zombie foreclosures totaled 85, a 63-percent drop from 228 the third quarter 2015. Collier County …

REPORT: NAPLES IN TOP 10 FOR U.S. LUXURY LISTINGS

Naples ranks highly among the U.S. cities with active luxury home listings, according to Coldwell Banker Luxury Market Report for fall. In the $1 million-and-up range, Naples is No. 6 with 792 listings. In the $5 million-and-up range, Naples is …

Home-for-sale inventory falls 25%

FORT MYERS — The inventory of existing single-family homes for sale in Lee County fell 25% in August compared with the same month one year ago. There are now less than four months of available existing single-family homes for sale …

NAPLES HOUSING ACTIVITY HEATS UP IN AUGUST

According to the Naples Area Board of Realtors (NABOR) August 2015 Market Report, overall pending sales increased 2 percent from 795 in August 2014 to 811 in August 2015, and overall closed sales increased 2 percent from 9,695 in the 12 …

FORECLOSURE ACTIONS DOWN IN LEE, COLLIER

According to an August 2015 U.S. Foreclosure Market Report by RealtyTrac, foreclosure activity in Lee County totaled 398 units in August, significantly down from 863 in the same month last year. Collier County foreclosure activity dropped from 168 in August …